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…

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…

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…

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…

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…

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…