As I said I do accounts, lots of boring accounts. A certain company did very well due to a change in the law today. Essentially a change in the law meant that if your business property is empty with a ratable value of more than £15,000, even if it is empty the owner has to pay the business rates which are high. And thus what happens is that the company will make provisions to not pay such a tax. This is reminicent of the window taxes of by gone days where people would brick up their windows to avoid such a tax.
This company made a large amount for 2008/2009 and yet they are cutting staff anyway to increase profitability.
