BHS Crook Jailed

[saptastic]

No the jailed crook didn't pay his taxes

PG moved to Monaco so legally didn't have to pay his taxes

[Lance]

No the jailed crook didn't pay his taxes

PG moved to Monaco so legally didn't have to pay his taxes

Nah. His wife moved to Monaco and she owned all the businesses.
What would NLUK say about that?

[NowPermOutsideUK]

Nah. His wife moved to Monaco and she owned all the businesses.
What would NLUK say about that?

A very very good question escpecialy as when asked about making wife redundant was up in arms claiming gaar prevented it

I still don’t understand why this guy got jailed. He bought a business and ran it into the ground but where was the actual fraud. He was just a bad businessman.

This sets a dangerous precedent that despite ltd protection hmrc can go after you personally and that’s not good

[AtW]

Tax evasion that’s why - and not enough money to pya HMRC off

Otherwise he would have walked

[NowPermOutsideUK]

Yes but many people use vat and corp tax as Cashflow relying on future payments to make it up. Sometimes those plans don’t go as planned.

Just seems strange that a guy is jailed for bad business. After all hmrc is often an unsecured creditor like many others who get left behind being owed money

[AtW]

Yes but many people use vat and corp tax as Cashflow relying on future payments to make it up.

Pretty sure it’s a big no-no

[SueEllen]

Yes but many people use vat and corp tax as Cashflow relying on future payments to make it up. Sometimes those plans don’t go as planned.

Just seems strange that a guy is jailed for bad business. After all hmrc is often an unsecured creditor like many others who get left behind being owed money

They, you and Dominic Chappell forgot the rule that the VAT money isn't yours. You collect it on behalf of HMRC so not paying it to them is blatant stealing.

You can come to an arrangement for Corp tax.

[AtW]

Don't fook with the Outland Revenue

[SueEllen]

Don't fook with the Outland Revenue

Unless you want a rude awakening - How to manage an HMRC dawn raid

[AtW]

Unless you want a rude awakening - How to manage an HMRC dawn raid

How would one manage this -