Correct.

Based on what very little we know (and what I know of VAT) I suspect the most likely scenario is that we disagree about whether or not something we have sold/done is liable for VAT. We (the Club) have probably said it's not and HMRC have probably said it is, and raised the assessment. In the end we could be right like Greggs were (I won't bore you with the details) and the assessment could be dropped.

Or we could slip into doom and damnation. Potato Potarto.



I hope you're buying all these coats from the Club shop!

will this get resolved before the winding up order date of 5th September? I wonder if we do go into administration if Bullbuilder or one of the other supporters group would step in and look at taking on the club? Similar to what happened at Rochdale Hornets a few years ago where I donated £20 to become a shareholder but without voting powers.

Believe bullbuilder have already said unnofficailly they arent in a position to even consider this.

who is the official spokesman? have they made a statement about the latest winding up petition? I think if the worse happens and green comes out with the begging bowl e as supporters should really look at a buyout.

Or at least have a place on the board.

Businesses have disagreements over VAT all the time. I am less bothered by this than if it was non payment of PAYE. I expect it to be sorted.

The only worry is that the club under Hood and Bennett tried a wheeze to avoid paying VAT on season tickets saying they were "memberships" and should be exempt. This rather transparent attempt to get out of paying VAT was rightly frowned on by the taxman and was one of the reasons we went into admin. I just hope we haven't done something like that again.

Time will tell.

Quit worrying everyone. There's nothing we can do anyway.

If the whole poophouse goes up in flames it's all over. BullBuilder will not be stepping in to run the club I can guarantee that!

I wonder what we could suddenly be disputing with HMRC over. I've been trying to think of any new revenue streams that might have started in recent months and all I can think of is the launch of Southbank?
I suppose they could be disputing the input tax claims on something, difficult to say really.

It may not be all that sudden. Didn't someone say something recently about accounts not having to be filed until August and the club still haven't done theirs? Perhaps this is related in some way (i.e. account have been filed and there's a discrepancy, or they haven't been filed because the figures don't add up). Pure speculation I should add.

My mistake, all businesses in the UK are obviously subject to multiple Winding Up Orders over the course of the year.

Nothing to see here, carry on regardless.....

But this is the third one this year. does anyone know when Marc green is due back from Ibiza? maybe he might call a supporters forum to explain the past few months to put supporters at ease?

I know sometimes companies have to pay the 'expected' tax on items, which is why it's important that the companies accounts are up to date.

Otherwise the HMRC make a 'calculated guess' and request payment. I would expect any large sized business to be able to quickly refer to income/expenditure streams and provide the evidence as requested.

As much as everyone hates the tax man, i'm sure the current process isn't....

Tax man "We estimate you owe "X" amount in VAT"

Company "We disagree, we think it's more in the region of "Y""

Tax man "Pay up or we'll issue a Winding Up Petition!"

I get what your saying, my post had a hint of Sarcasm.

In our club's case it often seems more a case of

Tax Man: "We estimate you owe "X" amount in VAT"

Company: "What's VAT?"

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none of this eases the supporters nerves and these winding up orders are biggest scaremongers of all - from the club. if HMRC had been paid on time we wouldn't be worried about the clubs future.
Why can't Green or Ferres from wherever they are on holiday put something on bulls TV to ease our nerves. the communication from the club is appalling.