Written by: Keith Tully
Date: Tuesday 18th June, 2013
Many UK companies struggle with paying corporation tax every year, the above examples are those that have chosen to 'legally' avoid it. More often than not it is usually HMRC related arrears that affects a company's cash flow the most and can in many cases signify the end of a company if they become unmanageable. If your company has no funds to pay creditors or HMRC for corporation Tax/VAT or PAYE and you feel that you need a business rescue solution to resolve such issues becuase the company is viable then you may want to consider a CVA arrangement or a Pre Pack Administration deal for continuity of your business interests. Both of which has laws and regulations you have to adhere to that will involve your shareholders and creditors.
Copy and paste the code below into your site.
24th June 2016 Most analysts are predicting that the UK’s decision to leave the EU will result in a period of significant economic uncertainty for the construction sector.
24th June 2016 The owner of restaurant chain Red Hot World Buffet will be entering administration after becoming unable to pay its debts and satisfy creditors.
20th June 2016 Microsoft has been accused of avoiding UK taxes to the tune of around £100 million via deals it agreed with HM Revenue & Customs (HMRC) several years ago.
16th June 2016 More than 25 per cent of British farmers remain undecided about whether or not the UK leaving the European Union would be good for their businesses & for the country’s agricultural industry as a whole
14th June 2016 With England vs Wales kicking off at 2pm on a workday, what effect will this have on the UK economy? And how can employees and employers approach this sporting dilemma?
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.