In a recent development, League Two side Doncaster Rovers FC has confirmed to the BBC that they are facing a winding-up petition from His Majesty’s Revenue and Customs [HMRC]. This petition apparently arises from an unfortunate “administrative error” resulting in the late payment of taxes. HMRC do not comment about taxpayer affairs.
According to information obtained by BBC Sport, the issue stemmed from a payment that was mistakenly directed to the wrong department, leading to the petition from HMRC. However, Doncaster Rovers remains optimistic that this matter will be swiftly resolved, potentially by the end of this week. Doncaster previously had a HMRC petition reportedly issued by mistake last year.
HMRC Winding-up Petitions on the Rise in 2023
This incident sheds light on HMRC’s increasingly stringent stance towards outstanding payments by football clubs. Notably, Wigan is scheduled to appear in court on 26 July in relation to unpaid tax bills. Additionally, Derby County, under the ownership of David Clowes since last July, faced a staggering £36 million debt when he assumed control after the club’s nine-month stint in administration.
The number of registered company insolvencies in May 2023 was 2,552, 40% higher than in the same month in the previous year (1,825 in May 2022). This was higher than levels seen while the Government support measures were in place in response to the coronavirus (COVID-19) pandemic and also higher than pre-pandemic numbers. There were 189 compulsory liquidations in May 2023, 34% higher than in May 2022. Numbers of compulsory liquidations have increased from historical lows seen during the coronavirus pandemic, partly as a result of an increase in winding-up petitions presented by HMRC.
The Insolvency Service – Monthly Insolvency Statistics, published on 16 June 2023
Given the recent surge in winding-up petitions issued by HMRC, it is crucial for individuals and businesses to seek expert legal advice to navigate such challenging circumstances effectively. If you find yourself facing a winding-up petition or have concerns regarding tax obligations, consulting with a knowledgeable solicitor can provide invaluable guidance and assistance.
Specialist Legal Advice on Winding-up Petitions
We specialise in winding-up petitions and can help you navigate the complexities of such legal proceedings. Don’t hesitate to reach out to us for professional advice and support. Remember, timely legal intervention can make all the difference in safeguarding your interests and ensuring a favourable resolution. Contact us today to schedule a consultation and protect your business from the consequences of winding-up petitions issued by HMRC.
Experts in HMRC Winding-up Petition Defence
HMRC is the largest issuer of winding up petitions, and the resultant legal and financial difficulties can be overwhelming for businesses. However, our firm has a dedicated tax disputes team that specialises in addressing HMRC-related claims and navigating Time To Pay Arrangements, providing effective support to companies during difficult times.
We firmly believe that a combined approach is key to saving struggling businesses, and our tax dispute team is renowned throughout the country for their exceptional track record in this area. Led by a former HMRC Tax Barrister who also headed the National Tax teams of two of the ‘Big 4’ accountants, our team possesses the expertise and insight required to achieve optimal HMRC tax dispute outcomes for our clients.
If your business is facing HMRC-related challenges or threats of winding up orders, our HMRC Winding-up Petition Defence team is here to help. Contact us today to learn more about our tailored legal solutions and how we can assist in safeguarding your and your company’s interests.
Check Your Insolvency Case ✔
We analyse your winding-up petition prospects. We deliver strategic legal advice at your first meeting. We get optimal legal results. Want a first or second opinion on your case? Click below or call our lawyers in London on ☎ 02071830529
WARNING – OBTAIN SPECIFIC GUIDANCE & ADVICE
The information on this website is not legal advice; you should always obtain specific advice on the circumstances of your case. Our Winding-up Petition Solicitors & Barristers provide specialist legal advice based on decades of expertise. Click here or call +442071830529 to get in touch. For regulatory reasons we do not take on low value cases nor provide free legal advice, information or guidance and our team cannot answer questions from non-clients.