ECONOMY
Bankruptcy for unpaid taxes could force MP to resign

A Tory MP could become bankrupt for unpaid taxes, leaving open the possibility of another by-election if he is forced to resign.

Court documents show that HMRC has filed for bankruptcy against Adam Afriyie in a dispute over his ‘past business interests’.

The 56-year-old, who has represented Windsor since 2005, could step down from his seat because any MP declared bankrupt must stand aside under parliamentary rules.

(

                                                                      © Provided by Daily Mail 

Mr Afriyie, who grew up on a council estate in south London, became an entrepreneur.

But his IT firm went into insolvency in 2017 apparently due to a £1.7million tax debt.

The Tories are already facing three by-elections, including one for the Shropshire North seat of Owen Paterson who was forced to resign in a lobbying scandal.

‘The petition arises for complex reasons related to Adam’s past business interests,’ his spokesman told The Guardian.

(

                           © Provided by Daily Mail 

‘Negotiations have been ongoing for several years and the petition is subject to legal challenge as his advisers are working towards reaching an agreement.’

Mr Afriyie said: ‘I will of course pay any tax that is due.’

Mr Afriyie set up the multi-million-pound IT firm Connect Support Services in 1993.

But the firm went into insolvency in 2017 – due to mounting up in debt with HMRC and becoming the main cause of Mr Afriyie’s bankruptcy case.

This comes as Mr Paterson, 65, resigned his North Shropshire seat following a backlash over the Tories’ plan to override the standards committee’s initial findings in Mr Paterson’s lobbying scandal.

Source: Dailymail.co.uk

About the author

Related Post

Leave a comment

Your email address will not be published. Required fields are marked *