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Corporate Insolvency | Business Insolvency Advice Scotland

A report suggested that a major faction of the money spent by large corporate and big names weren’t declared to the HMRC. This adds up to a £100 billion that goes undetected. Corporate finance in Glasgow provides the best set of solutions for proper accounting of yearly tax. As per the report, the lesser fortunate section of the economy pays more than the rich ones. The liquidation process for companies is broadly similar north and south of the border. This is because the substantive law in both jurisdictions is based on the Insolvency Act 1986. However, important procedural differences arise as a result of the Insolvency (Scotland) Rules 1986, which regulate company liquidations in Scotland.

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