“Insolvency and tax avoidance: a rude awakening” by Elliot Green, tax and insolvency specialist and CEO of Oliver Elliot

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.

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