Archive | Uncategorized

New Tax Rules for Members’ Voluntary Liquidations – Deadline 5th April 2016

The UK Government is concerned that the current capital distribution regime is being used as a tax avoidance measure and therefore has brought about new legislation, effective from 6th April this year, which will impact companies who are distributing funds to non-corporate shareholders using the MVL process. From 6th April 2016 a MVL process cannot be […]

Continue Reading 0

County court judgments increase 20%

The number of county court judgments (CCJs) against consumers in England and Wales has increased more than 20 per cent to over 209,000. The increase, in the first quarter of 2015 compared to a year ago, emerged in figures from the Registry Trust – a non-profit organisation that collects CCJ and high court data. There […]

Continue Reading 0

Court fees rise up to 600%

Civil court fees for money claims over £10,000 have risen to five per cent of the value of the claim. The controversial fee increase, of up to 600 per cent in some cases, affects both specified and unspecified claims. They will be capped however at £10,000 for claims of £200,000 or more. There will also […]

Continue Reading 0

How much debt are British adults managing?

The latest edition of R3’s Personal Debt Snapshot report is due to be published shortly and, besides detailing the current levels of debt, it will give an insight into spending and saving behaviours among British adults. In R3’s Christmas debt report a significant proportion of adults said they struggled to make their money last until […]

Continue Reading 0

New Office Address

We are very pleased to announce that we have moved offices to the address below with effect from 7th April 2014: The Old Brewhouse 49-51 Brewhouse Hill Wheathampstead St Albans Herts   AL4 8AN   All contact telephone numbers / email addresses remain the same. Please feel free to pop in to see our new offices […]

Continue Reading 0

CPS charges HMRC worker over bungs

A press officer for HM Revenue & Customs (HMRC) has been charged by the Crown Prosecution Service (CPS) for conspiracy to commit misconduct in public office. HMRC press officer Jonathan Hall is alleged to have received more than £17,400 from The Sun newspaper through his partner Marta Bukarewicz – for sensitive information obtained through his employment […]

Continue Reading 0

The UK’s largest coal mining company, UK Coal Operations, is reportedly seeking voluntary liquidation, putting 2,000 jobs, and the value of 6,800 workers’ pensions at risk. In order to avoid falling into insolvency, UK Coal Operations is seeking voluntary liquidation, as reported by the Financial Times. A fire at the Daw Mill Colliery in February […]

Continue Reading 0