Key facts
- London Broncos owners have paid their tax bill.
- HMRC filed a winding-up petition against London Broncos on Monday.
- A winding-up petition is a court application to force a company into compulsory liquidation over unpaid tax.
- HMRC typically issues petitions for sums above £20,000, though the minimum debt threshold is £750.
- Advertisement of a winding-up petition can freeze company bank accounts.
London Broncos owners have paid their tax bill following a winding-up petition filed by HM Revenue & Customs (HMRC) on Monday. A winding-up petition is a formal court application by HMRC to place a company into compulsory liquidation due to unpaid tax debts, representing the most severe enforcement action the tax authority can take.