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you have got to agree that is a large sum of vat. at the old rate it (15%) it would equate to an income of over £140,000,000

there is money in scrap!!

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Thats self assessment curtain.gif icon_lol.gif

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Quote: kellys eye "Thats self assessment
Well they do say that tax doesn't have to be taxing!

TRB
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Quote: Theboyem "£21 million of it in unpaid VAT! The authorities don't take too kindly to tax evaision should that be the case.'"


I doubt that that they'll stop looking at just the business! Squeeky bum time for some!

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Bullet dodged to a certain extent.

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Quote: TRB "I doubt that that they'll stop looking at just the business! Squeeky bum time for some!'"


I would speculate that they were subject of a HMRC investigation raid and that possibly the £21m, as they say, is historical VAT debt... which you might also speculate has been unknown to HMRC until this investigation, by what means we will find out in due course, and of course when HMRC issued the business with their true VAT bill they couldn't pay!!! I would also agree with you TRB that this won't stop there and this story will run for some time!

Equally, I assume that Eric France will now be in effective breach of contract on their shirt sponsorship deal and as such the club can go and sell that space to a new client for the rest (well most) of this season.

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Quote: Khlav Kalash "Bullet dodged to a certain extent.'"


Indeed, as some wise people said at the time. I should listen to them more often!

This isn't a terrible thing for the club, far from it. It does mean that a bit of extra cash can be brought in from another sponsor, with the potential to roll that onto next season. Get that logo covered up sharpish, even if it's just the club Twitter name (as Valencia did in the Spanish football league) or website address while the space is sold on. No point advertising a duff business.

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Sounds like meetings have already taken place regarding a replacement so fingers crossed it is sorted quickly.

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Thought things were going 2 smooth. We need a new sponser lol !!!

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Glad they didn't buy the club!

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Quote: charlie "Glad they didn't buy the club!'"


A lot of folk did, would have made Ted look like Mother Teresa - but tbf that was pointed out at the time. icon_biggrin.gif

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Quote: vastman "A lot of folk did, would have made Ted look like Mother Teresa - but tbf that was pointed out at the time.
Frying pan to the gates of hell that would have been! icon_eek.gif

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See Adeybull's epic strop on totalRL.

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Quote: Khlav Kalash "See Adeybull's epic strop on totalRL.'"


icon_eek.gif
How bizarre!!

85 posts in 7 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
85 posts in 7 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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