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Increasing number of councils forced to step up bankruptcy actions against council tax defaulters

29 June 2015

An increasing number of local authorities are being forced to step up bankruptcy actions against council tax defaulters, with council tax debt in England rising to more than £2.5 billion, shows our research. 32% of local authorities in Great Britain used Bankruptcy Orders to recover council tax arrears last year, having risen substantially from the […]

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Privacy matters in technology

19 June 2015

Privacy and data protection is often a challenge for young, quickly growing organisations operating across multiple jurisdictions. The technology industry usually fits into all of these categories and needs to take particular care that it operates within the law when processing personal and sensitive data. Last week, the information commissioner (ICO) announced that it is […]

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Don’t get left behind on cyber security

19 June 2015

Data, information and cyber security issues seem to be reported weekly. Last week we heard about a concerted attack against parts of the US government, with up to 2.1 million government employees possibly affected. Earlier, we saw issues such as data being stolen from JP Morgan Chase and Sony Pictures Entertainment. There are even public rumours of factories and industrial […]

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Cash is King

17 June 2015

According to the April edition of the Bank of England’s ‘Trends in Lending’ report, “overall, the rate of growth in some measures of the stock of lending to UK businesses picked up in the three months to February 2015”. Whilst the annual rate of lending growth to SMEs was negative during this period, it was […]

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Branch alert: HMRC policy changes could affect partially exempt businesses

11 June 2015

Two recent European court cases could have a substantial impact on the VAT costs of partially exempt businesses with a branch structure. Branch ruling In the Crédit Lyonnais (C-388/11) case, the Court of Justice of the European Union (CJEU) considered whether a head office could, or should, take into account the activity of a branch […]

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RSVP for the Cognisant Entrepreneur’s Group launch event in Thames Valley

9 June 2015

We are delighted to invite you to the Cognisant Entrepreneurs’ Group 2015 – 2017 Launch Event at 5.30pm on Thursday 25 June at HSBC’s Green Park offices in Reading. Moore Stephens, in partnership with Telos Partners and HSBC, will be hosting the second series of The Cognisant Entrepreneurs’ Group (“Cog:ent”) on 25th June. Cog:ent is a free […]

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Bankruptcy threshold rise to hit councils’ ability to bring in tax debts

9 June 2015

Local councils and housing associations are likely to be among the hardest hit by the forthcoming hike to the minimum threshold for a creditor’s bankruptcy petition. It was announced in January that from October 2015, creditors must be owed a minimum of £5,000 before they can start bankruptcy proceedings to pursue that debt. The current […]

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New company car fuel rates

8 June 2015

HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 June 2015, here. Where an employer reimburses an employee for the cost of fuel used for business travel in a company car, if the payment is too high there is an element of profit to the employee, which […]

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Shipping faces increased exposure from failure to manage risk

4 June 2015

Our new Shipping Risk Survey revealed that levels of sound enterprise and business risk management are currently satisfactory in the shipping industry. But companies which fail to embed effective risk management procedures into their daily activities are likely to pay a high price in today’s tightly regulated and highly competitive industry. Our inaugural Shipping Risk Survey, […]

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Have you remembered the 10-year rule?

4 June 2015

Businesses that fall under the Capital Goods Scheme (CGS) may apply the rules correctly at first. But many get caught out by the need to review their position in subsequent years. “If you incur significant capital expenditure on certain kinds of costs, you become subject to the CGS,” explains Moore Stephens VAT expert Robert Facer. […]

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