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Targeted Anti-avoidance Rule (TAAR)

A distribution in a winding up made to an individual on or after 6 April 2016 will be treated as if it were a distribution where certain conditions are met.  For the rule to apply, all of the following conditions must be met: Condition A – The individual receiving the distribution had at least a […]

New Insolvency Rules

CORPORATE INSOLVENCY AND GOVERNANCE BILL The Corporate Insolvency and Governance Bill (“the bill”) contains important changes to corporate insolvency law. The Bill is designed to help companies maximise their chances of survival, protect jobs and help the economy recover in response to the Covid-19 crisis. The Bill has had its first reading in Parliament and […]

FREE BUSINESS HEALTH CLINICS

Redman Nichols Butler are very concious that many businesses may be affected by the Coronavirus, particularly the tourist trade in York. We have arranged free virtual business clinics on Monday 23 March 9.30am – 1.30pm. If you wish to chat to an insolvency professional, please call the York office on 01904 520116 to make an […]

Debt – Yorkshire’s empty pockets!

Debt – Yorkshire’s empty pockets!  The British Bankers’ Association (BBA) have reported that two postcodes in Yorkshire, HU13 (Hull) and LS17 & LS12 (Leeds) feature in the top 10 of areas suffering from high levels of personal debt.   It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, […]