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Home / Simons-Taxes /Administration and compliance /Part A1 Legal framework of the UK taxation system /Division A1.6 Crown privilege /Priority for payment of tax / A1.607 General rule

A1.607 General rule

Administration and compliance

A1.607 General rule

From 1 December 2020, HMRC is a secondary preferential creditor in insolvency proceedings in relation to VAT, PAYE income tax, employee NIC, student loan deductions, and construction industry scheme (CIS) deductions¹. Regulations²

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D6.503 International movement of capital—reportable transactions and events

I4.265 Lifetime transfers reported late

B6.749 ATED—property developers

B3.325 General exclusions—first-year qualifying expenditure

D1.8101 Groups of companies

B5.301 Intellectual property—overview

C2.1020 Employment-related securities options and capital gains

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E4.622 Vans—main rules

C2.108 Contingent liabilities

I8.335 Valuation on death of partner in service

E1.1435 Appealing transactions in securities counteraction notices

B8.210 Restrictions on sideways loss relief

I11.215 IHT accounts—excepted settlements

B5.101 What is 'farming' and 'market gardening'

B3.306 Meaning of plant and machinery

D6.711 Liquidation—capital gains implications

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

D6.233 Rights issue—sale of rights nil paid

C3.1706 PPR relief where there is job-related accommodation