HM Revenue and Customs
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Protecting your taxes in insolvency


The consultation outlines how HMRC’s new status will differ from existing rules when a business goes into insolvency.

This consultation closes at: 11:45pm on 27 May 2019

Consultation description

At Budget 2018, the government announced that it will introduce legislation in Finance Bill 2019 to 2020 to make HM Revenue and Customs (HMRC) a secondary preferential creditor for certain tax debts paid by employees and customers on the insolvency of a business.

This consultation invites comments on how HMRC proposes to implement the change.

We’re seeking views from interested parties, particularly businesses, lenders, insolvency practitioners, advisers and representative bodies and others who will be affected by the change, to ensure that it is implemented in the most effective way.


Protecting your taxes in insolvency PDF, 441KB, 16 pages

Ways to respond

Email to:


Write to:

Ade Adetosoye, 
HMRC – Debt Management, 
7th Floor, 
10 South Colonnade, 
Canary Wharf, 
London E14 4PU


Channel website:

Original article link:

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