A warning has been issued that many company insolvency are sparking
investigations because of suspicions of illegal dividend payments being made.
accountancy firm Wilkins Kennedy that HM Revenue & Customs is aware of
a sharp increase in in potentially unlawful loans and distributions.
The firm said that the last eight out 10 insolvency cases taken on have led
to investigations because of alleged illegitimate actions by directors.
Wilkins Kennedy partner Keith Stevens is reported saying some owner managers
view taking an illegal loan from their companies as easier than curbing their
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states