The past 6 months have been challenging for businesses across the UK, with the Covid-19 pandemic having serious implications on the economy. The property sector has received several pieces of Government guidance throughout this period, many of which have been of benefit to commercial tenants renting their business premises.
At the end of March, the Business Secretary announced a number of measures aimed at assisting companies during these uncertain times as businesses respond to the financial difficulties caused by the pandemic.
6 April 2017 saw the introduction of new insolvency rules that might have a profound impact on the ability of creditors to nominate a Liquidator who will rigorously investigate the affairs of an insolvent company and its directors.
For SME’s in all industries, late payment for goods and services can be a real issue. Cash flow is harder to manage for small suppliers, and SME owners can often feel helpless when dealing with large customers.
Our team has recently won a major case and has become the first legal practice in the country to assist a client in reversing capital gains tax worth hundreds of thousands of pounds, on the grounds of mistake, setting a precedent in English and Welsh law.
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