Discussion
A schedule update for Uber's appeal against the High Court decision that would otherwise have allowed HMRC to state if it had / had not assessed Uber to VAT
Now expected 9 April by video
https://twitter.com/GoodLawProject/status/12431293...
Now expected 9 April by video
https://twitter.com/GoodLawProject/status/12431293...
JPJPJP said:
It isn't a good look for an NYSE listed company worth $103 billion, audited by PwC, to be late filing a subsidiary's accounts
I strongly suspect they think they are above overseas laws....and given the lacklustre way HMRC have dealt with this, I suspect they may be proven right...
Just a month late with the filing of the accounts - marked by CH as received 29 Jan 2021
Unsurprisingly, the £6.2m profit before tax it made from its £82.5m turnover doesn't actually result in a cheque being cut to HMRC for any corporation tax. On the contrary, it creates a £132k tax credit to carry forward for future use
Unsurprisingly, the £6.2m profit before tax it made from its £82.5m turnover doesn't actually result in a cheque being cut to HMRC for any corporation tax. On the contrary, it creates a £132k tax credit to carry forward for future use
JPJPJP said:
Just a month late with the filing of the accounts - marked by CH as received 29 Jan 2021
Unsurprisingly, the £6.2m profit before tax it made from its £82.5m turnover doesn't actually result in a cheque being cut to HMRC for any corporation tax. On the contrary, it creates a £132k tax credit to carry forward for future use
Presuming they're carrying forward losses from previous years, is there any problem with that?Unsurprisingly, the £6.2m profit before tax it made from its £82.5m turnover doesn't actually result in a cheque being cut to HMRC for any corporation tax. On the contrary, it creates a £132k tax credit to carry forward for future use
RonaldMcDonaldAteMyCat said:
Presuming they're carrying forward losses from previous years, is there any problem with that?
I have no issue with there being no ct liability. Your presumption isn’t the main factor in the computation: it is mostly due to the way share based awards to staff are treated. Quite common in companies like this where the shares involved are in the parent co.
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