We can all remember the Christmas day demise of City Link when administrators were called in and 3000 employees were made redundant. The directors of City Link are now facing criminal proceedings due to their failure to give sufficient notice to the business secretary about plans to make staff redundant. The Government are fed up […]

Don’t forget that the National Minimum Wage increases on 1 October. The adult rate will be £6.70 per hour The rate for 18 – 20 year olds will be £5.30 per hour The tare for 16 – 17 year olds will be £3.87 The apprentice rate will be £3.30 per hour It is worth remembering […]

Those people who have used a tax avoidance scheme will be familiar with APNs.  Disputed amounts of tax have to be paid upfront whist the dispute is being settled.  If the dispute is settled in favour of the tax payer they will receive the money back. APNs have been sent out to an estimated 33,000 […]

The amount of debt for which a person can petition for another’s bankruptcy has been increased from £750 to £5,000.  This comes into effect on 1 October 2015. This could mean that we see a lot less bankruptcy petitions brought by disgruntled creditors as it removes a threat that can be used to try and […]

Andrew Beltis, who was the director of three payroll companies, has been jailed for 2 yesars for failing to pay over £250,000 of employees’ tax and NIC and failing to pay his VAT.  He was also disqualified from being a director for 8 years. For over 3 years, Mr Beltis deducted PAYE and NIC from […]

Those people who have used a tax avoidance scheme will be familiar with APNs.  Disputed amounts of tax have to be paid upfront whist the dispute is being settled.  If the dispute is settled in favour of the tax payer they will receive the money back. However, investors in Ingenious Media film partnerships have challenged […]

Those people who have used a tax avoidance scheme will be familiar with APNs.  Disputed amounts of tax have to be paid upfront whilst the dispute is being settled.  If the dispute is settled in favour of the tax payer, they will receive the money back. APNs have been sent out to an estimated 33,000 […]

The Money Charity has reported that they believe personal debt levels will reach £2.5 trillion by 2020. Research shows that personal debt levels at the moment are at around £30k – although this does include mortgages. This prediction has prompted concerns over whether we educate people enough on money managment, particularly in schools. There is […]

The Director of a company which was to provide rare earth metals to clients has been disqualified from acting as a director for 10 years. Mr Elisha Zinyama, Director of Rare Earth Metal Exchange Limited was found to have failed to procure the metals for which payment had been made.  In addition, the company continued […]

It is sometimes difficult to get your money out of a bad debtor, even when you have a County Court Judgment (CCJ) against the debtor. However, as long as you have the details of the debtor’s employer, you can apply for an attachment of earnings.  You will complete a Court standard form and the Court […]