©2018 by Blythe and Co.  All Rights Reserved.

About Us

Blythe & Co is the trading name of DWB Ltd Registered Office: 41 Oldfields Road, Sutton, Surrey, SM1 2NB  Registered in England & Wales Company number 04314627

Blythe & Co was established in 1990 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

Contact Details

Please Call Nikki on:

       0208 641 6666

Or email us at: 

       david@blytheandco.com

Blythe and Co Chartered Accountants, 41 Oldfields Road, Sutton, Surrey, SM1 2NB

Insolvency Hierarchy changes 

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy.

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by making HMRC a secondary preferential creditor in respect of certain tax debts held by a business (this includes individuals and partnerships) on behalf of their customers and employees. This includes VAT, PAYE income tax and CIS deductions.

The rules will remain unchanged for taxes owed by businesses themselves, such as corporation tax and employer National Insurance contributions.

In addition, directors and other persons connected to companies subject to an insolvency procedure will be made jointly and severally liable for amounts payable to HMRC by the company in certain circumstances. This will apply mainly in cases where the company has engaged in avoidance, evasion or 'phoenixism'.

Internet link: GOV.UK insolvency