From the FT:
The Labour party has been the surprise recipient of a £4.6m pre-election boost after a successful claim for past overpayments of value added tax. The news came yesterday just hours after Revenue & Customs admitted that it had set aside almost £5bn to pay claimants after a landmark legal ruling last year.
The party successfully claimed £2.15m and will also receive £2.45m of interest. The windfall is a welcome fillip for Labour at a time of dwindling private donations and has put it on a slightly more stable financial footing, enabling it to cut its net debt from £19m to £17.5m during 2008. The figures emerged in accounts released last night after they were signed off by the party's ruling National Executive Committee*. Labour saw a drop in income, however, with donations down from £11.2m to £9.5m and membership fees dropping from £4.4m to £3.9m...
Party sources stressed that a number of other large charities and firms had also benefited from the Lords ruling.
What a coincidence, eh?
* Bastards! We at UKIP always do our best to get our accounts in to El Comm before the submission deadline of 7 July.
Well, Fine, It Can Go To The Great Kennel In The Sky Then!
42 minutes ago
4 comments:
VAT! You cannot be serious!
Can't we send them a bill for wrecking the economy?
I trust that every struggling small business got their rebates in an equally timely manner.
Definitely a conspiracy. Labour getting extra money is all the evidence I need.
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