Insolvency: Tax Collection

(asked on 24th April 2019) - View Source

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 .


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 1st May 2019

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.

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