BusinessPeople In BusinessMayBE, MayBE not

MayBE, MayBE not

‘Will BE Studios, the company slated by a High Court judge for its “grossly exaggerated” R&D tax credit claims, be able to pay the money back to HMRC?’ experts are asking. BE was paid £150,000 in R&D tax credits, erroneously, according to a High Court judge.

BE says the question is ‘academic’ since it deserved the credits ­ and can prove it if necessary.
TS’s curiosity remains active.

BE’s accounts for 2003, the latest available, reveal turnover of £30,000, payments to directors of £10,000 and profits after tax (credits) of £2,702. BE also has outstanding loans of several hundred thousand pounds.

The company’s R&D credits would have been better spent on genetically engineering a goose to lay a golden egg. We’ll leave you to make up your own mind.

Related Articles

Colin: Is the grass greener in commerce, rather than practice?

More News Colin: Is the grass greener in commerce, rather than practice?

1y Stephanie Wix, Writer
Colin: World markets are 'Trumped'

Governance Colin: World markets are 'Trumped'

1y Stephanie Wix, Writer
Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

People Business Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

2y Taking Stock
Taking stock: Accountant film trailer has little Hart but big Johnson

People Business Taking stock: Accountant film trailer has little Hart but big Johnson

2y Taking Stock
Colin: New HMRC CEO 'parachuted' in

People Business Colin: New HMRC CEO 'parachuted' in

2y Taking Stock
Taking Stock: 'Application' for top HMRC job released

People Business Taking Stock: 'Application' for top HMRC job released

2y Taking Stock
Taking Stock: Affleck looks to UK for The Accountant inspiration

People Business Taking Stock: Affleck looks to UK for The Accountant inspiration

2y Taking Stock
Colin: End of Homer's HMRC Odyssey

People Business Colin: End of Homer's HMRC Odyssey

2y Taking Stock