Chancellor increases Capital Gains Tax (CGT) on Business Asset Disposal Relief (BADR) from 6th April 2025
BADR tax advantages still available for Members Voluntary Liquidations (MVL) at the current 10% tax rate until 5th April 2025 The Chancellor did not scrap BADR in her budget on 30th October as many had predicted, but she did increase the current Capital Gains Tax rate that applies to BADR from 10% to 14% for […]
Budget October 30th 2024 – Are you selling or closing your solvent business? Don’t miss out on Business Asset Disposal Relief!
Business Asset Disposal Relief (BADR) is still available for Members’ Voluntary Liquidations. Act quickly to be sure of taking advantage of the current 10% tax rate. When business owners decide to sell or wind-up their solvent company using Members Voluntary Liquidations (MVL), they might be eligible for Business Asset Disposal Relief (formerly known as Entrepreneurs’ […]
Asset Valuations for Insolvent Companies
Asset Valuations for Insolvent Companies
How Insolvency Practitioners work with Asset Valuers to maximise creditor returns.
What are the options for closing IR35 contractor limited companies, Solvent or Insolvent? How can Insolvency Practitioners help??
What are the options for closing IR35 contractor limited companies?
What are the options for closing IR35 contractor limited companies? How can Insolvency Practitioners help?
Budget March 6th 2024 – Is the clock ticking for Business Asset Disposal Relief?
Budget March 6th 2024 – Is the clock ticking for Business Asset Disposal Relief?
Business Asset Disposal Relief (BADR) is still available for Members’ Voluntary Liquidations. Take advantage of the 10% tax rate.
HMRC to Stop Providing Tax Clearance for Members Voluntary Liquidations
HMRC to Stop Providing Tax Clearance for Members Voluntary Liquidations
This makes the decision of who to appoint as Liquidator for Members Voluntary Liquidations much more important than before
Directors with Multiple Company liquidations can find themselves with a Personal Tax liability to HMRC.
Directors with Multiple Company liquidations can find themselves with a Personal Tax liability to HMRC.
Directors who have been involved with multiple companies which have become insolvent and have a tax liability with HMRC can receive a personal ‘Joint and Several’ liability notice for payment.
Fines, prison sentences and Director Disqualification for directors who abused the Bounce Back Loan Scheme
Director Disqualification, fines and prison sentences for directors who abused the Bounce Back Loan Scheme
Licensed insolvency practitioner Antony Batty advises directors to take early, formal advice if they are struggling to repay a BBL.
Reduced energy bill support could affect 25% of small businesses
Reduced energy bill support could affect 25% of small businesses
What can affected businesses do if Insolvency looms as a result? A Members’ Voluntary Liquidation is one option. Talk to us about how to withdraw your company monies in a tax efficient way via Business Asset Disposal Relief.
The Key Autumn 2021 Budget Announcements for Businesses
The Key Autumn 2021 Budget Announcements for Businesses
Business Asset Disposal Relief was untouched and Business Rates were discounted for the sectors hardest hit by Covid-19
