Originally Posted by
True Blue
why was this money not paid over? I know of lots of coffee shops etc that collected VAT from customers, didn't pay it over and when they were found out, they were bankrupted by HMRC. How do you describe money collected from passengers, but not paid as expected to HMRC? I hope this outfit don't survive and I realise the implications of what I am saying for all the staff involved. That does not make me proud. But the top management here knew what they were doing and I don't believe this money will ever be paid. But no doubt the top management have continued to collect their top salaries.
Disgusted.
VAT is a whole different ballgame. VAT inspectors have more powers than the police.
But it is odd that Flybe have been allowed to sit on £106m which isn't theirs. I wrongly assumed it would be paid monthly (in line with how travel agents pay via Bank Settlement Plan) or even quarterly. £106m seems like a huge amount of back APD