Why is the Insolvency Service on the criminal prosecution trail? Directors beware!
This means that company directors in the UK now face increasing risk of criminal prosecution for compliance failures.
Regulatory Disputes News and Comments
Debt owed to HMRC and Winding-up Petitions – what is the best way to deal with HMRC claims?
In calendar year 2023, nearly 6,000 Winding-Up Petitions were presented to the High Court. Of these, almost 46% were presented by HMRC. That picture will continue in 2024.
Failure to Fulfil the Duties of Directors and the Criminal Law Consequences
Failure to fulfil the Duties of Directors can lead to severe Criminal Law Consequences. In this case a Director was jailed for 10 months for the sale of illegal chemicals following a Health and Safety Executive investigation.