2 September 2015: For a few years now there was an ongoing dispute between a solvent company in a Members' Voluntary Liquidation and HMRC over an Employee Benefit Trust (EBT) which was a tax avoidance scheme the company had set up following advice from tax experts. No agreement was being reached as to how much tax the company owed to HMRC. Similar to the Rangers case it was suspected that this case would go through the court motions. However, in March 2015 an APN notice was issued to the company and a settlement offer needed to be agreed by the 31 July 2015. The Liquidators and the Company with the assistance of EBT specialist signed a settlement agreement on the 30 July 2015 which prevented the solvent company tipping over into an insolvent wind up.
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We are an independent company of insolvency practitioners committed to finding the right solutions for businesses and individuals in financial difficulty