Official Statistics

Ad-hoc statistics on total new company bulk insolvencies by industry (SIC 2007) for England and Wales 2018 Q3

Total new company bulk insolvencies by industry(SIC 2007) for England and Wales, 2016-2018

• From: The Insolvency Service
• Published: 15 November 2018

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Total new company bulk insolvencies by industry(SIC 2007) for England and Wales, 2016-2018

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Details

Bulk Insolvencies IR35’ rules are intended to prevent the avoidance of tax and National Insurance Contributions (NICs) using personal service companies (PSC) and partnerships. From April 2016, following changes to the IR35 rules and/or changes in VAT flat rate, some directors of PSCs have cited these changes as the primary reason that their company’s activities have become unviable, therefore leading to liquidation. These tables present bulk insolvencies by industry. This is an adhoc release, figures in this release are consistent with those from the Insolvencies Statistics: July to September 2018 release, published on 30 October 2018

Published 15 November 2018