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Simone Lowes

Simon Lowes

Partner

Julie Palmer

Julie Palmer

Regional Managing Partner

Stephen Powell

Stephen Powell

Partner

Gareth Ransley

Gareth Ransley

Associate Director

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Businesswoman calculating her finances

Julie Palmer comments on a HMRC crackdown on unpaid tax in Bloomberg

Giving her thoughts to a Bloomberg article, which leads with data obtained by BTG, Julie Palmer, managing partner and restructuring expert at BTG, has noted how HMRC chasing some of the £27.1bn in overdue tax from businesses might trigger struggling ‘zombie’ companies to fall down.

Haulage company in financial difficulty

The business was a group of haulage companies with an annual turnover of approximately £20 million and with approximately 150 employees. The core business was time critical delivery of weekly and monthly periodicals.

Businessman looking at finances

Tax on Overdrawn Director's Loan Accounts (ODLA) – What's changing?

From April 2026, the tax rules on overdrawn director's loan accounts are changing, with the section 455 tax charge increasing to 35.75% for loans made on or after 6 April 2026 for close companies.