WESTERN Ferries has lost its long-running war with HM Revenue and Customs and has now been landed with a £3 million-plus tax bill, more than double its annual profit last year, The Herald has learned.
WESTERN Ferries has lost its long-running war with HM Revenue and Customs and has now been landed with a £3 million-plus tax bill, more than double its annual profit last year, The Herald has learned.
Sticking POINT: The tribunal said Western Ferries was not fully certificated for the route between McInroy's Point and Hunter's Quay.
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mark smith deputy business editor
The company yesterday insisted that the decision will have no bearing on its tender for the Gourock-to-Dunoon ferry route.
Meanwhile, Western’s critics expressed concern at the tribunal’s ruling that the Clyde crossing does not qualify as a river or estuary route, but is technically a sea-crossing, thereby leaving the door open for the company to revisit the issue in the future.
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