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HMRC Wins Accelerated Payments Challenge

HMRC Wins Accelerated Payments Challenge

HMRC has recently announced that a challenge in the High Court to the legality of Accelerated Payment Notices has been comprehensively rejected.

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Warning For Director’s in Debt or Insolvency – Taxi Company directors Face Prison Sentence

Warning For Director’s in Debt or Insolvency – Taxi Company directors Face Prison Sentence

Two directors of a Middlesbrough taxi company have been sentenced to prison and disqualified after unlawfully transferring £150,00 from their business before it was wound up.

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Friends and Relatives Unknowingly Sign Up to Large Debts

Friends and Relatives Unknowingly Sign Up to Large Debts

Citizens Advice has warned that too many friends and relatives are being saddled with mountains of debt after unknowingly signing up to guarantee expensive loan repayments.

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HMRC Delivered Record Tax Revenues in 2014-15

HM Revenue and Customs (HMRC) recently announced that a record £517.7 billion in tax was collected in 2014-15 as a result of economic growth and the continued crackdown on tax evasion and avoidance. This is apparently an increase of £12 billion on the previous year.

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Insolvency Profession Calls for ‘Breathing Space’ from Creditor Enforcement

Insolvency Profession Calls for ‘Breathing Space’ from Creditor Enforcement

Insolvency trade body R3 has called on the UK Government to follow the example of Scotland and other countries such as Australia and Canada and introduce a ‘Breathing Space’ provision for indebted individuals in England and Wales.

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