I'm pretty sure Her Majesty won't simply release you - or your company for that matter - from tax debt just because you declare bankruptcy, personal or otherwis

I'm pretty sure Her Majesty won't simply release you - or your company for that matter - from tax debt just because you declare bankruptcy, personal or otherwise. Tax debts are notoriously difficult to get rid off in any other way than paying them. Maybe, payment by instalments is a possibility but otherwise you might not have too many options. Besides, this also depends on what kind of company you founded. If I remember correctly, both the director and the secretary of a private limited company for instance are personally liable for the company's tax debts as well (at least to a certain extent).