Director liability for unpaid private company tax makes directors jointly and severally liable unless they disprove gross neglect or breach.

Every person who was a director of a private company during the relevant tax year is jointly and severally liable for recovery of tax and related sums, unless the director proves non recovery cannot be attributed to gross neglect, misfeasance or breach of duty; "tax due" includes penalty, interest, fees and other sums payable under the Act. A transitional exception limits this rule on conversion to a public company for specified earlier tax years.

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