Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Crackdown on Reckless Directors
Crackdown on Reckless Directors Following Royal Assent of Finance Bill 2019/20, the government has announced that directors and other persons involved in tax avoidance, evasion or phoenixism (a minority of directors who deliberately dodge debts by dissolving companies then starti...
A survey by the Money Advice Service has found that “UK adults are hiding more than £96 billion of debt from friends and family, with the average amount of hidden debt in the UK standing at £4,164 per person”. This can put an incredible strain on relationships and cause individuals a huge a...
HMRC issues winding-up order against Patisserie Valerie subsidiary
Café chain Patisserie Valerie has announced it has discovered "significant, and potentially fraudulent, accounting irregularities" and the existence of a winding-up petition issued against one of its subsidiaries by HMRC. The tax authority is seeking £1.14m in taxes, the company said, while it ...
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