The Co-op warns that 150,000 jobs and 60,000 small shops could disappear without urgent reform of business rates. With the Autumn Budget approaching, pressure is mounting on the Government to act.
An overdrawn director’s loan account can create personal liability during liquidation. This guide explains how it’s treated, tax implications under section 455, set-off options, and steps to minimise risk before a CVL.
A Company Voluntary Arrangement (CVA) and a Time to Pay (TTP) arrangement with HMRC are both mechanisms to help a business manage debt, but they differ significantly in scope, formality, and impact.
The British Chambers of Commerce has warned that UK businesses cannot withstand further tax increases, urging Rachel Reeves to prioritise stability as confidence falls and employers delay hiring amid economic uncertainty.
A Manchester company has been shut down for acting as a front for unlicensed insolvency work, underscoring the need for businesses to use licensed professionals like Parker Walsh’s Molly Monks.
A new report warns 2,200 pubs in England and Wales could close next year, risking 12,000 jobs, unless the government extends tax relief and eases the burden of business rates.
Strike off is a low-cost route to close a UK company when fully solvent. Confirm eligibility, manage risks, notify stakeholders, settle liabilities, handle assets carefully, file DS01, and monitor Gazette notices.
HMRC has increased its compliance wage bill to £1.5bn, with further staff recruitment planned as the government targets fraud and tax evasion to secure billions in additional tax revenue.
AO World boss John Roberts warns Britain risks recession, citing inflation, rising costs, and Labour’s workers’ rights bill. Business leaders fear tax hikes and rigid regulation are undermining investment and employment.