Important message for businesses regarding overdue tax payments, 09 April 2020

Inland Revenue has issued an important message for businesses regarding recent legislative change on the remission of use of money interest (UOMI). The message is intended to provide clarity on the remission of UOMI and other measures available to taxpayers who are struggling to pay their tax in full and on time as a result …

COVID-19: company law changes announced, 06 April 2020

The Government is proposing amendments to the Companies Act 1993 as another lifeline in the wake of the COVID-19 outbreak. The proposals are intended to keep affected companies afloat by: • Encouraging directors to keep trading through creating a “safe harbour” from insolvency breaches if directors consider, in good faith, that any debts could probably …