Companies

Restructuring & Insolvency

Image for queens income plummets ps10m due covid 19

Business | Queen’s income plummets £10m due to covid-19

The palace’s annual income, outside government funding, fell to £9.4m from £20.2m last year and the 53% loss was caused by the effects of the covid-19 pandemic according to the Crown Estate annual reports

24 Jun 2021

| Revenue Scotland must pay appellant’s costs

Revenue Scotland has agreed to pay all the court costs for Wind Energy Renewables LLP in an appeal that the courts deemed as ‘the most unusual hearing’ as the application from Revenue Scotland was for an award of expenses against itself

23 Jun 2021

Case Reports

Business | HMRC to take ‘cautious approach’ to business tax debts

Secretary of state for business Kwasi Kwarteng has confirmed that HMRC will be taking a ‘cautious approach’ on the collection of tax arrears accrued by companies during the pandemic but states that a return to the normal insolvency process is vital

23 Jun 2021

Restructuring & Insolvency

Image for insolvency service clamps down ps500k covid loan abuse

Business | Insolvency Service clamps down on £500k covid loan abuse

The Insolvency Service has wound up five different companies and disqualified a director after they collectively claimed nearly £500,000 in fraudulent covid-19 businesses support

22 Jun 2021

Image for rising premiums directors insurance raises serious concerns

Business | Rising premiums for directors’ insurance raises serious concerns

The price of insurance cover for directors is soaring as premiums have more than doubled from £22,000 to £48,000 in the last year due to the anticipated risk of company failures

22 Jun 2021

Image for end furlough could see flurry older jobseekers ifs warns

Business | End of furlough could see flurry of older jobseekers, IFS warns

There will be an increased number of older jobseekers struggling to find a job in the coming months as the government moves to wind down its furlough schemes, the Institute for Fiscal Studies (IFS) has warned

21 Jun 2021

Careers

Image for stamp presses decommissioned hmrc

Business | Stamp presses decommissioned by HMRC

HMRC has retired the stamp duty press machines bringing to an end over 300 years of tax-related history and has launched an appeal for a new home for them

21 Jun 2021

Image for ccff scheme loaned ps37bn support big businesses

Business | CCFF scheme loaned £37bn to support big businesses

The Covid Corporate Financing Facility (CCFF) scheme has lent over £37bn in its lifespan from March 2020 to 2021 to support businesses hit by the pandemic

18 Jun 2021

Image for uk small businesses struggling brexit red tape

Business | UK small businesses struggling with Brexit red tape

The UK Trade and Business Commission is calling on the government to do more to help struggling SMEs who have been hit hard by post-Brexit red tape

18 Jun 2021

Leadership & Management

Image for winding petitions ban extended three months

Business | Winding up petitions ban extended for three months

Due to the extension of lockdown measures until 19 July, the government has confirmed that restrictions on statutory demands and winding up petitions will remain for a further three months

17 Jun 2021

Image for abta calls targeted support travel industry

Business | ABTA calls for targeted support for travel industry

The travel industry is calling for targeted support to help it through the next few months as travel remains highly restricted during the busiest period of the year

17 Jun 2021

Image for over 2m hold cryptoassets risky investment warns fca

Business | Over 2m hold cryptoassets but risky investment, warns FCA

An estimated 2.3 million adults now hold cryptoassets and awareness has increased but risks are still high for investors, warns the Financial Conduct Authority (FCA), as there is no protection if a vendor goes bust

17 Jun 2021