Insolvency News

Why is Inflation at its Highest rate Since June 2013?

Inflation unexpectedly rose to 2.9% in May as prices increased to a four-year high, according to the Office for National Statistics (ONS). The increasing costs of ‘recreational goods’, such as games and toys, particularly computer games was one of the…

HMRC Wins £3.1 Million Tax Dispute

HM Revenue & Customs has won a £3.1 Million tax dispute against a taxpayer after a judge had ruled the Revenue service could challenge calculations that were made based on HMRC’s technical specifications. The tribunal was called after a scheme…

HMRC Employee Benefits Trust Scheme Appeal

The scheme was contested in the first tier tribunal by the HMRC, which argued that it was illegal. But, Rangers protested their innocence, saying that payments were loans that could be repaid and thus, were not taxable. The tribunal sided…

Can Bradford Rugby Club be Saved from Liquidation?

As four-time super league Champions Bradford Rugby Club enter their seventh week of administration, hopes remain that the club may be spared liquidation. After a winding up petition served in October 2016, the club chairman Marc Green made the decision to…

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