PERMISSION TO ACT AS A DIRECTOR ONCE DISQUALIFIED Being investigated, pursued and subsequently disqualified (whether by court order or by signing a Disqualification Undertaking) can feel like the end of the world for many directors who whether for reputational, required by the industry they operate in or for tax efficiency reasons, choose to conduct their […]

The days of a director having the ability to rely upon the corporate shield of limited liability has long been weakened with some even suggesting no such shield longer exists. This is no more evident than with Personal Liability Notices (‘PLN’). THE POWERS OF HM REVENUE & CUSTOMS HM Revenue & Customs (‘HMRC’) penalty regime […]

Imagine or maybe you can relate to this scenario. Your company has ceased trading, been wound up or been placed into liquidation.  If that is not enough the Insolvency Service then knock your door and you have to relive the process all over again. However, who are the Insolvency Service? What is their role? And […]