The tax bill was revealed as QXL revealed losses had soared from £11.2m to £38.1m.
However, the company’s share price has soared from 200p in October last year to more than 1600p at the end of December, leaving the staff sitting on potential gains of £123m, the Evening Standard reported today.
Despite its losses, the company has to pay 12% National Insurance on gains in its share option scheme.
Finance director Robert Dighero called for the tax to be removed in next month’s Budget.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy