Is insolvency a Director’s useful response to the consequence of tax avoidance schemes? Could the taxpayer be storing up further trouble and potentially even a bigger bill, asks Elliot Green.
When the debts of a company become unmanageable, liquidation might not be far away. But is insolvency the answer for a Director with that tax avoidance problem?
Insolvency can sprout anytime and as a result, the relationship between tax avoidance and insolvency can be seen all stages in the tax enquiry and investigation process.
Download the full article below.