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Blog Posts for Business Recovery & Insolvency

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HMRC on the attack!

Posted by Jerry O’Sullivan on 1/30/2013

HMRC are getting much tougher on business with arrears of tax and VAT.

Statistics show that the numbers  of distraint  on companies' assets have increased by 100% over the 12 months to April 2012.  In addition the  petitions to wind up companies have increased by over 50% during the 12 months to March 2012.

HMRC's tough line has also surfaced in the new VAT ...

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Gift cards - should customers be protected further?

Posted by Jon Mitchell on 1/30/2013

The 'default' Christmas present for many is sometimes a gift card and yes, I have been guilty of this too. However, as Insolvency Practitioners, we know that post Christmas (and following the rent quarter) is a popular time for many struggling companies to consider steps to enter an insolvency process with Administration becoming flavour of the month, following the case law of Goldacre and ...

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Time to pay, no more?

Posted by Jon Mitchell on 12/17/2012

Real Time Information (RTI)  is a new system that's being introduced by HMRC to improve the operation of Pay as You Earn (PAYE). From April 2013 employers will be required to send data about PAYE, NIC and student loans every time they pay their employees, rather than with their end of year tax return.

The effect of RTI will provide more accurate ...

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