roll out the facial recognition and ID cards so we can catch those dodgy shoplifters costing us £billions in losses each year.
All media outlets pumping out stories of mass shoplifting.
I always thought that any shoplifting losses were tax deductable.
and it seems to be true on .gov.
https://www.gov.uk/hmrc-internal-manuals/business-income-man...
Allow to the extent not covered by insurance.
The loss of stock-in-trade or of cash in hand by fire, burglary, theft or the negligence of an employee is, in the ordinary course of events, an allowable deduction.
shoplifting is theft