The August issue of the Bretts Business Recovery newsletter is out now. Packed full with the latest business and insolvency news. To see a copy on-line please click here. Alternatively if you would like to receive our newsletter each month by email...
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The online Business Supermarket says there was a 13% increase in the number of winding up petitions filed by HMRC in the last year in order to close businesses and meet unpaid tax bills,. HMRC filed 3,484 winding up petitions in 2015, up from the...
Read more...When a solvent company that has ceased to trade wants to be dissolved they have different options. It could be wound up voluntarily by its members or an application made to Companies House for the Company to be struck from the Register. Both...
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...HMRC is warning people not to be caught out by bogus emails pretending to offer customers a tax rebate after seeing a surge of almost 50pc in consumers reporting being targeted by these "phishing" scams. Emails sent as part of the scam often begin...
Read more...If you do not pay your taxes HM Revenue and Customs will consider taking enforcement action as detailed below: Legally taking possession of goods (Distraint) - possession of goods for sale at public auction, Summary Proceedings in the...
Read more...A Members’ Voluntary Liquidation is a shareholder-led process, which is a tax efficient method for bringing to an end the life of a solvent company. All creditors of the Company are paid in full and the surplus thereafter is distributed to the...
Read more...Section 110 of the Insolvency Act 1986 allows a liquidator to accept shares in a new company or companies as part or full consideration for the transfer of the whole or part of the business of the company in liquidation. This process can be used...
Read more...Anecdotal evidence has suggested that HM Revenue & Customs have been adopting a hard line stance on businesses that fail to keep up with their payments to the Crown for some time now. Recent figures have seemed to confirm this. In the year...
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Will it push your client over the edge? As you will be aware, RTI reporting comes in to affect next month. No longer will you be required to submit your client’s P35 annual return once a year by 19th May. Instead, you must submit your...
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