The word 'Validation' means different things depending on its usage. The dictionary lists: 'acceptance', 'affirmation', 'authorisation', 'corroboration', endorsement, proof, 'recognition', 'verification'. In the context of insolvency (both bankruptcy and company), a validation order is a special…
A winding up petition is legal action taken by a creditor ie HM Revenue and Customs (HMRC) to force a company into closure because it cannot pay its debts. Essentially, a winding up petition is…
HMRC and Time to Pay Arrangements: What You Need to Know When facing financial difficulties, paying taxes on time can be a challenge for individuals, partnerships, and companies alike. On a discretionary basis, His Majesty's…
Sadly, no matter where we are in the economic cycle, there are businesses which find themselves in distress. Given higher interest rates, increasing costs all round, not to mention the ever-increasing tax burden, it’s not…
There’s a new government in Westminster and a “black hole” in the public finances so, HMRC might be forgiven for feeling under pressure to increase its recovery of unpaid taxes. But what is unforgivable is…
With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity. As a result, the number…
Although showing a slight improvement from March, the number of company insolvencies in April of this year was more than double the number from April 2021. This shows just how important it is to get…
