CROWN PREFERENCE: IMPLICATIONS FOR BUSINESS RESCUE IN UK

An article from Out-Law on 30 November says that the adverse impact of the reintroduction of ‘Crown preference’ for HMRC on UK rescue culture is likely to far outweigh any potential benefits to the public purse.  It says that while some of those changes would have been obvious and anticipated by the legislature, others risk undermining some of the stability that has been brought about by initiatives taken by the UK government to support companies through the pandemic – and is arguably contrary to the spirit behind the changes introduced in legislation this year.

https://www.pinsentmasons.com/out-law/analysis/crown-preference-implications-business-rescue

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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