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Jan 6 • 06:00 UTC • 🇬🇧 UK • Guardian

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.

#uk #taxation #recruitment #phoenixism #hmrc
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