jlp1979.bsky.social
👤 Joined on 14 November 2024
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@jlp1979.bsky.socialFrom a tax point of view it is really rare for companies to inflate their revenue as, if profitable, it makes them liable for more tax. It would be hard to characterise this as tax avoidance so I doubt HMRC are going to be that bothered
Show PostOf course Corporation tax isn't an issue, they overstated income and understated costs massively meaning they would have paid much more tax than they possibly should have. HMRC would be solely looking for tax underpayments, no way they chase City to have to then pay em back money cause they overpaid
Show PostThing is that UK gov at the very top wants to keep the emiratis sweet because they provide so much inward investment. That’s why a blind eye was turned for so long. It took a Portuguese hacker and a German newspaper to blow the lid on this.
Show PostBeen lamentable since Big Barry Davies retired tbh.
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