UK: TAX ABUSE AND INSOLVENCY – DIRECTORS AND OTHER PERSONS INVOLVED TO BE MADE PERSONALLY LIABLE FOR AVOIDANCE AND EVASION

On 7th November, HMRC published the response to a consultation which ended on 20th June.  The response confirms that the government will legislate in 2019-20 to allow HMRC to make directors and other persons involved in company tax avoidance, evasion or “phoenix companies” jointly and severally liable for tax liabilities that arise from those activities where the company becomes insolvent.

https://www.gov.uk/government/consultations/tax-abuse-and-insolvency

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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