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Tax debt disqualifications dominate Insolvency Service stats

Accountancy Age

IS THE Insolvency Service eschewing criminal investigations of directors, instead leaving the taxman to mop up those who have racked up large debts? That is the claim of Michael O’Maoileoin, an insolvency expert at law firm Hugh James. Analysis of the latest Insolvency Service enforcement record data from the Insolvency service shows the percentage of director disqualifications due to tax debts has jumped in recent years. The percentage was 62% in 2012/13, 52%…

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