halfcenturyup
Well-Known Member
- Joined
- 12 Oct 2009
- Messages
- 11,623
Surely we have (been accused of)? The charges for most years are for not providing accounts by the relevant date. Either we haven’t provided them at all for 9 out of 15 years and the pl have somehow only just noticed after a 4 year investigation.. or we have provided them and they claim they’ve been falsified. If they allege we’ve provided falsified accounts that’s surely a legal matter. Which is all the more bizarre that the pl have uncovered this and not HMRC
The alleged breaches include one that we didn't "provide annual accounts that comply with all applicable legal and regulatory requirements." I raised a few days ago that this may just mean that we didn't comply with PL rules for some supplementary information (PL rules being a regulatory requirement), but was shot down by people on here who know the most about it, who said that, if the charges are the same as at CAS (plus one or two others, which they very probably are), Etihad for example that we were disguising equity funding as sponsorship income, then that would imply fraud.
I am not necessarily sure I agree, but I am not a lawyer.