Increasingly in our experience the HMRC are more regularly seeking to use Schedule 41 of the Finance Act 2008 to recover tax from Directors personally. The Act gives them the ability to pursue the director personally in certain circumstances. It...
Read more...The government has made an announcement that it is proposing a 3 month moratorium (see definition below) from creditor action for insolvent or near-insolvent companies. R3 has welcomed this proposal having made their own suggestions...
Read more...A CVA (Company Voluntary Arrangement) is similar to the personal IVA (individual voluntary arrangement), which allows a company with cash flow or debt problems to reach agreement with its unsecured creditors regarding repayment of all, or part of...
Read more...In our previous article we looked some of the advantages and disadvantages of the Living Wage, now we are looking at some more specific issues the Living Wage could bring to industry. The living wage will put pressure on industries where...
Read more...Understanding the Minimum & Living Wage A national minimum wage sets the minimum hourly wage rate that is acceptable in law. A national minimum wage has been law in the UK since 1999, when the adult hourly rate was set at £3.60. The...
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Thank you to all those that took part in our Brexit poll last month. We were overwhelmed with the response numbers. Despite the Brexit overload in the media people were keen to share their opinions. Our survey was designed to gauge who or what our...
Read more...The 6th of April saw the next big change in Bankruptcy Rules since the change in the required minimum debt level from £750 to £5,000 back in October last year. This latest change means when you will no longer have to go to court to apply for your...
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The Centre for Retail Research has analysed the main retail failures in the period since the recession. There are 24, with 11,056 stores affected and 127,134 employees. They range from Blacks Leisure in 2008 to Brantano in 2016. Woolworths was the...
Read more...Christopher John Etheridge, director of Staplehurst-based D&R Pike Crane Hire Ltd, has been disqualified for six years by the Department for Business, Innovation & Skills after an investigation by the Insolvency Service. The Insolvency...
Read more...Any appointed Liquidator (CVL) or Administrator is obliged to submit a report to the Secretary of State regarding the affairs of the insolvent Company and also the conduct of its directors. From 6 April 2016 the way in which insolvency...
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