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Make sure individuals and companies cannot avoid paying tax by going bankrupt

Submitted on Wednesday 16th October 2013

Published on Thursday 17th October 2013

Current status: Closed

Closed: Friday 17th October 2014

Signatures: 12

Tagged with

HMRC ~ Individuals ~ Tax ~ UK

Petition Action

Make sure individuals and companies cannot avoid paying tax by going bankrupt

Additional Information

The laws and regulations concerning UK Taxation and Bankruptcy should be amended to prevent individuals or companies from avoiding their tax liabilities by bankruptcy.

There are frequent high-profile "celebrities" with high incomes who go bankrupt, apparently because they have not put aside funds to pay their taxes. This should no longer be an option to avoid paying taxes.

A financial scheme should be set up by HMRC so that outstanding tax liabilities are a priority deduction from all future earnings of such people ,


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