Contractor left with £1.7m tax bill

A developer linked to several stalled construction sites in Liverpool and under investigation by the Serious Fraud Office has been hit with a tax bill of more than £1.7m

HMRC has issued determinations of £1.7m to North Point Global Ltd and its subsidiary companies, North Point Pall Mall Ltd, Baltic House Developments, Chinatown Development Company, and Warwick Road Developments Manchester Ltd for tax that should have been deducted by the companies under the construction industry scheme (CIS) in 2015-16 and 2016-17.

The Liverpool-based real estate developer announced in December 2015 that it would develop multiple sites across Liverpool and Manchester. As of October 2017, five projects of North Point were suspended due to a lack of funds and financial problems.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe