Originally Posted by
onion
Taxes can be deferred, question is have they already previously deferred tax (I havent seen the accounts) .
It then becomes a question of what is the likelihood of paying the deferred amount, are there other creditors, do they have any fixed and floating charges, what are the assets.
Air passenger duty is paid by passengers in advance - i.e. when they buy their tickets - the amounts collected should be remitted to the Govt via a monthly return. That actually helps the cash flow of businesses BUT it is not money an airline should use for their own business purposes; to do so to my mind is a "criminal" misuse of APD paid by a pax to Govt via the airline. If, as is being reported, BE owe £100m, someone should be held accountable. No one likes paying APD (or any taxes) but when a businesses diverts taxes to keep themselves afloat that is clearly wrong.