2 stories
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🇬🇧
UK
Guardian
National & Local
UK recruiter emerges from insolvency for third time, avoiding millions owed in tax
A UK recruitment company has successfully emerged from administration for the third time, accruing significant tax liabilities that remain unpaid.
Mar 7 • 13:00 UTC
🇬🇧
UK
Guardian
National & Local
Taxpayers miss out on millions after ‘phoenixism’ at UK recruitment firms
Insolvent recruitment firms are costing UK taxpayers an estimated £800 million annually due to the practice of 'phoenixism', where company directors liquidate businesses and start anew without debts.
Jan 6 • 06:00 UTC