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BBCNEWS BBC News June 4, 2024 18:21:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 18:21:00

Our business correspondent, marc ashdown, has more. more questions for the post office — this time over who benefited from the mistreatment of hundreds of sub—postmasters. it seems compensation payments made to victims of the horizon it scandal were deducted from the company's profit before it paid tax, but seem to have been ignored when setting bonuses for executives. tax experts are questioning whether the company could have underpaid its tax bill, while possibly overpaying top bosses. companies pay corporation tax on their profits. you're allowed a tax deduction for legitimate expenses....

BBCNEWS BBC News June 4, 2024 14:23:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 14:23:00

Were deducted from the company's profit before it paid tax, but seem to have been ignored when setting bonuses for executives. tax experts are questioning whether the company could have underpaid its tax bill, while possibly overpaying top bosses. companies pay corporation tax on their profits — without a tax deduction for legitimate expenses. persecuting postmasters for 15 years and paying them compensation is not a legitimate expense. that means that their real tax bill is a lot higher. that means that bonuses paid to executives who are running a supposedly profitable business should be lo...

BBCNEWS BBC News June 4, 2024 19:23:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 19:23:00

Investigates whether the company underpaid as much as £100 million in corporation tax by deducting compensation payments to victims of the horizon it scandal from its profits. our business correspondent marc ashdown has more. more questions for the post office — this time over who benefited from the mistreatment of hundreds of sub—postmasters. it seems compensation payments made to victims of the horizon it scandal were deducted from the company's profits before it paid tax — but seem to have been ignored when setting bonuses for executives. tax experts are questioning whether the compa...

BBCNEWS BBC News June 4, 2024 17:19:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 17:19:00

Were deducted from the company's profit before it paid tax — but seem to have been ignored when setting bonuses for executives. tax experts are questioning whether the company could have underpaid its tax bill, while possibly overpaying top bosses. companies pay corporation tax on their profits. you're allowed a tax deduction for legitimate expenses. persecuting postmasters for 15 years and paying them compensation is not a legitimate expense. that means that their real tax bill is a lot higher. that means that bonuses paid to executives who are running a supposedly profitable business shoul...