Revenue get tough with bankrupts

HMRC are taking an increasingly harsher approach to people who have been declared bankrupt; according to a report by David Prosser in The Independent.

In the last year, the Insolvency Service obtained Bankruptcy Restriction Orders (BROs) against 443 bankrupts.  That’s 21% more than last year and far more than four years ago, when only 80 BROs were issued.  Bankruptcy Restriction Orders are imposed only where the court believes reckless or dishonest behaviour by the bankrupt played a significant role in their financial collapse. HMRC’s Solicitors Office is increasingly alleging that people who consistently fail to pay their tax are neglecting their responsibilities and must face the harsher consequences.

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