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I think it was utterly predictable, should have let me handle the whole process for a fee.....
I think it was utterly predictable, should have let me handle the whole process for a fee.....
A fee of £17 billion ?
williams lester accountants wrote:
I think it was utterly predictable, should have let me handle the whole process for a fee.....
A fee of £17 billion ?
Now, now, Mr Williams Lester Accountants probably aren't IPs.
A fee of let's say £16.5bn
I would have undertaken the work for £1bn, and made a decent profit, whilst saving the country billions.......
I would have undertaken the work for £1bn, and made a decent profit, whilst saving the country billions.......
I have every confidence in Boris collecting all this money.
Lisa, how much would you (or your clients) pay (on average, all else being equal etc.) for an assignment of the lender's £50k claim (to chase directors under IA 1986)?
I can't see banks enforcing liquidation and pay IP fees so basically who will. There are a number of dormant companies with bounceback loans - some whom have never traded. Presumably these companies will just drift forever.
One of my clients who took a bounceback loan of 10K based on a turnover of 50K to fund another business. My client bank account was closed on the basis that the company accounts were overdue. This didn't make sense as why close a bank account when there is 10K bounceback loan My client was trading successfully and would have paid the bounceback loan off. This that mean the bank has written off the bounceback loan ?
Presumable a lot of it will end up back in the economy, boosting sales of gold plated bathrooms/steaks, new houses, speed boats and racehorses. So not a complete waste, apart from the bits that go offshore. Not the most equitable way of boosting the economy but it will provide some employment...
We also covered the story here:
https://www.accountingweb.co.uk/business/finance-strategy/bounce-back-lo...
And, prior to that, here https://www.accountingweb.co.uk/any-answers/its-official-hmrc-go-soft-on... posted a week ago
https://www.accountingweb.co.uk/any-answers/its-official-hmrc-go-soft-on...
Link did not get there
Posted... On the same line was probably the reason
Well I never knew about that particular foible of this antiquated software ... but Thanks (both for spotting and for publishing corrected URL).