Holly Willoughby's media company given further chance to avoid being wound up
A hearing at the Insolvency and Companies Court in April heard that the firm owed £377,000 in tax, which had been reduced from an unknown amount.
The case was adjourned for 12 weeks to allow the debt to be paid.
At a hearing on Wednesday, Charlotte Cooke, for HMRC, told the court that the company was seeking to take the case to a tax tribunal, with no details given over whether the debt had been paid partially or in full.
She said: 'I understand the company has submitted an application for a late appeal to be heard.
'Our position is that that is opposed.'
She continued: 'This has gone on long enough.'
Michael Collins, representing the company, confirmed it was taking the case to a tax tribunal, but no details were given in court as to what the challenge concerned.
Mr Collins continued that the company was waiting for a date for the tribunal appeal to be heard.
Insolvency and Companies Court Judge Sally Barber adjourned the case until August 20.
Willoughby set up the company with her husband to specialise in managing media clients.
Records on Companies House indicate that she was appointed as a director of the company in 2014, and Mr Baldwin in 2008.
The presenter is best known for previously fronting ITV daytime show This Morning and Dancing On Ice.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mirror
14 hours ago
- Daily Mirror
HMRC rules could see you boost tax-free limit by £16,000
There are a number of HMRC tax breaks HMRC offers several lesser-known tax breaks that could entitle households to up to £16,000 tax-free, effectively increasing their disposable income by reducing the amount of tax they owe. These tax reliefs come with their own set of criteria and claiming methods, but none demand a hefty salary or advice from financial experts. Most of the claiming process can be done online, with comprehensive details about these schemes accessible on Some underused tax breaks include Marriage Allowance worth £1,260, Trading Allowance worth £1,000, the Rent-a-Room Scheme worth £7,500, Tax-free Childcare, worth £2,000 per child, and the Tax-free Savings Allowance worth £5,000. Laura Suter, director of personal finance at AJ Bell, told Birmingham Live: "These five simple tax tips don't require you to have a six-figure salary or a team of advisers on speed dial. They're well within reach for the average household and are fully sanctioned by HMRC, so there's no need to feel like you're gaming the system. "You can backdate any claims for up to four years, assuming you were eligible in those years, which would get you a total of £1,260, including the current year's claim. If you earn more than £1,000 from your side hustle in a tax year, you'll still benefit from the tax break, but you'll need to fill out a tax return to declare the extra income and pay any relevant tax." Marriage Allowance Marriage Allowance, also extended to civil partners, allows people to transfer as much as £1,260 of their personal allowance to their spouse. This can lead to a reduction in the annual tax bill for the household by £252. To take advantage of the Marriage Allowance scheme, one partner must be a basic rate taxpayer and the other must earn less than the personal allowance, typically £12,570 annually. It's the lower-earning partner who needs to apply for the Marriage Allowance. For those with trading income, including self-employment or renting out personal equipment, there's a chance to pocket up to £1,000 each year without paying tax on it. Suter recommends: "Just make sure you keep track of any relevant paperwork proving your income." Rent-a-Room The Rent-a-Room Scheme is another tax-efficient option, allowing you to earn up to £7,500 a year tax-free by letting out a furnished room in your house. There are no restrictions on how much of your home you can let or for how long. However, you must be a resident landlord or operate a bed and breakfast or guest house to qualify. If your property is divided into separate flats, this scheme isn't for you. Suter points out: "Be aware that if you own the property jointly with someone and split the income, you only get half the relief per person." Tax-free Childcare Tax-free Childcare is available alongside free childcare for those who are eligible for both. The scheme provides an online account for each child, and for every £8 you deposit for your childcare provider, the government will contribute £2. It can offer up to £2,000 a year per child or up to £4,000 a year if your child is disabled. There are various eligibility criteria depending on your household circumstances, which can be found on Tax-free Savings Allowance In addition to a personal allowance, workers receive a tax-free savings allowance each year, based on their earnings. If you earn £17,570 or less, you could qualify for the starting rate, which allows you to earn up to £5,000 in interest before having to pay tax on it. This allowance gradually decreases as your income rises. Individuals earning £125,140 or more per year won't be eligible for any personal savings allowance. Suter offered an additional tip for this tax break: "This trick is particularly handy for couples where one has a low income, but as a household, they have a decent amount in savings. If you transfer the bulk of the savings to the lower-earning half of the couple, you can maximise the tax-free limit."
The Sun
20 hours ago
- The Sun
Sheffield Wednesday owner owes MILLIONS in football debts that will have to be paid by whoever buys club
SHEFFIELD WEDNESDAY owner Dejphon Chansiri owes more than £4million in football debts — which will have to be paid by whoever buys the club. The extent of the cash woes has emerged during takeover bids by several groups in recent weeks. 3 The Owls are already under embargo for missing pay days for players and failing to settle transfer bills. But the biggest snag is the taxman, with HMRC due a huge £2.2MILLION for June and July. There seems little scope for a deal there, so the cash will have to be found or serious action could come Wednesday's way. Chansiri hopes to raise funds by selling Djeidi Gassama to Rangers and Anthony Musaba to Turkish side Samsunspor. US sports entrepreneur Tilman Fertitta, 68, has made an offer to Chansiri. The cost of the deal is being kept secret and will be subject to the usual due diligence phase. Fertitta may lodge cash to help settle some bills in the short term as the process is bound to take weeks. But he seems a far more credible candidate than many who have chased the Yorkshire club ownership. 3 3 Fertitta has a basketball team in Houston, is an ally of Donald Trump, and is seen as a leading expert in business and sport. Chansiri says he is willing to sell the club to 'the right individual, or group, to take it forward'. The club's dire financial situation is now having an impact on a sporting level after six stars reportedly handed in notices, with Chansiri refusing to inject any more cash into the coffers. While manager Danny Rohl hasn't returned to pre-season training and is seeking a way out of his contract amidst interest from other clubs.
Times
2 days ago
- Times
Housebuilders and steelmakers sound alarm over £1bn landfill tax raid
A shake-up of landfill tax that could amount to a corporate tax raid of more than £1 billion has sparked outcry from industry leaders. The Treasury is consulting on proposals to scrap exemptions and reduced rates for the tax, which is collected on the government's behalf by landfill operators. The move was one of several quietly pushed out by the Treasury in April. City sources said that some officials in Downing Street were taken by surprise as industry leaders sounded the alarm. A government source insisted that the proposals had been 'cleared by No 10 on publication in the normal way'. They added that tax policy is not cleared by government departments before publication. Landfill tax was introduced in 1996 to encourage companies to reduce waste and promote recycling. The tax rose in April and the standard levy is £126.15 a tonne, while a lower rate of £4.05 a tonne applies to less polluting materials. Certain sectors have exemptions and discounts. Of the 19.1 million tonnes of waste put into landfill in the 2024-25 fiscal year, 4.7 million tonnes were charged the standard rate, according to HM Revenue & Customs. Some 6.9 million tonnes were levied at the lower rate and 7.5 million tonnes were deemed exempt. One example of how scrapping the lower rate could affect business is the housebuilding industry. At present housebuilders pay the lower rate to dispose of topsoil. If this was scrapped it would mean that companies would face a 30-fold increase in landfill tax. If all the lower rate landfill was taxed at the higher level, this alone would add £840 million to the amount collected by the Treasury. Adding in even a fraction of the tonnage that is at present exempt would take the figure beyond £1 billion. One large housebuilder estimated that its bill could rise from single-digit millions to more than £100 million. This is 'potentially catastrophic' for housebuilders, according to senior industry sources who point out that they are helping Labour deliver on its target to build 1.5 million homes in England during this parliament. Steelmakers are also aggrieved. The proposal would mean that iron slag, a heavy non-recyclable residue, would be subject to landfill tax. Likewise, the phasing out of water discounts — where a dispensation is granted for heavy industry that mixes dust and other harmful particles with water for safer transportation — would create problems. The change would impinge especially on British Steel. The company is owned by the Chinese firm Jingye but controlled by the UK government after ministers stepped in this year to prevent the closure of the remaining blast furnaces. Bosses from the trade body UK Steel warned the Treasury that the changes 'overlook the technical and regulatory realities of steel production'. 'Increasing the cost burden on these essential and responsibly managed wastes will further damage the competitiveness of UK steelmaking, risk offshoring production, and undermine efforts to decarbonise and regenerate industrial regions, without delivering a proportionate environmental benefit,' UK Steel said. It added: 'These proposals run counter to the forthcoming steel strategy which aims to provide a competitive, streamlined business environment for the UK steel industry. The outlined changes simply come across as a straightforward revenue-raising measure with little heed paid to the impact … this will have on our industry and other key sectors of the economy.' The timing of the proposal is particularly bad because, despite hopes of a trade deal with the US, British steelmakers could face a 50 per cent tariff imposed by Donald Trump on exports to America. The Treasury said: 'The consultation on landfill tax reform is still open, no decisions have been made. We are committed to working with businesses to understand the impacts of the proposals.'
