TaxCorporate TaxHMRC ‘wrongly issues winding up petition’

HMRC 'wrongly issues winding up petition'

BMC truck company says VAT bill was refundable

A TRUCK MANUFACTURER has said that an incorrect winding-up petition from HM Revenue & Customs has led to false rumours that the company is in trouble.

Roadtransport.com reports that HMRC brought an action against BMC regarding an apparent VAT liability on goods imported from Turkey. This did not take into account that the debt was 100% refundable, the company says.

A High Court judge last week set aside the claim for two months to allow HMRC to rectify the error. BMC said  it was never liable for the monies.

BMC is still trading and has not entered into administration, the company confirmed.

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