A restructuring plan is a recently introduced court-supervised process that allows financially distressed companies to restructure their liabilities and reach a binding compromise with their creditors and/or shareholders. It must have approval from...
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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...
Read more...The Christa Ackroyd v HMRC tax case is a typical IR35 case and sets a precedence, as this is the first ruling under this legislation in seven years. In this case, HMRC claimed that the IR35 regulation applied and that a BBC presenter should be...
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...
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