Setting up a short term Limited company is the best profit maker going !! Let's say a firm sets up to sell carpets for example...........
They buy the carpets in India, China and the Far East. They are delivered in containers and taken into stock on huge rolls which are cut to size. Then the customer buys at a profit and that is normal commerce. However if the store owners don't send off their VAT payment nor do they send in their income tax and national insurance contributions for them and there employees they have a tidy nestegg building up in a hidden bank account. A few made up invoices for roofing or building work covers the money "disappearing." Of course they don't pay any Corporation Tax either at the year end.
So a firm setting up in April has about eighteen months before it has too close down citing the Revenue as a creditor and goes bust. A "new" firm buys the stock at a knock down price and hey presto opens next day with a clearance sale and on it goes. Furniture is another good racket too.
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