Virgin Media Entertainment limited will it be on panorama?

[m419]

Panorama tonight on BBC One shows how big companies are avoiding tax by using Luxembourg as many will know Virgin Media Entertainment the bit that sells premium tv channels to Virgin Media customer is registered in Luxembourg who is obviously avoiding the 20% VAT rate. But are Virgin Media passing that saving to customers? I don't think so, since it came into use the cost of premium channels has hardly changed.

[spiderplant]

VME ceased to exist months ago. The premium channels are now sourced in the UK.

[Stuart]

There may not be much to pass on.. Their debt is still nearly twice their operational income, and they've only just posted their first profit (£75 million). It's also apparently the first profit the cable industry in the UK has shown... http://www.guardian.co.uk/media/2012...st-ever-profit

Panorama was focusing on companies where the tax due is greater than that.

[Chad]

Did Virgin get a mention?

[m419]

Originally Posted by Chad

Did Virgin get a mention?

No they didn't

---------- Post added at 16:17 ---------- Previous post was at 16:05 ----------

Originally Posted by Stuart

There may not be much to pass on.. Their debt is still nearly twice their operational income, and they've only just posted their first profit (£75 million). It's also apparently the first profit the cable industry in the UK has shown... http://www.guardian.co.uk/media/2012...st-ever-profit

Panorama was focusing on companies where the tax due is greater than that.

Constant changing of ownership,bad management and crap service by Cable and Wireless,Nynex,Videotron and Comtel was probably the cause of that leading to high churn levels and high running costs and no strength in Cable TV business to compete with Sky as well as Ondigital from the late 90s. I haven't mentioned NTL in that list because its reputation and customer moans only shot up when they took over Cable and wireless's franchises and then tried for many years to iron out the problems and bring the services up to a reasonable standard. Our experience of Videotron and Nynex was horrifying, I dunno what it was whether it was a bad set up or teething problems.

Videotron claims it was the most financially sorted cable company in the UK, it's funny because a year after that they wanted rid of the UK because of low take up, whilst Cable London a franchise owned by Telewest and Comcast was rated the best performing cable operator at the time. Videotron's other problem was advertising, they didn't advertise very well, a few posters on billboards in South London and that was it, then when we moved to Camden, it was non-stop leaflets through the door,sales people knocking every other month and even the council promoted Cable TV, the leaflets used to have a slogan 'Are you switched on to the savings?'