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.
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23rd May 2016 Some new entrants into the UK’s market for small and medium-sized enterprise (SME) loans and credit facilities are “as bad as payday lenders” in the consumer credit sector.
17th May 2016 Small and medium-sized enterprises (SMEs) around the UK are being particularly impacted by HMRC’s clampdown on errors relating to payroll taxation.
10th May 2016 A group made up of several hundred of the world’s leading economists have called for steps to be taken by relevant authorities and law-makers to effectively end the use of tax havens around the world.
6th May 2016 The number of Scotland-registered companies entering insolvency during 2015-16 increased as compared with the prior 12 months but personal insolvency rates continued their downward trajectory.
3rd May 2016 SMEs throughout the UK are collectively missing out on millions of pounds in savings because they are not aware of tax reliefs and government allowances that could be available to them.
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