Q1. What is Company Liquidation?
A: It is a formal insolvency appointment called ‘Creditor’s Voluntary Liquidation’ in accordance with the Insolvency Act 1986.
It is used to ‘Wind Up’ the affairs of an insolvent company which has or is likely to cease trading.
Q2. Who is a Licensed ... Views: 695
According to HMRC's website "Time To Pay” (TTP) arrangements allow them to collect outstanding taxes in a cost effective way.
HMRC state that it allows viable debtors, who cannot pay on the due date to make payment over a period that the debtor can afford.
Arrangements are tailored to the ... Views: 474
UK Insolvency Practitioners, Moorfields Corporate Recovery are warning there could be a rise in the number of personal insolvencies in 2011.
Household incomes have remained broadly static, but the basic cost of living has increased with food prices alone being over 4% higher than last year. ... Views: 632
Retailers are set to be hit hard in 2011 as a result of the increase in the standard rate of VAT from 17.5% to 20% which experts forecast will lead to a greater number of company liquidations.
The rise which came into force on 4th January 2011, will affect any VAT registered firm that buys or ... Views: 569