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Vat Debt (Bankruptcies)

Volume 268: debated on Tuesday 12 December 1995

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To ask the Chancellor of the Exchequer if he will list the number of firms closed down in each year as a consequence of the actions of VAT inspectors for each year since 1979 by county. [5362]

[holding answer 11 December 1995]: Figures are not available prior to 1986 and are not available at all by county.The number of bankruptcy and winding-up orders made by the courts following petitions laid by Customs and Excise in respect of VAT debts was:

Year toBankruptcy orderswinding-up orders
31 March 19871,147938
31 March 1988778690
31 March 19891,010552
31 March 19901,0471,172
31 March 19911,3941,649
31 March 19923,0252,098
31 March 19934,0063,537
31 March 19944,9703,668
31 March 19952,2702,409