Where companies are wound up by HMRC for unpaid taxes, HMRC are increasingly taking control away from the Official Receiver and appointing private insolvency firms to attempt to recover the taxes from the directors personally.

There are many circumstances where Directors can be subject to personal, misfeasance claims against them. These usually follow the formal insolvency of a company and an alleged failure to fulfil their directorial duties resulting in the tax debt.

It is very important to arrange the liquidation of the company yourself, rather than leaving HMRC with full control over who the liquidator will be. HMRC do not favour liquidators who do not chase the debt from directors personally, so it is important to appoint your own firm of liquidators which CTM can assist with.