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HMRC Escalates VAT Enforcement Against Large Companies (Insolvency & Directors’ Duties)

In the past 12 months HMRC has intensified its VAT recovery measures, particularly against mid‑sized and large companies facing liquidity pressures. The shift reflects HMRC’s post‑pandemic enforcement strategy and its renewed focus on compliance yield, with VAT arrears now one of the most aggressively pursued categories of tax debt. This development converges with an uptick in formal insolvency…

#director duties #First Tier Tax Tribunal #HMRC #HMRC disputes #HMRC Investigations #HMRC Policy #HMRC Tax Assessment #HMRC Tax Disputes #insolvency #Insolvency Act 1986 #insolvency defence solicitors #Insolvency Lawyer #Tax Evasion #Tax Fraud #VAT #VAT Disputes #Winding Up Petitions #Wrongful Trading

Schedule 13 Finance Act 2020: Comprehensive Guide to HMRC Joint Liability Notices

Schedule 13 of the Finance Act 2020 introduced one of the most significant expansions of HMRC’s enforcement powers in recent times, enabling it to pierce the corporate veil and pursue company directors, and others connected to a company, for the company’s own unpaid tax debts. The mechanism through which HMRC exercises this power is the Joint and Several Liability Notice (JSLN). For any director…

Understanding HMRC’s Notice of Requirement: Security Demands for VAT, PAYE, and NICs

When a business falls behind on its tax obligations, HM Revenue & Customs (HMRC) may issue more than just routine warnings or penalties. One of the more serious actions they can take is to serve a Notice of Requirement (NOR), a formal demand for a security deposit intended to protect the revenue against future defaults. This measure, often issued without warning, can cause significant disruption…

#appeal tax assessment #appeal tax penalty #director duties #firsr tier tribunal #HMRC #HMRC Letter #HMRC Notice of Requirement #HMRC Policy #how to respond to notice of requirement #insolvency #nor #security notice #Tax Appeals #tax issue #VAT

WHY NON-EXECUTIVES SHOULDN’T DO IT FOR THE FEES ALONE

WHY NON-EXECUTIVES SHOULDN’T DO IT FOR THE FEES ALONE was originally published on CGI - Corporate Governance Institute

#director duties #directors fees #liability #Non-executive directors #vulnerability

D&O LIABILITY INSURANCE: AN ESSENTIAL COMPONENT OF AN ORGANISATION’S RISK-MITIGATION TOOLBOX

D&O LIABILITY INSURANCE: AN ESSENTIAL COMPONENT OF AN ORGANISATION’S RISK-MITIGATION TOOLBOX was originally published on CGI - Corporate Governance Institute

#Corporate Governance Framework #Director & officer liability insurance #director duties #reckless behaviour #risk

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