Virgin Media gets VAT refund from HMRC
Now owes taxman £23.6m
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Virgin Media has received a refund of £81.5m from HM Revenues and Customs (HMRC) covering VAT payments.
The telco said in a short statement that its current contingent liability had been reduced to £23.6m.
Virgin Media didn't reveal any further details about the arrangement.
In the company's last quarter ended 31 March this year it had employee taxes and VAT that stood at £122.5m, compared with £88.6m for the previous quarter.
The VAT refund will be reflected in Virgin Media's second quarter of this year. ®
COMMENTS
@Boethius = missed the plot
@Boethius = missed the plot = dimwit
"Part of the reason there's no point doing anything because you'll just lose it if you succeed."
Yeah why should all stay at home and claim benefits. Or how about we start our own companies, make millions, have an airline and other businesses and even our own island.
Tough choice! It's people like you that drag this country down - try being positive for a change.
Do you know your facts?
"It's sick that Branson doesn't own this company it's his startuo after all. Part of the reason there's no point doing anything because you'll just lose it if you succeed. Thing is the state doesn't take it for the good of us all, just people with money do. That's the people who've got money anyway. Branson came from no-where and started that company."
Had you considered maybe he chose to sell it - for millions... yeah poor old RICHard Branson. Are you trying to suggest he had not done extremely well for himself because that is how it sounds.
Poor Sir Alan Sugar as well... Britain has really poo'd on him too.
Utter drivel
> It's sick that Branson doesn't own this company it's his startuo after all.
It isn't Branson's startup and never has been.
> Part of the reason there's no point doing anything because you'll just lose it if you succeed.
That must be why Branson and other entrepreneurs own so much. You can stay at home doing nothing (except claiming benefits) if you like and leave the hard work to others.
> Thing is the state doesn't take it for the good of us all, just people with money do. That's the people who've got money anyway.
That makes no sense whatsoever. Are you saying that only the people with money take the money for the good of all?
> Branson came from no-where and started that company.
Branson started in the music industry, not the telecommunications industry. He sold Virgin Media the rights to use the name "Virgin Media" and be associated with the Virgin Group.
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