Tax Avoidance

HM Treasury written question – answered on 17th July 2017.

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Photo of Grant Shapps Grant Shapps Conservative, Welwyn Hatfield

To ask Mr Chancellor of the Exchequer, whether HM Revenue and Customs conducts a cost-benefit analysis of potential job losses and tax revenues forgone before issuing winding-up petitions for unpaid debts under accelerated payment notices.

Photo of Grant Shapps Grant Shapps Conservative, Welwyn Hatfield

To ask Mr Chancellor of the Exchequer, whether HM Revenue and Customs issues a winding-up petition for an accelerated payment notice if the debt pursued is a payment on account for a liability that may never fall due.

Photo of Grant Shapps Grant Shapps Conservative, Welwyn Hatfield

To ask Mr Chancellor of the Exchequer, what criteria HM Revenue and Customs applies in deciding whether to issue a petition.

Photo of Grant Shapps Grant Shapps Conservative, Welwyn Hatfield

To ask Mr Chancellor of the Exchequer, what criteria HM Revenue and Customs applies in deciding whether to issue a winding-up petition for an unpaid accelerated payment notice.

Photo of Grant Shapps Grant Shapps Conservative, Welwyn Hatfield

To ask Mr Chancellor of the Exchequer, how many winding-up petitions have been issued to companies in respect of accelerated payment notices issued by HM revenue and Customs in the last 12 months.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

HM Revenue and Customs (HMRC) will always ensure that its action is proportionate and the precise action taken will depend on the facts and circumstances of each individual case.

HMRC have stringent governance arrangements in place where insolvency is considered. However, anyone who anticipates problems paying their tax bill should contact HMRC, who may be able to offer extra time to pay based on individual circumstances. HMRC has an outstanding record for supporting those facing genuine difficulty paying their Accelerated Payments.

HMRC treat unpaid Accelerated Payments as any other established debt using their range of debt collection powers as necessary to recover what is owed, including insolvency powers where appropriate.

To date, HMRC have issued 12 winding up petitions to companies with Accelerated Payment debt. Most of these companies also have non Accelerated Payment related debts.

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