Sunrise Radio will be settling its tax dispute with HMRC today over a debt of nearly 400,000.
According to a news report on Sunrise Radio today, the dispute rose when HMRC demanded 390,000 but only 352,000 was due.
Sunrise Radio Group Chairman, Avtar Lit said, “We are big brands and therefore big news but most did not know the details. But the whole issue, like I said from the very beginning will be resolved and HMRC has been paid the correct amount.”
At a court hearing last month, Sunrise Radio Group was given 42 days (until Monday 14th October) to fork out the overdue amount. HMRC had filed a wind-up petition against Sunrise Radio for money the radio giant owed. BizAsia contacted HMRC after the hearing today, who declined to comment due to legal reasons. They were not in a position to discuss the affairs of businesses at any stage of the process.