BOLTON Wanderers’ continuing fight to avoid administration in the High Court has been granted a further stay of execution following an adjournment until March 21.
Solicitors representing the Sky Bet Championship side appeared at the High Court on Monday to run through the plans for a buy-out of the club by a consortium led by former striker Dean Holdsworth.
Registrar Clive Jones refused a winding-up petition from HMRC, which had asked for Bolton to be wound up after over a £2.2m tax bill.
The Trotters recently announced that it had sold its training ground to Wigan Athletic.
The ATT had previously expressed concern that the legislation was overly complex and created unnecessary complications within the practical working of the new allowances
Introduced in 2013 to encourage R&D investment, the scheme allows UK businesses to pay only 10% corporation tax on profits derived from any UK or certain EU patents
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report
Mid-sized British firms are currently growing faster and generating more profit than their counterparts in Germany, France, Italy and Spain, despite uncertainty surrounding Brexit, says the report
Yet, KPMG’s annual survey shows that the UK is still an attractive place to do business, despite falling in rankings in tax competitiveness and FDI appeal