Companies must approach HMRC with suitable care when proposing a restructuring plan, mindful of lessons learned from recent case law. Ever since unpaid taxes due to HMRC were “crammed.
Insolvency Forecast 2024 in UK Restructuring natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Earlier this year, the English Court refused to sanction two Part 26A restructuring plans ("RPs") which sought to bind HMRC, the UK tax authority, into restructurings via "cross-class.
Business energy consultancy falls into administration energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Yesterday saw the end of a three-day sanction hearing for the restructuring plan of Great Annual Savings company, with Justice Adam Johnson reserving his judgment and importantly, his decision on whether to exercise cross-class-cram-down to sanction the Plan for a later date