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Insights

Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.

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Donald McNaught

Donald McNaught

Restructuring Partner

Connect on LinkedIn

15 January 2017

  • Restructuring
MVL or Bust

Sole trader or limited company? Most people know the difference, but it is all too common for directors to mix their company bank account with their personal one.

Donald McNaught

Donald McNaught

Restructuring Partner

Connect on LinkedIn

11 January 2017

  • Restructuring
Company Voluntary Arrangements – an underused and underappreciated tool

A Company Voluntary Arrangement (CVA) is a formal deal between an insolvent business and its creditors (lenders), usually over three to five years, and can be a welcome rescue solution to companies experiencing financial hardship.

Donald McNaught

Donald McNaught

Restructuring Partner

Connect on LinkedIn

30 November 2016

  • Restructuring
Members’ voluntary liquidations – tax changes from 6 April 2016

Key changes to the tax treatment for individual shareholders receiving a distribution in a MVL were announced in the Finance Bill 2016 and came into effect on 6 April 2016.

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