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Stay ahead and protect your business in the face of winding-up petitions

With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity.

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New Crown preference for tax debts

Despite fierce opposition to the measure, on 1 December 2020, the Crown (for which read HMRC - the UK tax authority), was promoted from ordinary unsecured creditor status to preferential creditor ...

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