Re:The candy stores of Oxford Street
by Nextgrid on Monday April 25, 2022 @08:33AM
(#31153536)
I 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.
Re:The candy stores of Oxford Street
by klelatti on Monday April 25, 2022 @08:51AM
(#31153725)
Thanks - 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!
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.