There has been widespread speculation that the Chancellor will look to increase CGT rates up to 45% in his forthcoming Budget. This is despite analysis suggesting that equalising CGT rates with income tax rates would cost the Treasury £7.76 bn pa as people change their behaviour to avoid the punitive tax increase. This means that […]
The Government introduced legislation in Schedule 13 of the Finance Act 2020 which allowed HMRC, in certain circumstances, to make directors of companies jointly and severally liable for a company’s VAT, PAYE, corporation tax and certain penalties. HMRC are able to issue the notice if; If the above criteria is met, HMRC are able to […]
Under Section 121C of the Social Security Administration Act 1992, HMRC can issue a Personal Liability Notice to a director for a company’s National Insurance debts, when A recent decision at the First Tier Tribunal in Jenkins-Yates (2026) has found in favour of HMRC. Between November 2020 and August 20211, Mr Jenkins-Yates’ company, Houst Holdings […]
There is widespread speculation that the new England Political Manager, Andy Burnham, will look to make further changes to the capital gains tax regime. Measures which are being speculated on include a CGT exit tax on leaving the UK and equalising CGT rates with income tax rates. If for example, you compare a sole trader […]
HMRC allege that the tax gap is currently £14.7 bn and that small businesses represent 60% of the overall tax gap. HMRC’s consider that the risks for SME businesses are: HMRC are part way through a consultation aimed at changing the way in which transactions between directors / shareholders and their companies are reported. Changes […]
The Insolvency Service has announced a consultation on the Corporate Civil Enforcement Reforms which will fundamentally change the way in which directors are disqualified. Below is a summary of the key proposals: Mandatory disqualification on public interest winding-up The courts would be required to disqualify directors for five years if their company was wound up […]
Investigations by an administrator and liquidator….. When a company enters into a formal insolvency process, one of the office holder’s roles is to review the company’s records and identify any claims which may be brought against directors or third parties. Most IPs are now using AI to analyse transactions especially the bank statements which saves […]
J W Butler and A J Nichols as the joint liquidators of Spuds & Berries Limited are offering for sale: For further information please contact the agents: George Schofield of Garness Jones T: 01904 237863 or E: george.schofield@garnessjones.co.uk
We are seeking best and final offers for Plot J Kiln Lane Industrial Estate, Stallingborough, DN41 8DW • 429.29 sq m Industrial Site • Long leasehold premises • Offers to be submitted to the agents Sam Followfield – T: 01472 267 513 or E: sam.fallowfield@PPH-Commercial.co.uk
Urgent opportunity to purchase UK-based, Microsoft Solutions Partner Software and SaaS vendor of communication software designed to improve customer conversations and compliance. The Company’s generated approximately £2m p.a from its legacy services which include: New technologies have been developed and are at early stages of commercialisation which include: Opportunity Highlights Further information Further information please […]
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