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Will HMRC’s approach to enforcement set the tone for how struggling companies are treated?

The manner in which HMRC decides to treat embattled businesses will play a significant role in the shaping the post-pandemic landscape once support measures are unwound, according to Richard Wolff, insolvency and restructuring partner at Pannone Corporate.

Will HMRC’s approach to enforcement set the tone for how struggling companies are treated?
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  • Shared by Accountancy Age
  • June 29, 2021
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Action taken by the UK government over the last 14 days, and the accompanying rhetoric, reveals apparent concern about two scenarios: a backlash against HMRC if it takes an overly aggressive approach to debt collection post-pandemic, and the potential for the dam to burst, so to speak, when certain pandemic-related restrictions come to an end, leading to the insolvency of thousands of businesses saddled with pandemic-related debt.

Read more at the Accountancy Age.

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