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Customs and Excise has called into question the amount it paid on product guarantees sold between December 1999 and April 2001.
Homestyle has been paying just 5% on the portion of customers bills that it claims covers the guarantee, but Customs officials argue it is due the full rate of VAT at 17.5%.
The chief executive of Homestyle, Michael Rosenblatt said he would challenge the demand.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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