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HMRC Powers of Investigation

Directors must be aware that HM Revenue and Customs have wide ranging powers and can require the production of documents and papers in order to enable it to establish its claim in a liquidation. 

Wrong doing can quickly lead to major problems as the tax liabilities in the company spiral and directors can potentially be the subject of a misfeasance claim. Legal advice should be sought at an early stage. 

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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