Budget;HMRC

Floating Charge Security: Chancellor’s Hidden Leak

Philip Hammond

At the end of October, the Chancellor made a number of announcements in the Autumn budget, including signalling the end to austerity.

For the restructuring profession – and lenders in particular – one of the most notable announcements was that HMRC will become a secondary preferential creditor for taxes held by companies on behalf of employees and customers (i.e...

Autumn Budget 2018: Goodbye Austerity … Hello HMRC

Last week the Chancellor made a number of announcements in the Autumn budget, including signalling the end to austerity.

For the restructuring profession one of the most notable announcements was that...