News and Blog - Page 3

Purnells are pleased to announce that we are working with Dorchester Youth and Community Centre.

Wrongful Trading – The Ronseal Test – Does It Do What It Says On The Tin?

The Government has announced that it has commissioned an independent review of the loan charge scheme.

Chris Parkman, Licensed Insolvency Practitioner and Managing Director of Purnells, has been selected to be part of the TRI 250 for a second year in a row.

The Return of Crown Preference - On 11 July 2019

A Creditors Voluntary Liquidation is essentially an insolvent liquidation where the Company does not have the necessary funds to pay all creditors in full and the directors have decided themselves to place it into liquidation.

Continuing on from my latest series of blogs regarding HMRC and their greater powers to tackle tax avoidance a recent House of Lords Report on HMRC’s powers to tackle tax avoidance makes interesting reading.

Here at Purnells we have released our "new" Guide To Members Voluntary Liquidations...

Tax Abuse and Insolvency & What to Expect in the Future.

It always used to be the case that HMRC were a preferential creditor and as such were next in line to receive dividends after secured creditors.

This changed in 2002 under the Enterprise Act and HMRC agreed to become unsecured creditors and rank side by side with other unsecured creditors.