Category: News

  Directors of insolvent companies must exercise extreme caution when re-using either the corporate or trading name of a company that has just gone into insolvent liquidation.  Directors face the risk of claims being made against them by liquidators for personal liability in respect of the debts of NewCo, and/or the prospect of criminal charges. […]

HMRC GAINS NEW POWERS WITH ACCELERATED PAYMENT NOTICES (“APN’S”) HMRC gained new powers in 2014 to issue Accelerated Payment Notices (“APN’s”) across a range of circumstances. APN’s demand an advance payment of tax even in circumstances where HMRC are continuing to investigate the question of whether the tax ought to be paid or where an […]

Disclosure of VAT Avoidance Schemes The new political reality is that HM Revenue & Customs (“HMRC”) are under increasing pressure from the Government to to maximise the ‘tax-take’ for the public purse. It used to be the case that tax-payers could legitimately arrange their tax affairs so that anything not considered to be evasion was […]

SIGNIFICANT CHANGES AFFECTING ALCOHOL TRADERS   Alcohol Traders will now have to be registered   The Government has long been concerned about fraudulent tax losses within wholesale alcohol supply chains where it is thought that the amounts lost to in-ward diversion fraud could amount to £1.5bn annually.   HMRC are about to dramatically change the […]

It has been common knowledge for some years that the UK Tax Authorities, HM Revenue & Customs (‘HMRC’) do not like a level playing field when litigating with alcohol traders or commodities associated with Missing Trader Intra Community Fraud (‘MTIC’). The traders they commonly deal with are companies, mostly incorporated under the laws of England […]

In a recent case before the High Court, Judge Simon Barker QC found favour with the Claimants, Top Brand Services Limited and Lemione Services Limited that UK Liquidator, Mrs Gagen Sharma either repay, restore, account or pay compensation to to the company of which she was a former Liquidator, namely Mama Milla Limited (In Liquidation). […]

The UK Government is becoming increasingly aggressive in its pursuit of those alleged to have evaded taxes. As part of this strategy they publish yearly ‘Most Wanted’ publications for those people outside of the UK Jurisdiction who are accused of large scale VAT, excise and alcohol frauds. Here is a link to the list for […]

In a significant Supreme Court judgment that Court has refused to accept that defendants to fraud-type claims by a company can now rely on their own wrongdoing to escape liability for the fraud. The same rule also extends to claims against third parties to any such claim. The Court ruled a liquidator can bring a […]