BOLTON WANDERERS FC has confirmed it has settled and unpaid £2.2m tax bill with HM Revenue & Customs.
The Sky Bet Championship’s bottom club released a statement confirming it expects the winding-up petition against it to be lifted in the High Court on Monday after finally completing the payment.
The Trotters, who recently announced it had sold its training ground to Wigan Athletic in a bid to service its debts, announced earlier this month a deal had been struck between Sports Shield, Inner Circle and chairman Eddie Davies to transfer ownership of the club.
The club said that the Sports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, owned by Ken Anderson, have taken control of Eddie Davies’ 94.5% controlling share of Burnden Leisure.
The remaining 5.5% of the Burnden Leisure shares will remain with individual shareholders.
Davies is also understood to have written off £170m owed to him by the football club.
Andrew Tyrie suggests there will not be enough time to implement Making Tax Digital (MTD) by April 2018
The ACCA has announced a partnership with UK research and development tax reclaim specialist RD Tax Solutions
The tax HMRC expects is underpaid by large companies through “transfer pricing” has risen by 60%
The chancellor has “missed an opportunity” to restore business confidence and encourage UK investment, said Mazars