Creditors of Readie Construction Limited face a rise in losses, reaching £43.1 million, due to a 65% increase in claims.In April, Begbies Traynor’s initial estimates suggested…
In recent developments, Her Majesty’s Revenue and Customs (HMRC) has experienced a spike in employee dismissals due to gross misconduct. This trend highlights a stricter approach…
HM Revenue and Customs (HMRC) is scrutinising 791 of the UK’s largest companies for suspected tax underpayments. These investigations span sectors including banking, telecoms, and retail.The…
Understanding VAT complexities is crucial for UK businesses due to potential costly errors.Mistakes often arise from not charging VAT on non-standard supplies or transactions outside common…
Employers need to reassess their policies on tax-free childcare due to a clampdown by the UK tax authority.Incorrect claims for tax exemption on nursery fees could…
The collapse of OPX Logistics, based in Swindon, is attributed to high financial obligations and gearing.Swindon’s OPX Logistics, which had been in operation since 2017, has…
Henry Construction’s anticipated voluntary liquidation has left creditors uncertain about their financial recovery.Administrators David Hudson and Geoffrey Rowley report a possible exit to creditors’ voluntary liquidation,…
After a decade-long tussle, creditors of the On Holiday Group (OHG) are set to receive dispersed funds.The OHG faced a VAT dispute with HMRC related to…
Businesses may have wrongly claimed up to £3.5bn in furlough payments, HM Revenue and Customs believes. The UK Government has so far paid out £35.4bn through…
