Subject to the statutory provisions with regard to assessed taxes and duties1, in general the Crown has no priority in winding up over the other unsecured creditors in respect of debts due to the Crown2. However, from 1 December 2020 HMRC is a secondary preferential unsecured creditor in respect of income tax, employee NICs and student loan repayments collected through PAYE, construction industry scheme (CIS) deductions, VAT and any penalties or interest arising from such taxes
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