Insolvency: Taxation

(asked on 21st January 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government how many proceedings for insolvency have been initiated by HMRC for failure to pay taxes when they were due.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 4th February 2021

Routine insolvency action has been paused by HMRC since the first lockdown in March 2020.

The figures below are for the 2020 calendar year relating to proceedings for insolvency which have been initiated by HMRC for failure to pay taxes when they were due:

Bankruptcy/Sequestration

January – March 2020 409

April – June 2020 0

July – September 2020 0

October – December 2020 0

Companies Winding Up/Liquidation

January – March 2020 1108

April – June 2020 9

July – September 2020 1

October – December 2020 1

These figures cover England, Scotland, Wales and Northern Ireland.

Reticulating Splines