The Post Office may have underpaid more than £100m in tax while overpaying its senior executives, according to tax experts.
Dan Neidle of Tax Policy Associates says the Post Office paid less tax by deducting payments to victims of the Horizon scandal from its profits.
This could count as a possible breach of tax law, according to experts.
This could count as a possible breach of tax law, according to experts.
It has been paying out to sub-postmasters who have had their theft convictions quashed.
Repaying the alleged shortfall to HMRC could render the Post Office technically insolvent and would involve the government stepping in to financially support it.
However as the Post Office is owned by the government, exacting financial penalties is tantamount to the government fining itself and no-one is suggesting the Post Office will cease to function.
Corporation tax is paid to the government by UK companies and foreign companies with UK offices.
It is charged on their profits – the amount of money companies make, minus their costs such as staff and raw materials.
The Post Office may have underpaid more than £100m in tax while overpaying its senior executives, according to tax experts.
This could count as a possible breach of tax law, according to experts.
Dan Neidle of Tax Policy Associates says the Post Office paid less tax by deducting payments to victims of the Horizon scandal from its profits.
It has been paying out to sub-postmasters who have had their theft convictions quashed.
This could count as a possible breach of tax law, according to experts.
This could count as a possible breach of tax law, according to experts.
It has been paying out to sub-postmasters who have had their theft convictions quashed.
Repaying the alleged shortfall to HMRC could render the Post Office technically insolvent and would involve the government stepping in to financially support it.
However as the Post Office is owned by the government, exacting financial penalties is tantamount to the government fining itself and no-one is suggesting the Post Office will cease to function.
Corporation tax is paid to the government by UK companies and foreign companies with UK offices.
It is charged on their profits – the amount of money companies make, minus their costs such as staff and raw materials.
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