HMRC could lose millions in unpaid tax as non-compliant umbrella enters pre-pack administration | Computer Weekly

The pre-pack administration of Exchequer Solutions not only shields the company from repaying almost £15 million owed to HMRC but raises serious concerns about the transparency and regulation of umbrella companies.

While the administrator deemed swift action necessary to protect asset values, the lack of creditor consultation, especially with HMRC, highlights systemic issues in how such insolvencies are handled.

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