In February, barrister Darragh Connell, representing the trustee of Ms Price’s bankruptcies, told the Insolvency and Companies Court: “As to the second bankruptcy, the trustee’s position is that pursuant to information provided by Ms Price, the trustee has been undertaking inquiries with third parties.

When Amitabh Bachchan went bankrupt

Amitabh Bachchan launched the event management and film production company Amitabh Bachchan Corporation Ltd (ABCL) in 1996. Despite his star power, the company faced immense financial challenges due to poor business decisions. ABCL soon went bankrupt and Big B found himself in severe financial trouble. The superstar even had to sell his iconic bungalow in Juhu, Mumbai, to pay off his mounting debts. 

The Kalki 2898 AD actor opened up about his financial…

United Kingdom’s tax authority has declared Hassan Nawaz, son of PML-N President and former Prime Minister Nawaz Sharif as a tax defaulter in its updated the list of defaulters on its official website on Wednesday. 

According to details, Hassan Nawaz failed to pay £9.4 million in taxes between April 5, 2015, and April 6, 2016. 

The UK tax authority has imposed a £5.2 million penalty on the son of former prime minister. 

Legal experts suggest that despite PML-N president’s son having declared bankrupt a few months ago, authorities may still recover the penalty, as tax fraud fines are not waived under UK law. 

There has been no response from Hassan Nawaz’s legal representatives so far. 

Earlier on 18 November 2024, Hasan…

LONDON – Authorities in the United Kingdom imposed £5.2 Million penalty on Hassan Nawaz for unpaid taxes.

British government officially declared the son of former Prime Minister Nawaz Sharif and president of Pakistan Muslim League-Nawaz (PML-N), a tax defaulter. This announcement was made public on the government’s official website, listing him among individuals with outstanding tax liabilities.

The son of PML-N chief failed to pay £9.4 million in taxes during the fiscal year from April 5, 2015, to April 6, 2016. As a result, a penalty of £5.2 million has been levied against him.

UK authorities have officially named Hassan among the current deliberate tax defaulters. He is facing a tax default of £9.4 million, in addition…

Backed by an additional £2.2 million in Scottish government funding, the project provides tailored support to affected households and works with local authorities to support good practice in council tax debt collection.

The project has already been delivered in nine local authority areas, where it has helped to promote dignified and empathetic approach to debt collection and supported more than 1,600 people with advice on council tax issues. This additional funding will allow the project to be extended across the whole country.

…

Hassan Nawaz, son of former prime minister and PML-N leader Nawaz Sharif, has been declared a tax defaulter by the UK government.

According to the latest list published on the UK government’s official website, Hassan Nawaz failed to pay £9.4 million in taxes between April 5, 2015, and April 6, 2016.

British tax authorities have not only disclosed details of his outstanding tax liabilities but have also imposed a £5.2 million fine, which is mentioned on the official website.

In November last year, the London High Court of Justice declared Hassan Nawaz bankrupt after he failed to settle his tax obligations.

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LONDON: Hasan Nawaz, son of Pakistan Muslim League-Nawaz (PML-N) President and former prime minister Nawaz Sharif, has been declared a “deliberate tax defaulter” by the United Kingdom (UK) government’s Revenue and Customs (HMRC).

The UK government has updated the list of defaulters on its official website, which included Hasan’s name, declaring him a deliberate tax defaulter.

The UK government declared Hasan Nawaz “tax defaulter” as he failed to pay £9.4 million in taxes between April 5, 2015 and April…

Next week the Budget will reveal who is being taxed and who is not. In a fair society, some of the most profitable companies would be paying much more than students. But once again the budget will show that Australia collects much more from student debt repayments than the Petroleum Resource Rent Tax (PRRT).

While this is bad enough, the ATO’s most recent figures in its annual report reveals that this gap has widened: in 2023-24 the ATO collected more than four times more from student debt repayments than the PRRT.

This raises serious questions about what kind of…

The United Kingdom has declared Hassan Nawaz, son of Pakistan Muslim League-Nawaz (PML-N) President and former Prime Minister Nawaz Sharif, a tax defaulter, imposing a £5.2 million fine on him.

British authorities…

LONDON: The United Kingdom (UK) government’s Revenue and Customs (HMRC) has declared Hasan Nawaz, son of PML-N President and former prime minister Nawaz Sharif, as a “deliberate tax defaulter”.

The UK government has updated the list of defaulters on its official website, which included Hasan’s name, declaring him a deliberate tax defaulter.

The UK government declared Hasan Nawaz “tax defaulter” as he failed to pay £9.4 million in taxes between April 5, 2015 and April 6, 2016.

The UK tax authority has imposed a £5.2 million penalty on the son of former prime minister, according to the same website. The period of default is…

• Jenna Lennon was the director of Hope & Pride Limited when it went into liquidation in September 2023  

• HM Revenue and Customs (HMRC) estimated the company owed more than £300,000 in unpaid corporation tax at the time of liquidation 

• Lennon failed in her duties as a company director to preserve or maintain adequate accounting records and deliver them to the liquidator 

A Bedfordshire company director has been disqualified after failing to provide accounting records when her company went into liquidation owing an estimated £319,000 in corporation tax. 

Jenna Lennon was the sole director of Hope & Pride Limited, which was incorporated in March 2019 and described its business on Companies House as…

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says:

“The monthly increase in corporate insolvencies is driven by a rise in Compulsory Liquidations, which are at their highest level in more than five years, while the year-on-year reduction is due to a fall in Creditors’ Voluntary Liquidations (CVLs) and Administrations. Compulsory liquidations are often initiated by HM Revenue and Customs or local authorities as a measure of last resort and the increase indicates a toughening of the…