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What happens to a late tax return? It’s no surprise that HMRC doesn’t take to kindly to failure to submit your tax return, or even a late tax return. Submitting your return even a day late can be met with harsh penalties, but those penalties become significantly more serious the later you leave it. In
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Company Voluntary Arrangement (CVA) Since the 2002 Enterprise Act there are two main ways of saving all or part of a company that is suffering financial difficulties. These are either Administration or a Company Voluntary Arrangement. Under a Company Voluntary Arrangement, the directors can make a proposal to the company’s creditors to allow the company
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Administration Since the 2002 Enterprise Act there are two main ways of saving all or part of a company that is suffering financial difficulties. These are either Administration or CVA. The main purposes of administration are: To rescue the company as a going concern (this describes a company that can continue operation without the threat
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STAMP DUTY LAND TAX Are you a first-time property buyer or have no idea about stamp duty land tax? This is a fact of life for any property buyer and this article will unearth everything about stamp duty and make it known to you. What is stamp duty? Stamp duty land tax (SDLT) is the
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What are the responsibilities of a Director? When you decide to incorporate your company, you may be interested in becoming a director of that company. If you do then you will take on a number of new responsibilities in your new role. Legally, the responsibilities of a director are framed in three ways. These are:
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HM Revenue and Custom (HMRC) has recently released some disturbing news about its plans to radically change the way contractors work for the public sector. Changes to Public Sector The government’s proposal aims to come into effect from April 2017 and proposes to change the way the IR35 will work for public sector engagements. In
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