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...APN has made the biggest known single pledge of Alibaba stock at 400m shares....
From Air Cdre APN Lambert, Lapford, Devon, UK
...Organic growth at JCDecaux was just 2 per cent last year; hence its €700m acquisition of Australia’s APN Outdoor in late-2018. It should be able to afford this....
...Letters in response to this editorial: Isolation will make Britain more vulnerable / From Air Cdre APN Lambert, Lapford, Devon, UK Maintaining a strategic nuclear force is a colossal undertaking and expense...
...“The amount collected under an APN is often incorrect in terms of the actual tax liability to settle an open tax inquiry,” she said. “This will add to the confusion and anxiety on receipt of an APN.”...
...“I had no idea what an APN was or that it was based on legislation enacted five years after I left the UK....
...Documents released with last week’s Spring Statement showed HMRC had issued 81,000 APNs since 2014, raising £8.7bn....
...Shares in APN, which halted trading on Monday, are up almost 30 per cent for the year to date....
...According to RPC, in many cases APNs were withdrawn when miscalculations had been made and said it was likely that many more APNs had been issued incorrectly due to the complex nature of the law....
...Some of the recent powers HMRC has been granted include the ability to issue accelerated payment notices (APNs)....
...Also in the frame is a proposal, later dropped, for INM to pay about €1m to one of Mr O’Brien’s companies for work “allegedly done” on the sale of shares in APN, an Australian group....
...“The Eclipse litigation has resulted in a significant number of APNs being issued.”...
...Many APNs had been issued by HMRC on the basis that it could launch inquiries into claims for carried back losses for the year when the loss was made....
...It has been relatively patient over pursuing APN debts from taxpayers who needed time to pay but that patience has its limits.”...
...According to HMRC’s annual report, it issued more than 36,000 APNs to individuals and companies in the year to April 2016. These raised £2.4bn, up from £800m in the year to April 2015....
...APNs have aroused controversy, particularly because recipients do not have a right of appeal....
...APNs have raised more than £3bn since they were launched in 2014. If served with an APN, taxpayers should first seek legal advice, tax planners said....
...“Arguably, HMRC can request that APN debts be collected in these circumstances as, in effect, the debt is not in dispute because APNs cannot be appealed . . ....
...Fairfax has axed 2,000 jobs over the past four years and recently announced a plan to merge its New Zealand operations with those of rival APN News & Media....
...If an APN is withdrawn that doesn’t mean there is no tax to pay. The underlying tax dispute remains until it is settled or litigated.”...
...There have inevitably been issues with APNs, which have raked in more than £2bn so far. Large numbers have been wildly incorrect, sometimes comically so....
...“Our experience has been that HMRC are generally open to offering time to pay, even on settling APNs.”...
...Legal challenges to HMRC’s use of APNs have been unsuccessful, however....
US Treasury yields continue to fall
...Since 2014, HMRC has issued more than 25,000 APNs to participants in contested arrangements, demanding payment of tax that it deems to have been avoided....
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