Director liability for private company tax: directors jointly and severally liable unless no gross neglect, misfeasance, or breach.

Directors of a private company are jointly and severally liable for any tax due of the company for a tax year when recovery from the company fails, unless a director proves the non recovery cannot be attributed to his gross neglect, misfeasance or breach of duty. For this purpose, tax due includes penalty, interest, fees or any other sum payable under the Act.

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