On the BBC at time of typing, I was laughing at the figures involved especially where they were unpaid tax bills of £10 million. Now if you are a creditor then it sucks and can put you under but surely the exchequer can be a bit sharper than this.
Lets assume that in future all corporations with a turnover of 1/2 a million are required to have appointed a company accountant qualified and possibly licensed to operate. These company accountants could be liable in law for imprisonment if they fail to comply with corporate law regarding tax returns and companies house returns.
Perhaps this would reinforce the bankruptcy courts but would also create a level of integrity as yet unseen.
Would this have value in proposing to my local MP?
Lets assume that in future all corporations with a turnover of 1/2 a million are required to have appointed a company accountant qualified and possibly licensed to operate. These company accountants could be liable in law for imprisonment if they fail to comply with corporate law regarding tax returns and companies house returns.
Perhaps this would reinforce the bankruptcy courts but would also create a level of integrity as yet unseen.
Would this have value in proposing to my local MP?