Essar Oil in talks to extend January UK VAT payment deadline

(Reuters) – Essar Oil UK, the operator of Britain’s Stanlow oil refinery, is in talks with UK authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes, the company said on Sunday.

Essar Oil said it still needed to pay 223 million pounds ($305 million) to HM Revenue & Customs (HMRC) by January, confirming an earlier report in the Sunday Times newspaper https://bit.ly/39AwwmG, which said the company had used the government’s pandemic VAT deferral scheme last year.

Essar, in response to a Reuters request for comment, said that it had already repaid HMRC 547 million pounds out of a total 770 million pounds.