Sports Direct probed by EU over Vat records

Retailer Sports Direct has come under scrutiny in Ireland and a number of other EU member states over the way it pays VAT.

Sports Direct is in talks with EU tax authorities that could lead to settlements related to a controversial deal between billionaire founder Mike Ashley and his brother.

Documents filed at the high court in the UK reveal that Sports Direct, since renamed Frasers Group, came under scrutiny in Ireland, France and Finland, over an arrangement that involved it paying Vat in the UK on all of its sales to customers overseas over a seven-year period.