Restoration of HMRC as a secondary preferential creditor - Pensions implications

HMRC has issued a consultation on the announcement in last year’s Budget to introduce legislation to restore HMRC’s position as a secondary preferential creditor in company insolvencies. This may impact upon pension schemes.

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Tax, Walker Morris LLP, HM Revenue and Customs (UK)
Authors:
Jo Ratcliffe , Ruth Bamforth , Claire Askew
Location:
United Kingdom
Firm:
Walker Morris LLP