Worried about whether it’s possible to liquidate your struggling business, or enter insolvency, with a Bounce Back Loan (BBLS) in place UK companies borrow £21bn through ‘bounce back’ loans during 2020…

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…

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…

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…

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 the…