The IR35 reforms that have come into effect in the private sector represent the most significant changes to employment tax for a long time. The changes, that came into force on 6th April 2021, will transform the way that contractors and other off-payroll workers in the private sector will pay tax and operate. What is…Continue reading
Tag: Liquidation
The collapse of Thomas Cook: What is Compulsory Liquidation?
Long standing holiday firm, Thomas Cook, has ceased trading with immediate effect. This comes after the company’s failure to secure additional funding, during last minute negotiations over the weekend, sent the company into compulsory liquidation. The collapse of Thomas Cook has lead to much disruption and stress. Holidays and flights have been cancelled, leaving 150,000…Continue reading
British Steel Has Gone Into Liquidation
The UK’s second biggest steelmaker, British Steel, has gone into liquidation after failing to secure a government loan. The impact this will have is massive, with 5,000 jobs of British Steel workers in the balance. Furthermore, another 20,000 jobs in the supply chain are now uncertain too. 3,000 of these employees are based in Scunthorpe,…