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IIRC there was a piece in a recent Private Eye that investigated one of the operators of these stores. I seem to remember that they went into administration rep
by klelatti 5y ago
IIRC there was a piece in a recent Private Eye that investigated one of the operators of these stores. I seem to remember that they went into administration repeatedly owing VAT and other taxes.
As you say little or no official follow up to deal with the issue or stop it happening again.
- Nextgrid 5y agoI just read it today and it seems like they liquidate the company before accounts are due, thus not filing any accounts and technically not "owing" anything. I don't see why they'd bother with VAT and attract more attention to themselves when they're already evading insane amounts of tax, and since they're not filing any accounts it's not like the 80k£ threshold (where VAT registration is mandatory) applies to them.
- klelatti 5y agoThanks - interesting. Is it the really the case though that a company that trades for a few months and is then liquidated doesn't owe anything? Seems like a bit of a loophole!
- deleted 5y ago[deleted]