#phoenixism

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Law
fromLondon Business News | Londonlovesbusiness.com
4 days ago

Losses to HMRC were 836 million in 2022/23 - London Business News | Londonlovesbusiness.com

HMRC must strengthen enforcement against phoenixism, a practice where companies wind up and reform under same control to evade taxes, costing the Exchequer approximately £836 million in 2022/23.
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Business
fromwww.theguardian.com
2 months ago

Taxpayers miss out on millions after phoenixism' at UK recruitment firms

Connected directors repeatedly resurrect insolvent recruitment firms via pre-pack phoenixism, wiping debts and costing taxpayers hundreds of millions annually.
Business
fromwww.theguardian.com
5 months ago

Insolvent UK recruiter acquired by previous owner who took millions out

A recruitment firm's assets were bought for £10,000 by its former owner’s new company despite the firm owing £2.9m, including £647,000 to HMRC.
Business
fromBusiness Matters
6 months ago

HMRC chasing 90m in unpaid taxes after staffing firm Challenge rescued from insolvency

HMRC seeks about £90 million from Challenge Recruitment Group after an £18m pre‑pack sale left significant unpaid VAT and PAYE liabilities across related entities.
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