UK’s Tax Crackdown Adds Risk for Struggling Firms and Creditors
The country’s tax collector is ramping up efforts to retrieve about £27 billion in debt
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Welcome to The Brink. We’re Edward Clark and Constantine Courcoulas, reporting from London, where we followed the UK’s ramped up effort to collect tax debt and the ramifications for struggling firms. We also have news on First Brands, Multi-Color and Casino Guichard Perrachon. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
For years, the UK’s tax collection bureau has shown patience with late payers, but they’re now getting a rude awakening as the agency ramps up efforts to claim the money it’s due.