Pitch Operator Warns £12M Tax Hole May Get Deeper

Law360, London (September 30, 2019, 2:29 PM BST) -- A British football pitch operator embroiled in an accounting scandal admitted Monday that a £12 million ($14.8 million) black hole on its balance sheet could be far larger as it removed its shares from public trading in London.

Goals Soccer Centres PLC, a five-a-side football pitch operator, removed its shares from London’s AIM stock market for smaller companies on Monday after it failed to meet a deadline to publish its full-year results. 

The company failed to reach an agreement on how much it owes HM Revenue and Customs in unpaid value-added tax, the company's bosses, Michael Bolingbroke and Andy Anson, said....

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