Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions his Department had with (a) HMRC and (b) the Treasury on the decision to make HMRC a secondary preferential creditor in insolvencies (i) before and (ii) after the Chancellor announced the policy at the 2018 Budget .
Insolvency Service officials regularly meet with officials from HMRC and HM Treasury on a wide range of policy issues which has included, from time to time, the position of HMRC as a creditor in insolvency proceedings. Since the 2018 Budget, officials have had a number of discussions leading up to the publication of the “Protecting Your Taxes in Insolvency” consultation on 26 February this year. The consultation closes on 27 May.