HMRC and insolvency

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HMRC bumped up insolvency pecking order The Government is going ahead with plans to move tax debts above debts to suppliers, consumers, pension schemes and employees when companies go bust. HMRC will be bumped up the pecking order from April 2020, but R3, the insolvency trade body, said four in five of its members believe the changes will make it harder to rescue businesses.

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