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Customs demands £100,000 in VAT
Page 6
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SLOUGH-BASED operator Taylors of Heathrow is closing down after a petition to wind it up was registered by Customs and Excise, to which it owes £100,000 in VAT.
A spokesman for Customs' solicitors, Clarke Willmott, confirms a hearing was scheduled for this week when a court would decide if the company should be liquidated. Director Stephen Taylor believes it will be adjourned for four weeks to give the company time to pay off its VAT debt.
-We are closing down anyway." he says. "There's no money in the job. It's the cost of everything compared with Europe.' have paid everyone off — parts, tyres and wages: it's just the VAT, [but] we are going to settle it. We factored, but that cost an arm and leg;it's a Catch-22." Over 30 driven will be affected by the firm's closure. Latest accounts filed at Companies House show the Taylors used the services of Steve's Transport Services (Wraysbury); a firm owned and operated by Taylors' directors. Taylors was owed £6,031 by Steve's Transport Services and it owed £9,830 to the Wraysbury firm.