Taxman cracks down in company wind-ups

The taxman is cracking down on companies that are behind with payments,
according to UHY Hacker Young.

In a survey of 2,700 petitions to wind up companies, Hacker Young found that
60% were issued by the taxman, up from 42% in 2001.

The move is a result of the loss of preferred creditor status for HM Revenue
& Customs, the firm said.

The Revenue told
that there had been no change in policy since the new rules came in.

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