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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17th May 2017 As many as one in four SMEs throughout the UK are reliant to some extent on the services of ‘gig economy’ workers, according to new research on the subject.
11th May 2017 Small companies throughout the UK could be facing a “business support black hole” in the next decade if funding currently allocated to them from the European Union is not replaced after Brexit.
2nd May 2017 The number of company directors who have been banned from leading or forming businesses for five years or longer reached a six-year high during 2015/16, according to the latest figures on the subject.
27th April 2017 A major creditor to Bolton Wanderers has issued a winding up petition against the football club in relation to a £5 million loan given to the organisation last year.
26th April 2017 HM Revenue & Customs (HMRC) officers have raided the offices of two of England’s largest and best known football clubs over issues relating to suspected income tax and national insurance (NI) fraud.
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