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30
Aug
2016

TAX BRAKE ‘Brexit tax’ car rental firm Avis has paid no UK tax for 5 years despite making £9.3m profits here last year alone

TAX BRAKE ‘Brexit tax’ car rental firm Avis has paid no UK tax for 5 years despite making £9.3m profits here last year alone

With enterprise charge right now at 20%, that surrendered it a front obligation to hand over £1.86m to HMRC. 
Be that as it may, the universal contract auto monster has a complex Starbucks-style organization structure, and has overseen not to pay any expense at all in the UK since as far back as 2011. 
A partnered administration organization, Avis Budget Services Ltd, additionally made a £11 million benefit in 2014.But The Sun can uncover it excessively paid no expense that year. 
Our disclosure will extend outrage with the organization that was disgraced a week ago to try to trick British clients with a 'Brexit Tax' additional charge on them. 
Avis' profoundly charge effective organization structure includes a holding organization situated in Luxembourg, called Budget International Financing SARL. 
It likewise makes enormous duty deductible obligation interest installments to different Avis bunch organizations, which charge specialists have additionally flashed up as a notice sign.
With enterprise charge right now at 20%, that surrendered it a front obligation to hand over £1.86m to HMRC. 
Be that as it may, the universal contract auto monster has a complex Starbucks-style organization structure, and has overseen not to pay any expense at all in the UK since as far back as 2011. 

A partnered administration organization, Avis Budget Services Ltd, additionally made a £11 million benefit in 2014.But The Sun can uncover it excessively paid no expense that year. 
Dodgy dealings ... Avis have been charging Brits a Brexit tax for hiring a car in Europe since the leave vote in June

Our disclosure will extend outrage with the organization that was disgraced a week ago to try to trick British clients with a 'Brexit Tax' additional charge on them. 

Avis' profoundly charge effective organization structure includes a holding organization situated in Luxembourg, called Budget International Financing SARL. 

It likewise makes enormous duty deductible obligation interest installments to different Avis bunch organizations, which charge specialists have additionally flashed up as a notice sign.
The car rental giant is thought to have raked in a whopping £2.6MILLION with the new fees

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