What to do if a Limited Company Cannot Pay VAT
If you are the director of a limited company that cannot pay VAT, it is important that you understand the situation you are in — what you should do first, and what options are open [...]
Can HMRC Pursue a Dissolved Company?
For any business that has been struggling for long periods of time with little to no respite on the horizon, closing may seem like the only viable option left. However, when you have a debt [...]
Can You Negotiate With HMRC?
The recent resumption of winding up petitions following the COVID-19 pandemic has left many businesses scrambling to shore up their finances. Unfortunately, some will find that they are unable to pay what they owe — [...]
What is a HMRC Time to Pay Arrangement?
Despite the new year bringing with it renewed optimism, the effect of the COVID-19 pandemic is still affecting businesses across the country every single day. The recent end of the government's furlough scheme has put [...]
What Happens When a Company Goes into Receivership?
Receivership involves the process of the appointment of a receiver who will gain control over the company and seize certain assets, sell them off, and repay debts with funds raised. While no longer as common [...]
What Constitutes a Genuine Dispute Over a Statutory Demand
Being issued a statutory demand is a stressful time for any business owner — with potential legal fees and the threat of liquidation looming, it can be difficult to know where to turn. However, understanding [...]
A Guide to Challenging a Statutory Demand
Being served a statutory demand can be a stressful situation to be put in — however, the process of challenging a statutory demand can be just as testing and complicated, especially without the required knowledge. [...]
How to Calculate Redundancy When a Company goes into Administration
A director of a company entering into administration will be faced with a number of serious issues that will need resolving in the weeks and months to come. Dealing with the contracts of employees, and [...]
The Impact of Company Voluntary Arrangement Procedures
Company voluntary arrangement procedures are a common method for struggling businesses to attempt to regain control of their finances, repay their creditors, and reposition themselves for continued success. It should be noted that with a [...]
What is the Difference Between CVA and Administration?
Company Voluntary Arrangements (CVAs) and Administration are both business recovery tools that can help a firm in financial difficulty turn around its fortunes. Their goal is to give company directors much-needed breathing space and offer [...]