Summary
2025年9月12日，《中华人民共和国企业破产法（修订草案）》（“《破产法草案》”）公布，修订并新增多项涉税费条款。
2025年11月26日，国家税务总局发布《欠税公告办法》，自2026年3月1日起施行，其中优化不公告欠税情况的适用范围，实现与《公司法》、《企业破产法》衔接。
The Insolvency and Bankruptcy Code, 2016 (“IBC”) which came into force on December 1, 2016, marked a decisive shift in India’s approach to insolvency and its resolution.
The Court of Appeal has handed down its judgment in DG Resources Ltd v The Commissioners for His Majesty’s Revenue and Customs, a decision that clarifies how winding‑up petitions must be served, an issue with implications for the 30,000 UK businesses using the Companies House default address for receiving official mail.
Background
DG Resources Ltd owed HMRC £1.104 million.
On 11 December 2024 HMRC presented DG Resources with a winding-up petition.
The petition came before Chief ICC Judge Briggs, who made several key findings:
Bankruptcy and IRS tax debts are deeply misunderstood topics, often surrounded by confusion and anxiety.
For individuals and businesses who know very little about these issues, it’s important to start with the basics – not all tax debts are wiped out by bankruptcy, and the rules for clearing IRS debts are complex. However, bankruptcy can provide relief, or at least breathing room, for those facing insurmountable tax bills.
Here’s what you need to know, presented in practical terms for the average taxpayer.
What Is Bankruptcy?
The Insolvency Service has for many decades been the Government department responsible for the oversight of bankruptcies, compulsory insolvencies and, in more serious cases, the disqualification of individual directors.
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Winding-up proceedings are draconian and can lead to a company’s demise. For this reason the insolvency legislation stipulates that service of a winding up petition cannot take place by post, but instead must be personally delivered to a company’s registered office address.
In a significant further application of the Court of Appeal’s reasoning in Adler, Thames Water and Petrofac, the High Court declined to sanction a cross-class cram down restructuring plan proposed by Waldorf Production UK Plc.
Overview