From today HMRC will become a secondary preferential creditor in insolvencies (corporate and personal) placing it ahead of the ordinary creditor. The provisions can be
The Finance Act 2020 introduced new provisions concerning tax in insolvency situations in two respects. The first amends the Insolvency Act 1986 (and its equivalents in
The Government’s report on pre pack sales has now been made available In summary it clarifies that there are still concerns over sales to connected
The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020 came into force on 1 October 2020. The following regulations
The Finance Act 2020 received Royal Assent on the 22 July, confirming the government’s intention to restore HMRC as a secondary preferential creditor on insolvency.
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