Policy paper
Introduction of changes to protect your tax in insolvency
This tax information and impact note is about protecting your taxes in insolvency.
Documents
Details
This measure changes the rules from 1 December 2020.
When a business enters insolvency, more of the taxes paid in good faith by its employees and customers and temporarily held by the business will fund public services rather than be distributed to other creditors.
Published 11 March 2020