Mike Ashley’s Frasers Group cleared over Belgian tax question

Mike Ashley Poland Street

Frasers Group, the renamed Sports Direct business controlled by Mike Ashley, has correctly paid tax in Belgium that had been questioned by the authorities there.

Frasers Group said the Belgian Tax Authority has confirmed in writing that it was satisfied with the retailer’s explanation regarding €491m – or 73% – of the total €674m in question and that VAT has been correctly accounted for.

As far as that sum is concerned, the issue “has been resolved with no payment of VAT liabilities or associated penalties and interest to be made by the company or any member of its group”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.