Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

R3 slams UK government’s tax priority “cash grab”

By Declan Bush

15 July 2019

UK restructuring trade group R3 has criticised a government plan to prioritise tax debts in insolvencies, calling it a cash grab and a “threat to business rescue”.

R3 slams UK government’s tax priority “cash grab” The UK government would become a secondary preferential creditor under the changes. (Credit: iStock.com/violinconcertono3)