I can’t pay my VAT – what are my options?
Many businesses struggle to pay the value-added tax (VAT), which can be a significant financial burden. In some cases, the VAT can make up a large percentage of a business’s…
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VAT reverse charge for construction services March 2021
HMRC will introduce its delayed “Construction Industry reverse VAT charge” which will affect sub-contractors who supply their services to other contractors within the sector. The measure was due to commence…
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How to Close a Company Due to IR35 Reforms?
HMRC’s IR35 reforms have wide-reaching implications for contractors, these reforms are intended to stop people from using the limited company structure as a means of tax avoidance, have had a…
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Can I Liquidate a Company with a Bounce Back Loan?
Worried about whether it’s possible to liquidate your struggling business, or enter insolvency, with a Bounce Back Loan (BBLS) in place. May 2020 the Government launched a new scheme to…
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Can HMRC Chase a Dissolved Company?
Can you dissolve a company with outstanding debts owing to HMRC, and if you do, will HMRC pursue the closed company for repayment of its tax liabilities? We take a…
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What is a DS01 form for company dissolution?
There are a number of ways to close down a limited company, but which one is most appropriate will depend on the business’ financial position. Form DS01 is used to…
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Where are HMRC offices located in the UK?
It’s well known that it can be rather difficult to get into contact with HMRC; especially when trying to speak to to an individual department. They operate in multiple offices…
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What to do if you receive a winding up petition from HMRC
If you have failed to pay arrears and/or have missed payments, HMRC can apply to the courts to have your company wound up to recover debts. We look at what…
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HMRC’s Preferential Status In Insolvencies
The Government proposes, in the Finance Bill 2019/20, that VAT and PAYE/NI deductions become secondary preferential creditors in insolvencies. They are to rank after certain preferential employee claims but before…
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