It is widely expected that the new Chancellor will hold her first Budget in mid-September 2024 or early October 2024. A key question is whether she will include any changes to Capital Gains Tax (“CGT”) in her first Budget. The Labour manifesto remained silent on this issue and the Prime Minister refused to rule out […]
Debt Relief Orders are a personal insolvency option for those with limited assets / debts in financial difficulty. The Government has recently announced the abolition of the £90 administration fee and with effect from 28 June 2024 the maximum debt threshold will increase to £50,000 and the maximum value of a motor vehicle that an […]
Former pop sensation, Liverpool and England footballer, John Barnes, can now add director disqualification on to his list of accolades. Mr Barnes has been banned from being a company director for 3.5 years after the Insolvency Service began investigations following the collapse of John Barnes Media Limited into liquidation. John Barnes Media Limited failed to […]
Katie Price (model? / minor celebrity? / insert job description here) has been declared bankrupt. As part of her bankruptcy, her Trustees made an application to court to seek the court’s permission that four websites that Price generated revenue from, including Only Fans, should be compelled to pay a percentage of her income into a […]
Trading premises: 2 Bontoft Avenue, Hull, HU5 4HF Designer, manufacturer and installer of bespoke depositors, transfer pumps, volumetric fillers, cake decorating systems, automated cake lines, multi-head depositors and bespoke food processing systems. For further information please contact the agents, Andrew Baitson info@gilbert-baitson.co.uk 01482 500500 Offers should be submitted via email by 12 noon on 26 […]
Andrew, John and the RNB Team wish you all a very Merry Christmas and a happy New Year. Our offices are open 27th – 29th December so if you do need to get in touch please feel free to give us a call!
The Christmas Elves have made an early delivery to Redman Nichols Butler. If you are in need of a “chocolate fix” prior to Christmas please drop us an email and the Elves (John or Andrew) will send some out to you…..
HMRC will shortly be informing the entire UK insolvency profession that they will no longer be giving tax clearance in solvent liquidation cases (“MVLs”). The notion of HMRC providing tax clearance in MVLs was based not on any legal or best practice obligation but rather a custom or unwritten consensus built up over time between […]
The Insolvency Service have provided a really useful information hub for directors and potential future directors on your duties and responsibilities and also identifying the risks of insolvency. The information hub is also relevant to anyone involved in running or managing an organisation such as a trustee of a charity or being involved in the […]
What is a restructuring plan ? It is a compromise or arrangement entered into by a company and its creditors. They were introduced into law at the height of the Covid-19 pandemic within the Corporate Insolvency and Governance Act 2020. Whilst it is very early days and there is as yet little case law on […]
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