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Portsmouth Football Club update – Peter Storrie, Chief Executive of Portsmouth Football, leaves his employment with the club

12th March, 2010

The joint administrators at UHY Hacker Young has announced this evening that Mr Storrie, the Chief Executive of Portsmouth City Football Club, has after talks with his family and friends decided it is in the best interest of the club for him to leave his full time employment.

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The Liechtenstein Disclosure Facility - an offer too good to refuse?

9th March, 2010

LDF was announced by HMRC shortly after the New Disclosure Opportunity - anyone with offshore liabilities to disclose will be welcomed with open arms by the Revenue who have publicly stated that this is an opportunity with no traps.

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Statement from Andrew Andronikou, Partner at UHY Hacker Young, on the administration of Portsmouth Football Club

26th February, 2010

Statement from Andrew Andronikou, Partner at UHY Hacker Young, on the administration of Portsmouth Football Club.

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Cost of listing on AIM continues to rise despite sharp fall in number of IPOs

26th February, 2010

The cost of listing on the AIM stock market continued to increase over the last year* to reach an average of 7.24% of all funds raised, up from 7% in the previous 12 months, reveals research from national accountancy firm UHY Hacker Young.

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HMRC’s own research suggests aggressiveness in tax investigations is unjustified

2nd February, 2010

New research commissioned by HM Revenue & Customs found that just 4% of taxpayers are likely to be deliberate tax dodgers whist the vast majority (83%) of those who are aware of their tax obligations are willing to comply.

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Delays in Corporation Tax repayments adds to cashflow burden of recession-hit businesses

25th January, 2010

Cash-strapped businesses are waiting twice as long for repayments of Corporation Tax from HM Revenue & Customs (HMRC) as they were a year ago, leaving many facing severe cashflow problems, says UHY Hacker Young, the national accountancy group.

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HMRC’s ‘get tough’ policy sees appeals to tax tribunals jump 14% in past year

13th January, 2010

Latest data shows that tougher tax collecting tactics and penalties imposed by HM Revenue & Customs (HMRC) have contributed to a 14% increase in appeals to tax tribunals in 2008 by taxpayers claiming to be overtaxed or unfairly punished, says UHY Hacker Young, the national accountancy group.

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HMRC is still the number one creditor petitioning to wind up companies

11th January, 2010

Despite the ‘time to pay’ scheme in place, HM Revenue & Customs (HMRC) continues to be the number one creditor to request the winding up of companies to recover debts owed to it, shows research* from UHY Hacker Young, the national accounting group.

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Offshore bank accounts – what now?

8th January, 2010

With the deadline for registering under HM Revenue & Customs’ latest “amnesty” now passed, what are the options if you have failed to declare a tax liability connected with an offshore bank account?

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AIM delistings increase again

4th January, 2010

The number of companies delisting from AIM has risen in Q4 09 to 73 companies from 63 in the previous quarter reveals research from Trowers & Hamlins LLP, the City law firm, and UHY Hacker Young, the leading accountancy group.

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