The UK’s national debt now exceeds £2 trillion. The ‘eat out to help out’ and furlough schemes have been hugely expensive and the Chancellor is widely expected to increase taxes in the Autumn.
Many commentators are expecting increases to Capital Gains Tax and are expecting CGT rates will be raised to the same rate as income tax.
If you are looking to place your company into a solvent liquidation, it may be advantageous to do it now before the CGT rates are potentially increased in the Autumn.
Our MVLs are from £995 + AVT + Disbursements.
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation and business health check, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines. Redman Nichols Butler covers all of North, East and West Yorkshire and Lincolnshire.