HMRC has recently introduced new powers that will make it easier to trace and collect the VAT generated by transactions that take place on digital marketplaces. Online VAT fraud has long been a problem for HMRC, but the new measures…
What happens when you receive your next VAT bill from HMRC and realise you simply can’t pay? At first you might think you’re experiencing a minor cash-flow problem, but before you know it, this could turn into an inability to replace…
When a company is insolvent and unable to pay its bills, the temptation is to pay the creditors who shout the loudest. If you have a supplier on the phone every other day asking why their invoice hasn’t been paid,…
The county court judgement if ignored or not paid can be used as evidence of company insolvency in that the company cannot pay its bills. The inability to pay your bills is a key indicator of company insolvency and any…
Let’s all make a belated New Year’s resolution to check everything in detail before signing company documents. The number of directors that I have spoken to regarding personal guarantees has rocketed for some reason. Some had decided to take a…
