Category Archive for : ‘Tax and Financial Planning’

Innovation – our door is open!

I’m Antony Collard, HMRC’s Director of Architecture & Innovation. The Innovation team is new and I’d like to tell you what we do and ask you to get involved too. Building in-house capacity to drive and support innovation Having been part of our digital leadership team for some time I’ve already been involved in some brilliant transformational initiatives, such as our Automation Delivery Centre, Multi-channel Digital Tax Platform and our RadLab that works with our risking teams. Even though these have been ground-breaking projects, our new...

Working together across government and beyond

Hi, I’m Azrael Grey – an analyst in HMRC’s Cyber Security Team. Last time I blogged on the HMRC digital blog I wrote about the importance of reaching out and collaborating. And, as good as my word, last week, I attended my first OneTeamGov Breakfast at Leeds City Council. OneTeamGov breakfast OneTeamGov is a UK-wide community of people working together to improve the public sector. It’s mostly civil servants, but anyone and everyone is invited. Diversity is really important as the more views that are brought to the table, the better the...

What does going into administration mean?

When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems. An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process. The administration puts in place a statutory moratorium. This is a ‘breathing space’ that frees a company from...

What is a company voluntary arrangement (CVA)?

A company voluntary arrangement (CVA) is a tool for business rescue like no other insolvency procedure which can give a viable business the chance of recovery. A CVA is a formal procedure and is a legally binding agreement between the business and its creditors. It sets out how repayments of company debt should be made to creditors and can deliver a better outcome than an administration or liquidation. Potential CVA benefits Some of the key benefits of a CVA are: all or a percentage of a company debts can be paid back, depending on...

Checking the public company record

In business, it's good to know who you're working with. It's quite easy for someone to say "I'm a company director", but how do you know you're dealing with a reputable person or company? The Companies House Service (CHS) is there for you to check all this information. Our free service was introduced in 2015 and now gets more than 2.2 billion searches each year. You can look at the details and filing history of a company, including: directors' names and service addresses accounts confirmation statement...

Choosing a company name, trading name or trade mark

We all have names we answer to. Usually we’ve had little input in choosing them as they’ve been selected for us by our parents using various methods. We may have been named after an ancestor, grandparent or maybe a family tradition. It could have been because of a current trend, royal baby or someone famous. Depending on your surname, the choice of first name can be tricky, entertaining or somewhat embarrassing. Tim Burr, Hazel Nutt, Terry Bull, Barbara Dwyer and one you’ll hear fans shout at every football ground around the country: Ann...

Helping your company to stay safe online

I recently attended an interesting talk by TARIAN, the Regional Organised Crime Unit. The subject was staying safe online which is becoming increasingly important for everyone. At home and in work, I need to use the internet for lots of transactions. Like most of us, I go online for all kinds of things such as checking my bank account, paying my utility bills or booking a holiday. Using real life examples, the talk from TARIAN was aimed at the non-technical user and was easy to understand. The message really struck home when the speaker...