KPMG says it is unlikely to consider
making funds available for distribution to Wrapit’s unsecured creditors,
including tens of thousands of customers as well as suppliers and staff.
KPMG, which was called in as administrator of the busines,s has not yet found
a buyer for the business which ceased trading on August 4, leaving about 3,000
couples waiting for their gifts.
The administrator said about 800 of the couples would get ‘some’ of their
presents but the remainder was unlikely to receive anything at all, leaving most
of the 100,000 guests who had bought presents with nothing to show, according to
About 80% of purchases, which were bought through credit or Visa debit cards,
should be eligible for refunds through the card provider, but the remaining 20%
who paid by cheque, Switch or Maestro are likely to miss out.
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