HMRC Serves Petition for Bankruptcy on Adam Afriyie MP

 

Adam Afriyie is facing bankruptcy proceedings over unpaid taxes. Court records show a petition for bankruptcy has been filed by HMRC against the MP, 

His IT firm went into insolvency in 2017 apparently due to a £1.7million tax debt

Under parliamentary rules MPs have to stand down if they are declared bankrupt. 

A spokesperson for Afriyie says: 

“The petition arises for complex reasons related to Adam’s past business interests. 

Negotiations have been ongoing for several years and the petition is subject to legal challenge as his advisers are working towards reaching an agreement.” 

Afriyie adds: 

“I will of course pay any tax that is due.”

Tax does have to be taxing.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

• Deal with any correspondence from HMRC
• Attend any meeting with HMRC
• Appeal to the First-tier Tribunal or Upper Tribunal
• Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"