HMRC consultation: Tax abuse and insolvency

Released 11 April 2018

HMRC are seeking views on how to tackle the small minority of taxpayers who abuse the insolvency regime to try to avoid or evade their tax liabilities.

HMRC have launched a consultation to explore ways to tackle those who deliberately abuse the insolvency regime in trying to avoid or evade their tax liabilities, including through the use of phoenixism. HMRC are seeking views on how to tackle this abuse after reading the discussion paper Tax Abuse and Insolvency. This looks at several behaviours related to misuse of corporate insolvency - tax avoidance, tax evasion and repeated non-payment of tax - to identify potential solutions. These could include legislation, operational measures or other action. The consultation is only targeting corporate bodies that exploit insolvency in this way and is not aimed at any particular size or type. Companies that enter insolvency for genuine commercial reasons will not be affected. This consultation closes at 11:45 p.m. on 20 June 2018. Responses can be submitted by email to: ca.consultation@hmrc.gsi.gov.uk or by writing to:

Ellen Roberts, Counter Avoidance Directorate,
HM Revenue and Customs,
Room 3/41, 100 Parliament Street,
London SW1A 2BQ

View the Open consultation Tax abuse and insolvency.

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