Essar Oil in talks to extend January UK VAT payment deadline
Essar Oil said it still needed to pay 223 million pounds ($305 million) to HM Revenue & Customs (HMRC) by January, confirming an earlier report in the Sunday Times newspaper https://bit.ly/39AwwmG, which said the company had used the government`s pandemic VAT deferral scheme last year
Essar Oil UK, the operator of Britain`s Stanlow oil refinery, is in talks with UK authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes, the company said on Sunday.
Essar Oil said it still needed to pay 223 million pounds ($305 million) to HM Revenue & Customs (HMRC) by January, confirming an earlier report in the Sunday Times newspaper https://bit.ly/39AwwmG, which said the company had used the government`s pandemic VAT deferral scheme last year.
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https://www.reuters.com/business/energy/essar-oil-uk-agrees-850-million-... for the Stanlow refinery after hitting short-term financial difficulties.Stanlow, which employs 900 people directly and a further 800 contractors on site, supplies road fuel to northwest England, and jet fuel to Manchester and Birmingham airports.
Lengthy queues of vehicles https://www.reuters.com/world/uk/behave-normally-uk-transport-minister-t... have been snaking their way to gas stations in Britain where an acute shortage of truck drivers has led to fuel rationing in a number of garages and some pumps running dry, and prompted the government to consider issuing temporary work visas.
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