Davies awaits assurances in tax inquiry
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Andrew RT Davies welcomes grant suspension pending assurances

The firm underwriting a £1m grant at the centre of a Welsh Government investigation is involved in a tax evasion inquiry, it has emerged.

Newport's Euro Foods Group - guarantor for a grant to Kukd.com which is being probed - supplies the catering industry across the UK.

Revenue and Customs (HMRC) is looking into "certain irregularities" in its tax affairs from 2005 to 2015.

The company's solicitor said it was "fully cooperating" with HMRC.

Welsh Conservatives leader Andrew RT Davies said: "Suspension of the grant to the company is welcome until assurances can be given."

  • 20 Dec 2016