Insolvency News 2 of 18

At the start of this month, many UK holidaymakers were greeted with the shock news that the UK leisure carrier Monarch Travel Group had suspended flights and holidays, leaving many tourists stranded overseas. To get travellers back to the UK,…

Undoubtedly one of the biggest stories to come out of the charity sector in the last few years was the collapse of Kids Company. This came just a month after it had received a £3m government grant backed by the…

HMRC 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…

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…