Panorama has investigated the accounts of the hotel, which was acquired by the Barclays in 1995. It\’s a profitable business, but the hotel has taken advantage of a series of perfectly legal tax reliefs to ensure its corporation tax bill was zero.
Eh? I mean, what?
Taking legal tax reliefs is being naughty now is it?
What gibbering nonsense is this?
Anyone able to get a look at The Ritz;s filed accounts so we can see what they\’re claiming? Might it be something as simple as depreciation on the building?