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	<title>Supply My Business &#187; JLN</title>
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		<title>What does HMRC having &#8216;recovery powers&#8217; mean for Directors?</title>
		<link>https://supplymybusiness.co.uk/blog/what-does-hmrc-having-recovery-powers-mean-for-directors/</link>
		<comments>https://supplymybusiness.co.uk/blog/what-does-hmrc-having-recovery-powers-mean-for-directors/#comments</comments>
		<pubDate>Thu, 04 Aug 2022 14:26:16 +0000</pubDate>
		<dc:creator><![CDATA[Martin White]]></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[hmrc]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[JLN]]></category>
		<category><![CDATA[joint and several liability notice (JLN)]]></category>
		<category><![CDATA[Recovery]]></category>

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		<description><![CDATA[While company directors are generally protected by limited liability, recovery powers granted to HMRC in the Finance Act 2020 mean directors can face greater personal liability for tax debts held by the company in the event of insolvency&#8230; This potentially has huge ramifications for clients if they intend to utilise an insolvency procedure to deal &#8230; <a href="https://supplymybusiness.co.uk/blog/what-does-hmrc-having-recovery-powers-mean-for-directors/" class="more-link">Continue reading <span class="screen-reader-text">What does HMRC having &#8216;recovery powers&#8217; mean for Directors?</span></a>]]></description>
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