9. Bankrupt continues to trade.

If a business continues to trade after the owner has been declared bankrupt, the individual remains responsible for filing tax returns and paying tax for all post-bankruptcy periods. Insolvency practitioners must notify the Enforcement and Insolvency Service if trading continues and must account for any tax due during their period of office separately from the business's post-bankruptcy returns. VAT for the practitioner's period of office must be accounted for using the specific online form provided by HMRC, referencing the reason as bankrupt continuing to trade.