Taking Stock – Quantum leap for George.

Taking Stock - Quantum leap for George.

The irony could be almost too painful to bear for the Inland Revenue. George Soros, the man who cost British taxpayers billions when he forced the UK out of the Exchange Rate Mechanism in 1992, is set to takeover ownership of the Revenue’s properties. With more than 700 buildings occupied by the Revenue and Customs at stake, the Soros owned Soros Quantum Realty is backing a bid to buy the estate from the Abbey National for #450m. Now TS believes George has already been too close for comfort to taxpayers’ money but actually owning the buildings in which all their records are held is just getting silly. Soros will have to beat Nomura and Trilliun for the deal but whoever wins the bidding will have a contract to supply offices to the taxman worth millions. Each is already thought to have spent several million in preparing for the bid. No expenses has been spared. However, reports are that the sale could save taxpayers more than #500m – an entirely new experience for George.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource