Morrisons faces £17m bill over hot chicken row
NegativeFinancial Markets

- Morrisons is facing a £17 million bill related to its rotisserie chickens, as the supermarket claimed these items were exempt from the hot food tax. This situation has arisen amid scrutiny of the company's compliance with tax regulations, highlighting potential financial implications for the retailer.
- The financial burden of £17 million could significantly impact Morrisons' profitability, especially as the company navigates a challenging market landscape. This incident raises questions about the effectiveness of the company's tax strategies and its overall financial health.
- This development occurs against the backdrop of Morrisons' recent decision to delay its net zero carbon emission targets by 15 years, marking a significant shift in its sustainability commitments. The combination of tax disputes and environmental policy changes reflects broader challenges faced by retailers in balancing regulatory compliance, financial performance, and sustainability goals.
— via World Pulse Now AI Editorial System






