THREE SIGNIFICANT PROMOTIONS AT KRE COPORATE RECOVERY
We are pleased to announce three senior promotions with effect from 1 April 2021 as we continue to strive to consolidate our position as the leading independent provider of Corporate Recovery and Restructuring Services in the Thames Valley. We have four permanent, formal appointment taking Licensed Insolvency Practitioner Directors based in our office in the centre of Reading and a…
ENTREPRENEUR’S RELIEF – A STAY OF EXECUTION?
It was widely expected that in the recent Budget the Chancellor would either remove or restrict further the reliefs available under the Capital Gains Tax (“CGT”) regime in relation to Business Asset Disposal Relief (formerly Entrepreneur’s Relief)
CONNECTED PARTY PRE-PACKNEW LEGISLATION (AGAIN)
As we enter a period of further uncertainty, with many companies having geared up with government backed funding…
BUSINESS INTERRUPTION INSURANCE (“BII”) – ROUND TWO
The UK is currently in its third national lockdown and there are thousands of businesses looking to their Business Interruption Insurance (“BII”) to help them survive.
The Calm Before The Storm?
The UK has been subject to national and local lockdowns since 23 March 2020, and the government has put in place a number of temporary measures to support businesses in these unprecedented times.
CVA’s and the Crown’s position
HMRC has just issued some helpful guidance on existing and future company voluntary arrangements (CVA’s) in the wake of the current pandemic.
IF YOU ARE CONSIDERING A COMPANY VOLUNTARY ARRANGEMENT (“CVA”) THEN THINK ABOUT IT NOW OR IT COULD BE TOO LATE
HMRC’s status as a preferential creditor was abolished in 2003 with the introduction of the Enterprise Act 2002.
BUSINESS INTERRUPTION INSURANCE (“BI”) LATEST
When on 11 March 2020 the WHO declared COVID-19 to be a pandemic, the UK government reacted between 16-23 March by putting the majority of UK businesses into lockdown.
NO EXTENSION TO THE SUSPENSION OF WRONGFUL TRADING PROVISIONS
Alongside the Chancellor’s announcement yesterday of changes to the financial support package being provided for businesses, in particular the withdrawal of the furlough scheme for employees to be replaced by perhaps the understandably less attractive Job Support Scheme
