UK Bankruptcy & Irish Revenue.

[ajapale]

What is the position for Irish People seeking UK Bankruptcy where they have an outstanding tax liability with Irish Revenue?

 

[Wishes]

The TAX liability is included in the bankruptcy.

 

[Wipetheslate]

I suppose if your thinking of going bankrupt it would be prudent to reassess your whole tax history and declare any problems to revenue and make a declaration/return to create the debt ,then include any debt in your bankruptcy thus future proofing you from any tax liabilities arising from an audit.

 

[Steve Thatcher]

I suppose if your thinking of going bankrupt it would be prudent to reassess your whole tax history and declare any problems to revenue and make a declaration/return to create the debt ,then include any debt in your bankruptcy thus future proofing you from any tax liabilities arising from an audit.

That is not a bad idea, although any tax which was actual OR contingent is written off at the moment of bankruptcy.

Steve