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
FT that there had been no change in policy since the new rules came in.
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Political and economic uncertainty behind the fall in confidence
Committee expresses concern about costs to businesses and April 2018 implementation date