1/27/2016 12:43:27 PM
Lycamobile faces possible £9.5m bill in unpaid tax scandal
Lycamobile has become embroiled in £9.5m unpaid tax scandal, The Guardian has reported.
An investigation by the paper looked at filings from Companies House which showed that the MVNO failed to publish its accounts for the last year, missing the deadline by two months.
Companies House followed this with two warning letters to the MVNO, which is believed to be in talks with HM Revenue & Customs over a tax bill of £9.5m.
The next stage of the process would see the company listed for late filing, this could eventually lead to Lycamobile being struck off the register of UK businesses.
Cash drop scandal
The news marks the second time that the mobile brand has fallen under media scrutiny. A BuzzFeed investigation last year alleged the telecoms group deployed three men to drive around in unmarked people carriers depositing bags of money which could be as much as £1m each week. Claims that prompted the MVNO to consider legal action against the website.
Mobile has contacted Lycamobile and is awaiting a response.