Your protection is our priorityHMRC has won a landmark victory in a tax avoidance case dubbed “the big tax case” against Rangers Football Club. Five judges unanimously backed HMRC in its lengthy dispute with the Glasgow club over its use of Employee Benefit Trusts…
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…
Doesn’t five years pass quickly? It only feels like a couple of years ago we were last at the polls voting to give David Cameron a second term. Yet here we are, once again, scouring the manifestos to see what…
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…
As part of its election manifesto, Labour has announced its intention to introduce a version of Scotland’s Debt Arrangement Scheme (DAS) into England and Wales. The DAS gives people in Scotland struggling with their debts extra breathing space to repay…
As of April 6th, 2017, significant changes have come into force to modify the ways insolvency proceedings are carried out in the England and Wales. As per the Insolvency Rules 2016 legislation, these changes are intended to both streamline and…
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…
New powers this year allow HMRC to publicise the identities of parties deemed to be promoting tax evasion. First announced in George Osbourne’s Autumn Statement, this step marks the first in a series of measures which demonstrate Osborne’s tough stance on…
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…
Some 16 years after Philip Green took over British Home Stores for £200 million, a seminal part of the British high street has gone into liquidation. Since 2012 its fortunes declined steadily, with almost 500,000 customers deserting the brand. Then, in…