The government has relaxed the insolvency regulations during the COVID-19 pandemic in order to give restructuring businesses time to continue trading. The changes will temporarily suspend wrongful trading provisions retrospectively…
Research published by insolvency firm R3 has suggested that two in five individuals worry about their debt levels. The research revealed that 24% of Brits are 'fairly worried' about their…
HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic. HMRC recently sent text alerts to millions of mobile users regarding COVID-19. The SMS…
Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as…
On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis. Under the scheme the government will pay self-employed…
British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and financial regulators have urged. Chancellor of the Exchequer Rishi…