This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Think you’re off the hook? Think again!

By Mark McLaughlin, February 2021

Mark McLaughlin looks at new HMRC powers to make company directors (and others) jointly and severally liable for unpaid tax liabilities. 

Business owners want their enterprise to be successful and financially rewarding. Unfortunately, this is not always the case.  

If the business fails, HM Revenue and Customs (HMRC) may miss out on unpaid tax liabilities. However, following recent changes, business owners may be unable to walk away and start new businesses with a clean tax slate. 

Not so fast… 

HMRC can now make company directors and others joint and severally liable for the company’s tax liabilities in certain circumstances that the government had previously considered unacceptable. 

The rules allow HMRC to give a ‘joint liability notice’ to individuals if a company liability arises in any of the following three

This is one of our 1989 Premium articles

To see this article in full and unlock access to our complete library of 1989 articles click 'subscribe & unlock' below:
SUBSCRIBE & UNLOCK

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you for signing up to hear from us!