Tax


HMRC updates Furlough guidance

HMRC updates Furlough guidance

HMRC has updated the Furlough guidance over the weekend with specific reference to company directors: As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme; Company directors owe duties to their company...
The Budget, HMRC and Insolvency

The Budget, HMRC and Insolvency

The Government and HMRC are continuing to seek ways to maximise tax receipts. The recent Autumn Budget contained two principal changes to the treatment of unpaid tax in an insolvency process. 1) HMRC preferential creditor status With regard to corporate insolvencies...