Julie Palmer comments on a HMRC crackdown on unpaid tax in Bloomberg

Giving her thoughts to a Bloomberg article, which leads with data obtained by BTG, Julie Palmer, managing partner and restructuring expert at BTG, has noted how HMRC chasing some of the £27.1bn in overdue tax from businesses might trigger struggling ‘zombie’ companies to fall down.

The Bloomberg article notes that HMRC has been patient with late paying businesses in the past, but it is increasing its drive to recoup some of the £27.1bn in overdue corporation tax (£6.1bn), VAT (£12.4bn), and PAYE (£8.5bn).

Julie comments that it is well-documented that HMRC has been chasing debts and companies owing heavy debt could fall over.  Yet, this does provide some opportunities for acquisition by businesses that are performing well.