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...
Read more...
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)....
Read more...
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 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...
Read more...
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...
Read more...
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...
Read more...
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...
Read more...
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...
Read more...
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...
Read more...