2/19/2008 6:22:00 PM
Tax probe into Unique's parent company dropped
The tax investigation into Unique Distribution’s parent company, Innovative Global Business Group Ltd (IGB) has been halted.
At a hearing on Monday a judge discharged the firm of accountants that had been keeping an eye on the assets of the IGB Group since mid-January.
A spokesman for IGB said: ‘We were totally baffled why HMRC acted in such a draconian manner from the outset having already been the subject of ongoing investigations, in common with other mobile distributors.
‘Today’s verdict unconditionally vindicates our position and we would take this opportunity to thank all our suppliers and customers for their support during the last few weeks.’
A £27m tax investigation into Unique, relating to deals done in 2005, is still ongoing.