Study Reveals Link Between Zombie Firms and Weak Banks

A new study from the Organisation for Economic Co-operation and Development (OECD) has found evidence of a link between the prevalence of “zombie firms” and weaknesses in the banking system and insolvency regimes. 

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HMRC Wins Tax Avoidance Case

HMRC has recently reported on its success in a tax avoidance case being heard at the Supreme Court, describing it as a ‘billion pound win for UK taxpayers’.

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Calls for Corporate Insolvency Reforms

The UK’s insolvency framework has apparently fallen from 13th to 14th place in the latest rankings from the World Bank, prompting calls for the UK Government to kick-start its stalled corporate insolvency reforms.
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Big Brother is watching or how HMRC can tell if you are avoiding tax

Maybe it’s just the flip side of austerity economics, but there can be no doubt that public tolerance of tax avoidance is at an historic low. HMRC has come under pressure from the government to get tough on the huge sums lost to tax avoidance and the 'black economy' and tax avoidance has become big news.

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Tax Avoidance Schemes & APNs

There has been recent widespread media coverage of aggressive tax repayment demands by HMRC. These demands have caused significant distress, with many individuals facing unexpected payment demands and resulting severe financial difficulty. Unaware that their participation in these schemes might be seen as tax avoidance, this has come as a huge blow to many – and some may never recover financially.

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