Transact on the hook for £4m VAT bill
Follows HMRC ruling
Transact’s parent company Integrafin has been handed a £4m bill for backdated VAT following a ruling by HM Revenue & Customs (HMRC).
A stock exchange announcement, released on January 28, said Integrafin had been notified by the revenue that its Australian subsidiary software development firm Integrated Application Development (IAD)...
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