HMRC behind almost half of wind-up petitions
11 Jan 2010, Mario Christodoulou, AccountancyAge
http://www.accountancyage.com/aa/news/1746141/hmrc-half-wind-petitions
The taxman has been accused of pushing businesses into collapse, after a survey revealed authorities were behind almost half of wind-up petitions, The Guardian reports.
HM Revenue & Customs lodged 43% of petitions, according to accountants UHY Hacker Young, which said HMRC's priority remains “to maximise debt recovery”.
“If this is HMRC in 'soft touch' mode, businesses will be concerned about Revenue & Customs turning the screw after the election... Company directors who can't come to a workable agreement with the taxman or who break the terms of an agreement, will find that HMRC will be very quick to push the button on their business,” said Nick Hancock, a partner at UHY Hacker Young.
Read the full story: Taxman quickest to wind up firms
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Visitor comments
Unless deliberate
However if firms have deliberately not paid their tax, suppliers or filed accounts etc they leave those alone.
Anyone would be forgiven for thinking the destruction of the UK economy was deliberate.
Posted by: Spike , 11 Jan 2010 | 00:00