What to Expect

This webinar examines the return of HMRC preferential status from 1 December and the implications for the restructuring, insolvency and lending landscape.

A panel of experts involved in consultations with government will discuss the legislation and help insolvency practitioners prepare to advise businesses facing acute financial difficulty during the continuing pandemic.

The session considers what the return of HMRC preferential status for many taxes means in practice, how practitioners should approach restructuring and insolvency options under the latest insolvency legislation, and how to manage the competing interests of stakeholders including HMRC, secured lenders, directors, employees, landlords and unsecured creditors.

It also explores key practical questions, including whether CVAs remain viable if most assets are prioritised for HMRC, the implications of disguised remuneration following the Implement decision, deferred COVID-era VAT liabilities due by the end of March 2021, and the current position on Time to Pay arrangements.