As part of the new measures to support business continuity through the COVID-19 crisis, the Government has temporarily suspended wrongful trading laws for company directors and proposes to introduce other emergency insolvency legislation to aid...
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The owner of a Chinese takeaway in Basildon has been banned for six years after he failed to submit accurate tax returns throughout the company’s existence. Effective from 27 March 2020, Zhipeng Cao (49), from Leigh-On-Sea, Essex, is banned for 6...
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A wine merchant has been wound-up in the High Court for misleading investors in unregulated investment scheme. On 17 March 2020, Dow And Jones Limited was wound up in the public interest – the Official Receiver has been appointed as...
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The impact of COVID-19 could be devastating for many businesses. In these unprecedented times, business owners are facing a myriad of challenges – how to balance employee welfare with the needs of the business and managing cashflow when clients...
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Following widespread calls to delay the legislation, the Chancellor yesterday announced further COVID-19 measures which included a delay to the previously announced IR35 reform - delayed to April 2021. The reforms enable HMRC to collect income tax...
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Budget 2020 confirmed a number of measures affecting small business including: The date from which HMRC will regain its secondary preferential creditor status for insolvencies has been extended to 1 December 2020 (as opposed to 6 April 2020)....
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Leading UK business groups and insolvency experts yesterday advised the Government to reconsider its plans to prioritise repayments to HMRC over repayments to other creditors in insolvencies from 6 April 2020. In a joint statement distributed...
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The Insolvency Service has released company insolvency statistics for Q4 September to December 2019 for England and Wales, showing an increase in underlying company insolvencies for the year to their highest levels since 2013. Main messages from...
Read more...Did you know that we publish a regular business round-up? A regular weekly magazine reporting on the latest business and insolvency news. Sign-up below to get the headlines sent to your inbox or click here to read the latest...
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With just over two months to go until HMRC's extension of IR35 reform to the private sector in April 2020, many contractors will be concerned about whether their limited companies will continue to be profitable. The reforms enable HMRC to collect...
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