I am sure (but can;t find the link) that we got out of that tax bill (or some of it) but

yes they were saying they had a £10m tax bill to pay at one point.

As a basic point Companies get taxed on their profit so yes if we show a big profit in our accounts then we presumably have to pay corporation tax on it.

Posted By: Jim on November 5th 2019 at 10:34:54

Message Thread

Re the accounts can anyone expand on the rules/regs... (NCFC) - loz, Nov 5, 10:31:00
- Accounts (NCFC) - letsbehavinyou, Nov 5, 10:42:05
- I am sure (but can;t find the link) that we got out of that tax bill (or some of it) but (NCFC) - Jim, Nov 5, 10:34:54
  - Looks like we've got about £6m of tax losses brought forward to set against any profits (n/m) (NCFC) - mr carra, Nov 5, 10:57:50

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