Managerial liability: managers are jointly and severally liable for company tax defaults unless they disprove neglect or breach. Managers who serve during a financial year are jointly and severally liable for amounts due under the statute when those amounts cannot be recovered from the company, unless the manager proves the non-recovery was not due to any neglect, misfeasance or breach of duty; the provision prevails over contrary company law definitions and includes managing directors as defined under company law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Managerial liability: managers are jointly and severally liable for company tax defaults unless they disprove neglect or breach.
Managers who serve during a financial year are jointly and severally liable for amounts due under the statute when those amounts cannot be recovered from the company, unless the manager proves the non-recovery was not due to any neglect, misfeasance or breach of duty; the provision prevails over contrary company law definitions and includes managing directors as defined under company law.
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