The former director of department store chain BHS, Dominic Chappell, has been disqualified from being a director for 10 years. The investigation into the company, which was liquidated in 2016, found that Mr Chappell wrongfully transferred over...
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With just over four 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...
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A recent ruling by Chief Insolvency and Companies Court Judge Briggs may result in company directors being pursued for millions of pounds placed into tax avoidance schemes. The judgment requires shareholders and directors of Implement Consulting...
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The former director of an Irvine-based greetings card company has been banned for six years after approving transactions that were detrimental to the company's creditors. James McAllister, formerly residing in Kilmarnock, had been the director of...
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Latest figures on company insolvencies in England and Wales, released by the Insolvency Service earlier this week, show an increase of 0.4% in the period July - September 2019, compared with April - June 2019. The latest quarterly Company...
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The former director of a property repairs and maintenance company has been disqualified for 5 years, after the company made more than 110,000 unsolicited marketing calls. Jonathon De Sousa, of Barnton, Northwich, had been director of Xternal...
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On 23rd September 2019, after 178 years in business, travel group Thomas Cook went into liquidation leaving over 150,000 UK holidaymakers stranded and needing to be repatriated, and 9,000 UK-based workers needing to apply to the Insolvency Service...
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A Restaurateur based in Glasgow, who was sole director of Cyan Restaurant, has been banned for 9 years after concealing over £130,000 in tax that was owed to HMRC. David Cowan, 53, of Glasgow, did not register the business for VAT until one year...
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There are many misconceptions amongst debtors and creditors alike on how outstanding debts can be dealt with, causing confusion, frustration and disappointment amongst all parties involved. In this article, we examine some of the 'top myths'...
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Further to the news earlier this year that Construction firms were likely to face a significant squeeze to their finances in October, with the implementation of the new Domestic Reverse Charge (DRC), HMRC has recently announced a one-year delay to...
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