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Monthly Archives: November 2017

What Happens When You Declare Bankruptcy In The UK?

Posted on by Murray & Lamb

Bankruptcy is a method of dealing with and clearing your debts. However, it should only be considered as something of a last resort due to its severe consequences. If you can’t pay back your debts and you have exhausted all other options open to you – such as debt relief orders or individual voluntary arrangements … Continue reading

Posted in Accountancy Advice, Finance | Leave a comment

What Happens When You Don’t Pay Your Taxes UK

Posted on by Murray & Lamb

Tax evasion is where an individual or corporation illegally avoids paying their due tax. Tax discrepancies can be because of miscalculations or mistakes; however, deliberate misrepresentation can also occur where the taxpayer intentionally reports their income or profit to be less than it is, reducing the apparent taxable amount. This criminal behaviour applies to all … Continue reading

Posted in Corporation Tax, Finance | Leave a comment