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Budget 2017: Loss Relief reforms & Business Rates could increase business failures – R3

Changes to corporation tax loss relief included in the Budget Red Book could damage UK business rescue, warns insolvency and restructuring trade body R3. The 2017 Budget was a missed opportunity to amend the reforms, which were first proposed in last year’s Budget and are due to come in on the 1st of April 2017. The changes are… Read more

  1. 08/03/2017

    Budget 2017: Bankruptcy impact of new anti-avoidance tools needs considering by government – R3

    With £820m of new anti-tax avoidance measures announced in today’s Budget, Andrew Tate, president of insolvency and restructuring trade body R3, says: … Read more

  2. 02/03/2017

    Court of Appeal decision brings clarity to IVAs on PPI refunds

    A Court of Appeal decision handed down yesterday (1 March) has significant implications for thousands of personal insolvency procedures, says insolvency trade body R3. … Read more

  3. 01/03/2017

    1 in 4 British adults’ mental health affected by personal finance concerns – research

    British adults say that their personal or household finances are the most likely factor, from a list of common causes of stress and anxiety, to have a negative impact on… Read more

  4. 01/03/2017

    R3 says new Standard Financial Statement is a ‘positive development’

    Responding to the launch today (1st March) of the new Standard Financial Statement (SFS), Mark Sands, chair of R3’s personal insolvency committee, said: "The… Read more

  5. 20/02/2017

    R3 welcomes government’s pensions green paper

    In response to the publication today of the government's green paper, Security and Sustainability in Defined Benefit Pension Schemes, Andrew Tate, president of UK… Read more

  6. 16/02/2017

    R3 welcomes government’s priority for debt advice in new single advice body

    Commenting on the closure of the government consultation on the creation of a new single financial guidance body, Mark Sands, Chair of the Personal Insolvency Committee… Read more

  7. 02/02/2017

    New government guidance on late payment is 'welcome', says R3

    In response to the publication of new guidance on late payment reporting for large businesses, published by the Department for Business, Energy, and Industrial Strategy,… Read more

  8. 27/01/2017

    2016 insolvencies up from 2015 – R3 comments

    Commenting on the rising personal and corporate insolvency statistics in 2016, announced by the government this morning, Andrew Tate, president of insolvency and… Read more

  9. 25/01/2017

    R3 comments on Scottish insolvency statistics Q3 2016-17

    Commenting on the Scottish Insolvency Statistics, Q3 2016-17, provided by the Accountant in Bankruptcy (AiB), Tim Cooper, Chair of insolvency trade body R3 in Scotland… Read more

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  1. Nick Cosgrove
    Head of Communications

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    Communications Officer

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