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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
