25th Jan 2019 06:58
LONDON (Alliance News) - The parent of the Patisserie Valerie cafe chain is in talks with the UK taxman to get rebates on corporation tax paid on potentially non-existent profits, the Financial Times reported Thursday.
According to the newspaper, Patisserie Holdings PLC, which filed for administration on Tuesday, has paid HMRC GBP16 million in corporation tax over the past five years.
HMRC and Patisserie declined to comment on the issue, the FT reported. HMRC, however, said companies could claim overpayment relief on corporation tax within four years of paying it depending on the circumstances.
https://www.ft.com/content/fb3fd31c-1fd4-11e9-b2f7-97e4dbd3580d