HMV owed £20m in unpaid tax at time of collapse - report

RHIAN JONES

HMV owed more than £20million in unpaid tax when it was called into administration in January, new figures have revealed.

Documents filed with Companies House show at the time of the retailers collapse, bankers to the group, which included Royal Bank of Scotland and Lloyds, were also owed £109million.

HMV Music Limited, one of the main trading companies, owed £53.3 million to other creditors.

The new figures result in total debt of £182.3m – a number that had risen from the ...

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