9am Lowdown: Bristol nightclub owners get nine year ban
Good morning, the news is here. Hope you all have a great weekend.
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Bristol nightclub owners get nine year ban
Two directors of an entertainment business which ran clubs and restaurants in Bristol and Cardiff have been banned for misusing the annual accounting scheme for VAT and causing companies to trade to the detriment of HMRC
Nicholas Pratt and Luke Parker, the directors of Ashperry Ltd and Carbris Leisure Ltd, have each been banned for nine years.
The two companies operated the infamous Mbargo, Mbargo Lounge and Bunker Nightclub from premises in Clifton Triangle, Bristol, as well as Le Monde Restaurant, Soda Bar, Soda Lounge and Bunker Nightclub from premises in Cardiff.
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Public starts to take notice of DDR
The spectre of direct debt recovery has started to frighten the general public.
A report in The Telegraph talks about “Tens of thousands of people will have their personal bank accounts raided by inspectors chasing unpaid tax bills due to a change in the law, despite new safeguards introduced after widespread concern”.
Inspectors from HMRC getting American-style powers to recover tax directly from people’s bank accounts – what could go wrong?
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Greece slides closer to deal
Greek MPs are to vote later on whether to back PM Alexis Tsipras's tough new proposals to secure a third bailout.
The proposals are aimed at staving off financial collapse and preventing a possible exit from the Eurozone.
Eurozone finance ministers will examine the new proposals, which include pension cuts and tax rises, ahead of a full EU summit on Sunday.
Correspondents say Mr Tsipras's new plan contains many elements rejected in a referendum last Sunday.