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Taken from the hull board
www.guardian.co.uk/sport/2009/ap ... e-payments
If the IR back date this does it mean some cubs could fall foul of a salary cap infringment?
Taken from the hull board
www.guardian.co.uk/sport/2009/ap ... e-payments
If the IR back date this does it mean some cubs could fall foul of a salary cap infringment?


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This looks like some clubs got over the rules for the cap by paying the Aussies at the end of the contract, but only disclosing what they were paying during the season.
No wonder many Teams like Bradford, wigan and Saints were running at a lose despite the salary cap.
If it is retrospective will these teams involved have points deducted this season because we can not go back to other seasons because of the play off system.
I don't think this would affect us, who in their right mind whats to be associated with Salford.

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Probably the most worrying factor in all that is that Warrington have been classed as a major super league side icon_smile.gif

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Quote: Bigpev "I don't think this would affect us, who in their right mind whats to be associated with Salford.'"


Wouldn't be surprise if most if not all clubs have done this.

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Article says at Least 10, we might not be there in that little or large group, but Warrington certainly are.

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I bet this means they have to renegotiate the contracts with our new players

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Quote: zandor46 "I bet this means they have to renegotiate the contracts with our new players'"

Good, does that mean we can fook them off icon_wink.gif

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If the government enforce retrospective payments and apply the new legislation to existing contract agreements it could potentially cost them more in the short term, especially if a few clubs go to the wall with large VAT arrears!

IMO the loophole is/was an oversight by the government and any new legislation should only apply to new player contracts. Why should the government be able to reclaim back more money from our clubs/game because of their past incompetence?

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Quote: theredshed "If the government enforce retrospective payments and apply the new legislation to existing contract agreements it could potentially cost them more in the short term, especially if a few clubs go to the wall with large VAT arrears!

IMO the loophole is/was an oversight by the government and any new legislation should only apply to new player contracts. Why should the government be able to reclaim back more money from our clubs/game because of their past incompetence?'"


it looks more like a smash and grab by the goverment to claw some money back to cover all the money they have given away. where do we live england or russia

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The players played here and were paid here and should pay tax here, if clubs exploited this tax dodge to get round the salary cap which I assume they did then they are liable. They knew the regulations, so face the punishment, just because some smart alec lawyer discovered a way of getting around the tax system is not necessary the Governments fault, but now thay have found it they have a right to get this money back.
No doubt after Lawyers still look at each piece of fiscal legislation and try and circumvent it to the good of their clients that is what they are paid very highly to do. It is just a game to them which pays a lot of money, a number of football clubs do the same as do the FA who have done a deal with the Inland Revenue to allow the European cup to be played at wembley and the players earnings are tax free, and some banks (surprised) are at it.
Yawnian are most likely the worst protaganists of this practice, the rule should be if you earn it here you pay the proper tax here no ifs or buts.

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Quote: Bigpev "The players played here and were paid here and should pay tax here, if clubs exploited this tax dodge to get round the salary cap which I assume they did then they are liable. They knew the regulations, so face the punishment, just because some smart alec lawyer discovered a way of getting around the tax system is not necessary the Governments fault, but now thay have found it they have a right to get this money back.
No doubt after Lawyers still look at each piece of fiscal legislation and try and circumvent it to the good of their clients that is what they are paid very highly to do. It is just a game to them which pays a lot of money, a number of football clubs do the same as do the FA who have done a deal with the Inland Revenue to allow the European cup to be played at wembley and the players earnings are tax free, and some banks (surprised) are at it.
Yawnian are most likely the worst protaganists of this practice, the rule should be if you earn it here you pay the proper tax here no ifs or buts.'"



Maybe the Government need some smart alec lawyers working for them to ensure there are no loopholes in the first place? icon_wink.gif

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Quote: theredshed "Maybe the Government need some smart alec lawyers working for them to prevent these loopholes in the first place?
I agree but they train them up in the Tax office at our expense and then a bank or other company tax specialists then offer to pay them 10 times as much as the government salary and they leave, paving teh way for the process to start again.

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It was written on april the 1st

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Quote: Pughie "It was written on april the 1st'"


correct but at what time
Wednesday 1 April 2009 21.13 BST (after 12 noon)

for Thursday publication 2nd April

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Seem to remember a certain halfback employed by Salford had this deal, hope he failed foul of it when he signed for his new club before we got relegated.

16 posts in 2 pages 
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Subscribe | Moderators: Admin, king of the shed
16 posts in 2 pages 
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Subscribe | Moderators: Admin, king of the shed



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