MLM Solutions Blog

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LITRG warns newcomers to self-assessment to budget for their first tax bill:

As the self-assessment deadline looms on January 31st January, the Low Income Tax Reform Group (LITRG) is warning newcomers to self-assessment to budget for payments on account (POA). The warning has been issued after countless first-timers found themselves in difficulty in previous years because they simply hadn’t accounted for the payments, which you must make towards the following year’s income tax (and National Insurance Contributions where appropriate). These are payable only where a tax payer has a tax bill in 2016/17 for more than £1,000.

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Fall in Number of UK ‘Zombie Businesses’

There has been a fall in the number of so-called 'zombie businesses' in the UK, according to new research by R3, the insolvency and restructuring trade body. 

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mlm Solutions Appointed Provisional Liquidator Appointed to VG Energy Limited

On Thursday 2nd November 2017 Keith Anderson of mlm Solutions was appointed as Provisional Liquidator to VG Energy Limited.

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Government to Review Pre-Pack Industry Measures

The UK Government has announced its intention to conduct an assessment of the impact of the voluntary industry measures introduced in November 2015 to improve the transparency of connected party pre-pack sales in administration

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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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