TaxAdministrationRussian taxman swoops on TNK-BP books

Russian taxman swoops on TNK-BP books

Russian tax inspectors yesterday started an ‘unusually rigorous’ audit of BP’s TNK joint venture operations in Moscow

Russian tax officials yesterday made fresh demands, requesting unprecedented
levels of information on a group of foreigners seconded to
TNK-BP only hours after
Gordon Brown raised official harassment of the company with Russian president
Dmitry Medvedev at the G8 meeting in Japan.

The officials wanted time sheets, certification of business trips and
passport copies showing foreign travel covering a two-year period, from January
2006 to December 2007, the Guardian reports.

The information must be submitted within 10 days or penalties will apply,
according to a source, confirmed by a BP spokesperson in London who said a tough
review of the business was under way. ‘These kinds of audits go on all the time
but the latest one seems to involve an unusually rigorous claim for
documentation,’ he said.

TNK-BP, Russia’s second-biggest foreign investment, has been involved in from
a year-long tussle between BP and its Russian oligarch partners over management
control and future strategy.

Further reading:

TNK-BP chief hangs on to power

BP accused of dealing secretly with Kremlin

Read
the story in the Guardian

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter