Download the full outcome
Detail of outcome
This consultation followed the announcement at Budget 2018 that the government will introduce legislation in the Finance Bill 2019 to 2020 to make HM Revenue and Customs a secondary preferential creditor for certain tax debts.
You can read a summary of responses and the government response to the consultation on this page.
Following this consultation, the government has published draft legislation, an explanatory note and a tax information and impact note (TIIN).
At Budget 2018, the government announced that it will introduce legislation in Finance Bill 2019 to 2020 to make HM Revenue and Customs (HMRC) a secondary preferential creditor for certain tax debts paid by employees and customers on the insolvency of a business.
This consultation invites comments on how HMRC proposes to implement the change.
We’re seeking views from interested parties, particularly businesses, lenders, insolvency practitioners, advisers and representative bodies and others who will be affected by the change, to ensure that it is implemented in the most effective way.