Hmrc as a preferential creditor
Hmrc as a preferential creditor"
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Policy paper HMRC AS A PREFERENTIAL CREDITOR This policy paper explains how taxes paid by employees and customers are protected in insolvency procedures commencing after 1 December 2020. Get
emails about this page DOCUMENTS HMRC AS A PREFERENTIAL CREDITOR HTML DETAILS When a company or individual becomes insolvent, the taxes paid by employees and customers, which the insolvent
business was temporarily holding, do not always go to fund public services as intended. In such cases, they often go towards paying off debts owed to other creditors. This policy paper
explains how taxes paid by employees and customers will be protected in insolvency procedures commencing after 1 December 2020. UPDATES TO THIS PAGE Published 30 November 2020 SIGN UP FOR
EMAILS OR PRINT THIS PAGE Get emails about this page Print this page
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Hmrc as a preferential creditorPolicy paper HMRC AS A PREFERENTIAL CREDITOR This policy paper explains how taxes paid by employees and customers are pr...
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