Witney Wag
Active member
- Joined
- 23 Aug 2018
- Messages
- 202
Will the club be fined for this?
Can`t see what all the fuss is over, compare our HMRC performance with plenty of other lower league clubs, Southend in particular who have a habit of leaving it till the last hour with little or no retribution from the football authorities.
As for paying the landlord he would be lower on the list than the HMRC...........
Please don’t tell us you’re actually the Finance Director using an alias!
Perhaps I shouldn’t have shared. But it pops up in my news feed so is public.
Interesting to hear it being claimed that this is only the second one.
Ah ok thanks for the clarification and info.A WU order is indeed a final act, but the action we are talking about is the filing of a notice to petition the court for a winding up order to be granted. In a weeks’ time, the petition will be “published”, which means that other companies and institutions can join in the melee or take other actions as they see fit to ensure their own interests are protected - it would be some time after that before a hearing to grant a WO Order would take place and there are many ways a business can avoid this even if they are skint – CVA anybody?
In the vast majority of cases, the debt is settled before the notice is published and unless someone is looking for the notice, it never becomes public knowledge. HMRC are the most prolific users of notice, as they use it as a debt collection tool, rather than with any intent to close a business down.
A WU order is indeed a final act, but the action we are talking about is the filing of a notice to petition the court for a winding up order to be granted. In a weeks’ time, the petition will be “published”, which means that other companies and institutions can join in the melee or take other actions as they see fit to ensure their own interests are protected - it would be some time after that before a hearing to grant a WO Order would take place and there are many ways a business can avoid this even if they are skint – CVA anybody?
In the vast majority of cases, the debt is settled before the notice is published and unless someone is looking for the notice, it never becomes public knowledge. HMRC are the most prolific users of notice, as they use it as a debt collection tool, rather than with any intent to close a business down.
Interesting that you think this matters? As someone with a journalistic background may be you could explain the impact this has on the day to day running of the club? Or are you jumping on the Hawks scaremongering bandwagon?!Interesting to hear it being claimed that this is only the second one.
...and the un budgeted extra income from playing Man City in the League cup, in front of a full house at the breeze block. Where did that extra cash go?This is cavalier, no , worse than that, extremely poor financial management, whatever the circumstances.
An advertised WUP - which is different from the current beast admittedly - leads to freezing of bank accounts. This is horrendous.
We are the next step back from that and hopefully it will be sorted but all supporters should be concerned. It is not a great advert for Tiger’s capabilities is it?
I wonder is it VAT of PAYE that is owed?
I assume the amount is significant - amounting to hundreds of thousands of pounds?
And what’s more concerning is that we are only three months after all the season ticket money has been collected in...
Interesting that you think this matters? As someone with a journalistic background may be you could explain the impact this has on the day to day running of the club?
Thanks to Oxymoron for clarification and to you for raising appropriate level of concern.In general, any half competently run establishment i.e. with sufficient financing, efficient administration and general good governance does not get into these situations.
I don't think for a moment that the club is in danger of going under and it is unlikely to negatively impact events on the pitch (assuming staff have been paid). Rather, it's a symptom that things are being run poorly behind the scenes.
Is it too much to expect that the VAT included in your ticket or replica shirt is handed over to the relevant authorities in a timely manner rather than being used to fund the day-to-day operations of the business (which is what the shareholders funding should be used for) ?
In general, any half competently run establishment i.e. with sufficient financing, efficient administration and general good governance does not get into these situations.
I don't think for a moment that the club is in danger of going under and it is unlikely to negatively impact events on the pitch (assuming staff have been paid). Rather, it's a symptom that things are being run poorly behind the scenes.
Is it too much to expect that the VAT included in your ticket or replica shirt is handed over to the relevant authorities in a timely manner rather than being used to fund the day-to-day operations of the business (which is what the shareholders funding should be used for) ?
Of course it's not ideal, but it doesn't necessarily mean that there is no money or the money is being used inappropriately.