Insolvency Fears If Tax Holiday Comes to Abrupt Ending
Scotland on Sunday › September 28, 2009
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Summary
THOUSANDS of companies may have been trading while insolvent as a result of lenient tax rules brought in to cushion them against the ravages of the recession.
Turnaround specialist R3 has warned that if trading conditions are still difficult when the UK Government decides to end the taxation holiday then there is a "serious risk" of more business failures.See the full content of this document
Extract
Insolvency Fears If Tax Holiday Comes to Abrupt Ending
It has prompted calls for the "Time to Pay" scheme to be extended to prevent companies from unwittingly going bust....
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