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Rates an administration expense?

The Trident Fashions case brought by Exeter City Council on whether business rates have to be paid in priority to an administrator's remuneration returns to the High Court in February, according to Accountancy Age. Retail insolvencies may be made more difficult if the council wins, which could lead to more out-of-court restructurings or more pre-pack business and asset sales.

 

 

Date: 23rd December, 2006
Author: Chris Laughton

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