HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Thursday, 11 October 2018

HMRC's Great British Bake - Off!


Patisserie Valerie, having suspended its shares over a potential fraud, has also warned investors of an HMRC winding up petition it faces over £1.14m in unpaid tax.

HMRC said Patisserie Holding’s principal trading subsidiary, Stonebeach, owes it the money, and has set a hearing date of 31 October to seek a court order to liquidate the firm and its assets.

HMRC advertised the petition last Friday. However, rather oddly, Patisserie’s board said it has only "become aware” of it yesterday.

City AM quotes the stock market update:
The company and its advisers are in communication with HMRC with the objective of addressing the petition.


The company continues to engage with its professional advisers to understand better the financial position of the group and will make further announcements in due course.”
This does not bode well for Pat Val!

Tax does have to be taxing.

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11 comments:

  1. Sounds like a bit of a mix-up, all the ingredients for yet another half-baked idea by hmrc.
    No crumbs of comfort for those affected though, as Homer would say
    Dough!

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  2. TBF Patisserie Valerie's accountants were shafting the company, allegedly they thought they were £24m in the black, so some massive fraud going on here. So as loathed as i am to defend HMRC, and it sticks in my throat to say it, the tax bill is only part of the problem that could see the company fold.

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  3. Maybe the King Fat slob Jon Threepuds went down there and scoffed all their profits. Quite partial to a few cream cakes. Took a few of his top brass ExScum friends with him for a team building day. Mr Creasote and his wafer thin mint......

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  4. Much as I dislike HMRC, Excom and the leaders, the vitriol aimed at the current head is astonishing.
    I am aware that the MOD was not running too well and that this lot under his leadership are just as bad but death threats and derpraved namecalling, wow?

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    Replies
    1. Not it is not....i would never wish death on anyone but he does deserve the vitriol as you call it thrown at him....he and his predecessors have run roughshod over his staff especially the lower grades...and now it is his turn....he is a school ground bully.
      Ask yourself why this is happening....the feeling in the HMRC at the moment is at boiling point...people can take no more...I am not making this up....it is truly tortuous !!

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    2. At a meeting a few weeks ago, the senior HMRC staff who have been engaged in a FIVE YEAR negotiation with a major multinational were being beaten up by the CEO and CFO to explain why a deal everybody (foreign tax authoritues included) had been happy with 3 months ago was now a non runner.

      All they did was to mumble about "Governance Procedures" and look deeply miserable.

      As far as we could make out, it had gone up the food chain and a summary been served cold to beings unfamiliar with the history and complexities.

      And one or more of them had bellowed "I like it not!!!" because despite offering a large net cash gain for the UK Treasury over the coming years, a large current year offset and smaller repayment in respect of prior years would result.

      So off to Litigation it is. HMRC will lose because their original stance was based on a near complete misunderstanding of the facts and a refusal to listen.

      See you in four or five years.

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    3. HMRC...an embarrassment of a department.

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  5. HMRC are full of criminality and lawbreaking routinely covered up. Drain the swamp.

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    Replies
    1. Please stop with the Trumpisms!!

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  6. A cess pit of toadies and sycophants, i've seen it first hand, dpn't believe the bullshit they rattle off week after week about how things are just tickety boo, Brexit is going to be the bemoth as HMRC i NOT prepared , despite all that is being said, an absolute clusterfuck is on the horizon. Watch the rats flee when t goes tits up.

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    Replies
    1. Some already have...

      www.consultancy.uk/news/19013/former-hmrc-executive-chair-joins-mckinsey-as-tax-strategy-advisor

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