GFG Alliance Misses HM Revenue & Customs Tax Payments
GFG Alliance HMRC TaxFinancial Times

GFG Alliance Misses HM Revenue & Customs Tax Payments

Financial Times, citing people familiar with the matter, reported that Mr Sanjeev Gupta’s plants have missed payments to the UK tax authorities, as

Financial Times, citing people familiar with the matter, reported that Mr Sanjeev Gupta’s plants have missed payments to the UK tax authorities, as concerns mount over his industrial empire following the collapse of its main funder Greensill Capital. Sourced told Financial Times “They failed to transfer monies owed to HM Revenue & Customs under the pay as you earn PAYE system for staff workers as well as VAT. Some of the money owed stems from deferrals the government granted last year to help businesses cope with the impact of the coronavirus pandemic.”

GFG Alliance declined to comment on the tax issue.

HM Revenue & Customs said that “Due to taxpayer confidentially we are unable to comment on an identifiable business.”

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