RESOLVING THE LEDGER
This is one outlet's own report from The Guardian — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 1 sources
Manufacturer self-reported the offences in the tax authority’s largest such out-of-court settlement
Airbus has been fined £6.4m in the UK after the European aerospace company admitted to breaches of rules designed to stop sensitive goods such as military hardware falling into the wrong hands.
The company, which sits at the heart of the European defence industry, said it had paid the settlement to the UK’s tax authority, HM Revenue and Customs, after self-reporting breaches that occurred before November 2022.
Failing to keep accurate records of transfers of controlled technology as per the conditions of three of their open general xport licences (Ogels).
Failing to keep registers in relation to Ogels.
Failing to keep accurate records contrary to the conditions of one of their Ogels.
A failure of licence conditions on a standard individual export licence (Siel).
Continue reading...
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.