Excels new loss statement - Simon you have been caught out

EnigmaPart1

Well POPLA have seen through the lies that have been told yet again by our good friend Simon Renshaw Smith.

He thought his new loss statement was the dogs !!!!!!!!

Simon thinks that his company can pull the wool over our eyes and have his company lie through its tooth and fool the likes of us and those on MSE!.

I wonder how long this loss statement will before Simon Renshaw Smith tells another few porkies

:rotfl:

bazster

Or more likely how long until Excel switches to the IPC.

EnigmaPart1

bazster wrote: »

Or more likely how long until Excel switches to the IPC.

Thats actually a very good point and maybe this will be the last throw of the dice for them?

I can see them joining the IPC in due course

peter_the_piper

Yes, the IPS does seem to dance to the IPC's tunes more than POPLA does to the BPA.

The_Deep

Is there a copy of this work of fiction available for us to dissect?

salmosalaris

VAT thresholds may be an issue for Excel.
Any PPC operating a consideration based charge would have to account for VAT in the traditional way on all tickets issued if their turnover is more than £ 1.3 million ,
If they are under that they can cash account and only need to account on receipt of payment . That may explain why VCS have moved across but I haven't seen their accounts so just supposition .

The cashflow of having to pay the VAT due to HMRC on all tickets issued and only being able to claim it back once the debt is written off would be crippling for the big boys on the amounts of tickets they issue .

Quite how VCS v HMRC fits into this when it was ruled VCS 's charges were not consideration for their services but damages and not subject to VAT is a mystery

EnigmaPart1

The_Deep wrote: »

Is there a copy of this work of fiction available for us to dissect?

here you go

https://www.dropbox.com/s/z4j83a9a6nvcm6v/G1_CCTV%20GPEofL_Version%202.0_EPS%20-%20Confidential.pdf?dl=0

The_Deep

Is that a one size fits all estimate, the same for a Fistral Beach bilker, and a landlord parking on his own land? It has more holes than Kim Jong Un's daily intake of Emmantal.

Castle

salmosalaris wrote: »

VAT thresholds may be an issue for Excel.
Any PPC operating a consideration based charge would have to account for VAT in the traditional way on all tickets issued if their turnover is more than £ 1.3 million ,
If they are under that they can cash account and only need to account on receipt of payment . That may explain why VCS have moved across but I haven't seen their accounts so just supposition .

The cashflow of having to pay the VAT due to HMRC on all tickets issued and only being able to claim it back once the debt is written off would be crippling for the big boys on the amounts of tickets they issue .

Quite how VCS v HMRC fits into this when it was ruled VCS 's charges were not consideration for their services but damages and not subject to VAT is a mystery

In VCS V HMRC the court ruled that VCS was the principal not an agent, so could claim damages for breach of contract or trespass.

EnigmaPart1

It is obvious that the document is a lie because they always say when they give a popla code out " we will not accept any further appeals"

Coupon-mad

And in other news (similar though) Premier Parking Solutions new loss statement has also been kicked out by POPLA who have stated that Management checks cannot be part of a GPEOL so the Assessor struck over £71 off PPS' little sums:

https://forums.moneysavingexpert.com/discussion/5018879

In your face, Sue Blacksmith.