The owners of a well-known West Country hotel
Holne Chase Hotel
near Ashburton in Devon Country have fallen victim to the credit crunch after
their bankers Clydesdale Bank and Royal Bank of Scotland put them into
The hotel owners Sebastian and Phillipa Hughes featured in a 2005 TV reality
programme called The Forgotten Farm, which showed them converting barns and
out-buildings to holiday cottages to supplement their hotel business.
administrators, are warning that, as a result of the economic slowdown the only
realistic price that can be asked for the property, which is leasehold and set
in 48 acres of Dartmoor National Park, is just £500,000, reports.
Administrator Nick O’Reilly said this meant that, once PAYE and VAT debts had
been paid off, it was unlikely suppliers to the hotel would see any return of
their money. The hotel has 20 employees and continues to trade under
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements