VOSCAP NEWS
How to maximise your business’ tax efficiency in 2025
Discover practical strategies to enhance your small business’s tax efficiency in 2025. From maximising allowable expenses to leveraging investment allowances, this guide offers expert insights to help you minimise tax liabilities, optimise financial planning, and stay compliant with the latest regulations.
Understanding the Standalone Moratorium for UK Companies
The standalone moratorium, introduced under the Corporate Insolvency and Governance Act 2020, offers UK companies facing financial difficulties a temporary reprieve from creditor actions. This period allows businesses to assess their financial position, explore restructuring options, and implement recovery strategies without the immediate pressure of legal proceedings. Understanding the eligibility criteria, the role of the insolvency practitioner, and the obligations during the moratorium is essential for directors considering this route to safeguard their company's future.
What Does it Mean if HMRC Issues an Accelerated Payment Notice?
Receiving an Accelerated Payment Notice (APN) from HMRC can be a daunting experience for businesses and individuals alike. This article delves into the intricacies of APNs, explaining their purpose in HMRC's efforts to combat tax avoidance schemes. It outlines the conditions under which APNs are issued, the strict 90-day payment deadline, and the potential penalties for non-compliance. The piece also discusses the limited avenues available for challenging an APN and emphasizes the importance of prompt action to mitigate financial and legal repercussions. For those facing an APN, understanding these aspects is crucial to navigate the situation effectively and maintain financial stability.
Who is Liable for Product Guarantees and Warranties if a Company is Liquidated?
When a company enters liquidation, product guarantees and warranties can become a grey area for consumers and directors alike. This article explains who is liable when a company ceases trading, what options are available to customers, and the responsibilities directors may still carry. Find out how insolvency impacts post-sale obligations — and what businesses can do to prepare.
Can It Affect Me Personally if a County Court Judgment (CCJ) Is Issued Against My Company?
Facing a County Court Judgment (CCJ) against your company can be worrying for any director. While a CCJ usually doesn’t extend personal liability to directors of a limited company, there are exceptions — such as personal guarantees or wrongful trading. This article explains when personal risk arises, what directors should watch for, and practical steps to protect both company and personal assets.
Understanding HMRC Distraint Orders and Notice of Enforcement
Receiving a distraint order or notice of enforcement from HMRC can be alarming for any UK business owner. This guide explains what these enforcement actions mean, how they work, and the steps you can take to protect your business and essential assets. It also highlights the importance of seeking professional insolvency advice to manage the situation and find a practical way forward.
What is “Limited Liability” in the Context of a UK Company?
In the UK, “limited liability” is a key feature of company law that protects shareholders’ personal assets if the business faces financial trouble. This article explains how limited liability works, the different structures available (limited by shares or guarantee), and the responsibilities directors must still uphold. If your limited company is experiencing financial challenges, early advice from an insolvency practitioner is essential to protect both business and personal assets.
What Do I Do If My Business Is Suffering Due to My Own Ill Health?
When a business owner’s health deteriorates, the effects on operations and financial stability can be significant. This article explores what to do if illness or poor health is preventing you from effectively managing your company. It outlines your responsibilities as a director, the risk of wrongful trading, and how to seek practical support early — including professional insolvency advice — to protect both your wellbeing and your business.
What is an Insolvent Estate and What Happens to Bankruptcy in the Event of a Death?
What happens to a person’s debt if they die while bankrupt or insolvent? This guide explains how an insolvent estate is handled under UK law, the responsibilities of executors, and how creditors are repaid. Learn how professional advice can ease the burden during estate administration.
I Can’t Repay My Bounce Back Loan: What Are My Options?
If you took advantage of the government’s bounce back loan scheme, you may now be having to juggle loan repayments, despite ongoing restrictions on your business.
The Implications of Personal Guarantees by Directors and Why They’re a Bad Idea
Directors’ personal guarantees are a measure of security used by financial institutions and lenders to protect themselves when providing loans. Typically, directors sign personal guarantees when seeking additional funds for their business.
Is It Time to Engage an Insolvency Practitioner?
Seeking the help of a licensed insolvency practitioner (IP) may very well prove to be a prudent decision when your business is faced with financial troubles, in which case it would be wise to take action sooner rather than later.
Making Employee Redundancies: Everything You Need to Know
In response to the hit that businesses across the country took with the implementation of lockdowns to control the COVID-19 pandemic, a furlough programme was set in motion to support employers and their workers, funding companies to continue paying 80% of their employees’ wages in an attempt to minimise the amount of workers who would have to be laid off.
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ABOUT VOSCAP
Voscap’s primary objective is to save your business. Our team of experts’ knowledge in restructuring and turnaround assignments is invaluable when assessing the best option available to your needs. With experience spanning several decades, we have the skill and resources to provide viable solutions within all industry sectors. All organisations go through difficult times and we are here to help. From small to multi-million turnover businesses, we have dealt with the most complex of cases. We offer an initial free assessment in analysing your financial position and providing clear and precise advice making your experience a simple non-complicated process.