Recent content by Tables Force

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    COVID Counter Fraud Squad Launched

    A new government counter-fraud squad has launched investigations against those who defrauded the public during the Covid pandemic. Limitation period for Covid fraud has been extended to 12 years New enforcement unit pursues billions lost to British taxpayers during pandemic Recovery efforts...
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    New rules for company accounts

    HMRC already (should be) get the P&L. When necessary for law enforcement, I would assume they are allowed relevant info with other parties. Companies House have no way of checking that the numbers submitted to them in any way reflect reality.
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    Making Tax digital for partnerships

    Partnerships are currently exempt from MTD - HMRC Guidance
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    VAT on rent

    Then I guess not much you can do other than try and argue with them, but at the end of the day what happens if they tell you 'you don't wanna pay the VAT, the deal is off' and you have to pack up shop? Well, as you are not VAT registered the VAT is just added on to the expenses, which means...
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    VAT on rent

    This does not make sense. If you have an agreed amount to pay, that is the amount you pay. End of. If they are VAT registerd, and have opted to tax the property, the VAT should already be included in the amount you pay. That you are now requesting an invoice make no difference to their VAT...
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    Company Strike Off - Threatened legal action

    The company can apply - and the creditor will object.
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    MTD – more admin than expected?

    What 'cost of interest' are you referring to?
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    Companies will have to pay UK supplier invoices within 60 days or face fines

    The 60 day payment is only one part of what they've announced today. Amongst other things: The Small Business Commissioner (SBC) will investigate businesses suspected of poor payment practices. The SBC will have the power to fine businesses, including significant potential fines for large...
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    Insolvency Practitioners Duties Regarding Bounce Back Loan Abuse!

    Family sentenced after fraudulent Bounce Back Loan applications totalling £150,000 A family who obtained £150,000 in fraudulent Bounce Back Loans (BBL) during the Covid-19 pandemic to fund house renovations, credit card debt and school fees have been sentenced following a National Crime Agency...
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    Insolvency Practitioners Duties Regarding Bounce Back Loan Abuse!

    Printing firm boss sentenced after fraudulently obtaining second Covid loan Suspended sentence for Bounce Back Loan fraudster Prashant Jobanputra secured £100,000 across two Bounce Back Loans for his printing company when businesses were only allowed a maximum of one £50,000 loan under the...
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    Insolvency Practitioners Duties Regarding Bounce Back Loan Abuse!

    Manchester fraudster who followed friend's advice to claim maximum-value Covid loan is jailed Jail for Bounce Back Loan fraudster Fahad Sheikh falsely stated his Garage Cars 4U business had a turnover of £220,000 when applying for a £50,000 Bounce Back Loan Sheikh admitted to Insolvency Service...
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    Umbrella vs invoicing for short consulting trial?

    HMRC have been known to disregard these results if/when it suits them.
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    Closing down company

    You would need to submit your accounts to Companies House for the year that has just ended. Yes (and inform them that these are final accounts). Other option is to tell them the company was dormant for CT purposes (if it meets the definition). Once you've sorted the accounts/tax return.
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    Insolvency Practitioners Duties Regarding Bounce Back Loan Abuse!

    So here we have s/o been sentenced to 22 months for £50k (that they eventually repaid) - at the time we have the story of a £13.9m fraud, and they were sentenced to the same 22 months - but not even for the actual fraud, they were sentenced for contempt of court...
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    Insolvency Practitioners Duties Regarding Bounce Back Loan Abuse!

    Nottingham fraudster jailed after securing £50,000 Covid loan for chicken shop he sold the previous year Bounce Back Loan fraudster convicted following Insolvency Service investigations Mujeebullah Khan fraudulently obtained a £50,000 Bounce Back Loan for a Nottingham city centre chicken shop...
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