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.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up