Insolvency News 2 of 18

Toys ‘R’ Us in Need of Rescue

3,200 Jobs could be Lost if Toys ‘R’ Us Rescue Bid Fails Toys ‘R’ Us UK could be facing collapse this week unless the retailer can find £9m to pump into its pension scheme. The firm has already proposed a…

Paradise Papers: HMRC’s Biggest Dilemma

What are the Paradise Papers and who are Named in the Scandal? The leaked Paradise Papers reveal how large multinational corporations, such as Apple and Nike avoid paying taxes, and how the world’s rich and famous, including the Queen, Bono…

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…

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