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No tax through lack of cashflow

29th July 1993, Page 13
29th July 1993
Page 13
Page 13, 29th July 1993 — No tax through lack of cashflow
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Which of the following most accurately describes the problem?

• Failure to tax vehicles properly ting of the duration of the licence held by John Courtney (Birmingham) so that it expires next June instead of two years' time.

Director John Courtney appeared at a Birmingham disciplinary inquiry before West Midland Traffic Commissioner John Mervyn Pugh.

For the company, Michael Carless said that the company had not been the subject of a disciplinary inquiry for 30 years. He said cashflow problems meant vehicles were not taxed and a financial advisor, Peter Roe, had since been employed to ensure that the company continues trading and can meet its debts. Carless said this is being achieved. The financial situation was now in order and all the vehi

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cies had been back taxed, he said. Courtney said, the company had never left vehicles untaxed before.

Mervyn Pugh indicated that he wanted to see the company again in a year's time.