Overdue Tax: Interest Rate Rise

Following the recent hike by the Bank of England to the base rate (to 0.75 per cent) HM Revenue and Customs have lost no time in increasing the rate of interest charged on overdue tax to 3.25 per cent. The allowance for early payment of tax remains unchanged at 0.5 per cent. The new rate[…]

Don’t Let Business Disputes Fester – Take Legal Advice Today!

Business disputes can fester without legal advice and ultimately lead to ruin. Exactly that happened in one case in which a disgruntled franchisee resorted to making allegedly libellous online statements as a misguided means of airing his grievances. The man had run an outlet for an industrial equipment company until an acrimonious contract dispute culminated[…]

Administrators of Insolvent Hotels Group See Off Shareholder Criticisms

Administrators of insolvent companies often face criticism as a consequence of holding the frequently embattled line between shareholders and creditors. That was certainly so in a High Court case concerning a troubled hotels group. Administrators had been appointed by secured creditors of the group, which owned 10 luxury hotels but had liabilities in excess of[…]