by Paul Brindley | Feb 15, 2020 | Administration, Advice to Directors, Alternatives to formal insolvency, CVAs, CVLs, Upsettable Transactions
Is there a storm coming your way? The Background You may have heard about something called the Loan Charge? It’s led to big tax calls on companies and the individuals who benefitted from such loans. In fact HMRC estimated they’d collect £3 billion,...
by Paul Brindley | Jan 26, 2020 | Administration, Advice to Directors, CVLs, Director Disqualification, Ethics & Regulation, Upsettable Transactions
What duties are we talking about? Sections 171 to 175 of the Companies Act 2006, requiring a director of a company to: Section 171 – Exercise their powers for the purposes for which they were conferred. Section 172(1) – Act in the way he considers, in good...
by Paul Brindley | Jan 12, 2020 | Advice to Directors, CVLs
If you’re a director of a limited company that is going or has gone into insolvent liquidation (ie Creditors Voluntary Liquidation or Compulsory Liquidation) and you would like to continue to use the same or similar name, read this article. Why?… … because you...
by Paul Brindley | Jan 12, 2020 | Advice to Directors, CVLs
A UK tax rate on money you receive which sees you retain 90 per cent is very rare indeed. But it is possible where you sell a business by using a tax break called Entrepreneur’s Relief (‘ER’). And with the lifetime limit for ER being £10m, this can be a very valuable...
by Paul Brindley | Jan 8, 2020 | Administration, CVLs, Director Disqualification
If you are a director of a company which has entered into any type of aggressive tax scheme and your business is now struggling, you really need to read this. This is why… In late 2016, Implement Consulting Limited went into insolvent liquidation, its statement of...
