Who gets paid first in liquidation?
| 30-11-2020Who gets paid first if your company enters an insolvent liquidation is dictated by the payment hierarchy as detailed in the Insolvency Act 1986.
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HMRC becomes a preferential creditor, again
|From December 1st, 2020, HM Revenue & Customs (HMRC) becomes a preferential creditor for the first time in nearly 20 years.
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Who are my preferential creditors?
| 27-11-2020Who are your preferential creditors? Preferential creditors are one of several types of creditors to which your company can owe monies.
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Wilson Field Add Another Licensed Insolvency Practitioner to Their Ranks
| 24-11-2020Wilson Field are pleased to bolster their ranks, with Phil Stone becoming a licensed Insolvency Practitioner.
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How could the Capital Gains Tax review affect MVLs?
| 23-11-2020A review recommended alterations to Capital Gains Tax, including a potential rise that could affect directors looking to liquidate via an MVL.
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Report suggests Capital Gains Tax review
|A report commissioned by Chancellor Rishi Sunak has suggested a review of Capital Gains Tax, with the possibility of raising it, potentially affecting MVLs.
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