Interest rate rise would mean over 18,000 extra insolvencies by 2020
Government calculations have forecast an additional 18,000 people will go insolvent by 2020 should interest rates rise just 1%.
New company car fuel rates
HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 March 2017.
What scope for corporate governance reform?
Could corporate governance in the UK be improved? If so, how? The Government is seeking opinions in its Green Paper on Corporate Governance Reform.
Moore Stephens joins Forums International as Corporate Insolvency Partner
Moore Stephens is delighted to be a Corporate Insolvency Partner of Forums International Ltd in support of their UK forums.
1,800 UK hotel companies are at risk of going bust
The advantages of the fall in the value of sterling post-Brexit may not be able to overcome the other strong headwinds the sector faces, resulting in 1,800 UK hotel companies having at least a 30% chance of going insolvent within the next three years.
Latest changes to the taxation of non-domiciled individuals
The Government recently issued the final version of the draft legislation affecting ‘non doms’, due to take effect on 6 April 2017, as a further update to the draft Finance Bill 2017. The new material mainly concerns the tax treatment of income in offshore trusts. It also updates the proposals for rebasing of offshore assets for certain individuals and for the cleansing of mixed funds by certain individuals.
Enterprise value of AIM tech businesses highest in three years
The average enterprise value of a technology company on the Alternative Investment Market at 31 December 2016 was £73.3m – a 26.4% increase from 30 June 2016. This is the highest level seen since our review started in 2014.
What happens if I don’t pay my tax on time? The 2 March deadline
Individuals who have income or gains on which the full amount of tax is not deducted at source will normally have two amounts that they should have paid by 31 January 2017.
MiFID II authorisations gateway
The FCA announced the opening of the MIFID II authorisations gateway on 30 January. It is thought that around 600 applications will be submitted over the coming months including new applications for authorisation of organised trading facilities, commodities dealers and data reporting service providers. Similary, variations of permissions and notifications from existing firms that require a change of permission or passporting rights are expected.
Mining Indaba conference
Michael Simms and Laura Pingree from our Energy & Mining team hope to see you in Cape Town for the annual Mining Indaba conference.