New research by insolvency and restructuring trade body R3 has revealed a fall in the number of so-called ‘zombie’ businesses in the UK, and also in the number of companies reporting signs of distress.
The news that HMRC is projected to receive more inheritance tax (IHT) than initially forecast over the next five years should ring alarm bells for people with estates that are likely to be valued over the IHT threshold. IHT planning should now be a fundamental part of estate planning for everyone in this situation.
The Financial Reporting Council (FRC) has launched a consultation over proposed changes to the UK Corporate Governance Code. These changes are apparently based on the findings of the Culture Report published by the FRC in 2016.