FORUMS > Wakefield Trinity > Tax bill |
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47873_1296806483.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_47873.jpg |
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| Quote: The Clan "No one’s trying to defend the current BoD here, least of all me, but neither am I going to ignore other factors that have exacerbated the problem.
There are a couple of ways to get HMRC on side,
One is by giving HMRC preferred creditor status under the rules of the competitions in which clubs play.
The second is for the RFL, as the governing body, to show that they will install and enforce heavy sanctions against any club seeking to avoid its TAX responsibilities through Administration.
In the absence of the first one being in place the HMRC look closely at the governing body complying with the second and will enter into a collective agreement on this understanding.
The second one is where the RFL have been complicit in aiding and abetting the Crusaders in their move into Administration thus costing the HMRC £440,353.
Further than that, the RFL then took steps to ensure that their own liabilities were covered by the phoenix company that bought the old Celtic Crusaders club from the Administrator.
That done, HMRC rightfully have zero confidence in the RFLs will or ability to protect HMRCs interests and thus Rugby League Clubs become a risk too far.
Clubs like Wakefield are refused the facility of a payment plan and their TAX becomes payable immediately.'"
The RFL and the Super league clubs who voted to scrap the administration rule. Do not forget that it was put to a vote and judging by the Vote most clubs felt changing the rule would not be a problem to them. And that the pros (keeping Crusaders and more sky money) outweighed the cons.
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1357.jpg [b:34xc0vwf]Doubt everything, even this[/b:34xc0vwf]:1357.jpg |
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| "Let's scrap the rule which says 'any club entering administration will be automatically refused a licence at the next round' "
I still wonder how Wakey voted …
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34595_1297504122.jpg [color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8]
[color=#0000FF:1qi6asc8]I AM THE SEEKER OF TRUTH AND
JUSTICE[/color:1qi6asc8]:d7dc4b20b2c2dd7b76ac6eac29d5604e_34595.jpg |
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| Quote: tb ""Let's scrap the rule which says 'any club entering administration will be automatically refused a licence at the next round' "
I still wonder how Wakey voted …
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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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| Quote: The Clan "
I'd never be able to prove it but I'm not naive enough to think that Wakefield Trinity are the only club to be doing this or indeed the only business.'"
You don't need to prove it mate, cos you are dead right. Its all too common. In the game (how come London Broncos went bust owing HMRC £1/2m?) and outside of it.
There is always an alternative POV, of course, and only fair to air that even if you don't subscribe to it: if holding on to money that is not your own is the only way to keep your business alive, what do you do? Especially if you believe "something will come up".
Just pray that personally you never get put in the position of having to make that decision.
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| Well spotted
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| Quote: Dead Man Walking "No need for that either.
Its a pity you don't preach that to speedy on the Cas board then.
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17219_1385659818.jpg onetiger = half a cabbage
The night is dark and full of terrors.
Winter is coming.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17219.jpg |
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| Quote: chissitt "Its a pity you don't preach that to speedy on the Cas board then.'"
Thats up to the CAS mods, it ain't happening on here.
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3634.jpg [IMG]//i50.tinypic.com/a59ff5.gif[/IMG]:3634.jpg |
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| All I can say is that I am disgusted at this tax bill unpaid
I work hard for a living pay my tax, I have investments here and abroad as a result of which I have a tax consultant. I pay my taxes on time and in full. I thought we had sorted the tax out but the press release seems to imply differently. I have no sympathy for the BOD if they have not been paying taxes and NI since we had the payment plan agreed. I agree with another poster on here that its unlikely that HMRC would rip up a repayment plan. But if we have failed to pay whats due after then plan (not the repayments but current tax liabilities) then I can see why HMRC have had enough.
AS someone else has implied a business run as hobby. Sorry not good enough my money is staying in the bank for time being even though my worthless shares will be even more worthless!
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| your not wrong, i have stated many times on our own FC site that wakefield are one of the backbone clubs of super league and the whole of rugby league should rally to help never mind asking fans to donate, other clubs should be digging deep to help being paid back later on is my view but I am speaking because i truly feel in my heart for the locality , the businesses that will be effected, the future of rugby in the area and i know first hand how the players are feeling at wakefield right now because i have heard it from one or two mouths directly and it isnt good!!
It is time the rugby league stopped monkeying around with new developments and concentrate for a number of years on the heartlands and making sure that the current teams in all pro divisions have strong backbones to protect them in the years to come, instead of a management situation the RFL should become more benevolent and understanding towards the smaller revenue earning clubs and support them.
If they wish to make the super league a level playing field it makes more sense to concentrate of the heartlands and supporting the lower earning teams till they progress upwards with management advice, marketing advice so on and so forth along the lines of pooling information and resourses for instance why not send our marketing team to wakey for a week to advise and help with shop point of sale etc etc, send wigans cheerleeders in to wakey centre to hand out flyers etc, you know what i am saying all these small things can only help cant they??? i for one would be more than happy to help if i knew a way to help them....
whilst some are cold hearted and say "there is no conscience when it comes to business" take a moment to think of all the people who would loose their jobs if Wakey fold, were supposed to be a family sport so what about those families??? i know i am maybe a small minority but i feel so strongly about the way the RFL have thrown good money after bad in wales , london and other lost causes of cash . Rugby league is a northern M6/ M62 sport and thats what they should concentrate on in my opinion and that includes looking after our own if they are in trouble....
how super is super league if we let this club fold ... NOT
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38576_1362166976.gif What's confusing you is the nature of my game:d7dc4b20b2c2dd7b76ac6eac29d5604e_38576.gif |
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| Addy,
I was also disgusted when it first came out about them not paying taxes and voiced it on here. The response then from the club sympathisers was along the lines of "all businesses do it, it's called managing cash-flow" well the club sympathisers have gone quiet recently, let's see how this cash-flow problem is managed!
Quote: all businesses do it, it's called managing cash-flow "A statement issued by Wakefield said
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: EXPRO "youNOT'"
Sorry expro , you cannot come on here and suggest that clubs work together for a common good , I suggested similar things for the Championships and was told in no uncertain terms that I was ' barking mad ' to suggest such a thing
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15996.jpg "I know guys that pay £25 for a facial up north"
"If that season review DVD was an A-level entry, it'd fail":15996.jpg |
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| Quote: EXPRO "whilst some are cold hearted and say "there is no conscience when it comes to business" take a moment to think of all the people who would loose their jobs if Wakey fold, were supposed to be a family sport so what about those families??? '"
Like many others in the recent past, I have been made redundant, and through no fault of my own. Twice in fact! No-one organised collections for me, and the others who lost work, many who still are on the dole, so while sad people may lose work, if they are good enough, the new owners would take them back on, surely?
We need to get our own house in order. The fact is, this ain't 1964 anymore. Clubs won't rally round for what is now a fully 'professional' sport (whether that is the case off the field at certain clubs is questionable.) If Wakefield are failing, we need to get back up under our own steam. We made the mess, we'll clean it up. Show some responsibility for our actions.
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| Quote: t-r-i-n-i-t-y "Like many others in the recent past, I have been made redundant, and through no fault of my own. Twice in fact! No-one organised collections for me, and the others who lost work, many who still are on the dole, so while sad people may lose work, if they are good enough, the new owners would take them back on, surely?
We need to get our own house in order. The fact is, this ain't 1964 anymore. Clubs won't rally round for what is now a fully 'professional' sport (whether that is the case off the field at certain clubs is questionable.) If Wakefield are failing, we need to get back up under our own steam. We made the mess, we'll clean it up. Show some responsibility for our actions.'"
many companies have gone bust,
through no fault of there own due to their size they end up swimming amongst the sharks in the business pool and end either swallowed up or struggling to stay alive.
our problem is we haven't the money to invest with poor facilities we are just swimming in a circle, once we can break either of the two problems then we can start to restructure the club,
sad as it is for the staff like you say if their any good in their job they will find a position either with another club or the new Trin, life goes on
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| Quote: t-r-i-n-i-t-y "Like many others in the recent past, I have been made redundant, and through no fault of my own. Twice in fact! No-one organised collections for me, and the others who lost work, many who still are on the dole, so while sad people may lose work, if they are good enough, the new owners would take them back on, surely?
We need to get our own house in order. The fact is, this ain't 1964 anymore. Clubs won't rally round for what is now a fully 'professional' sport (whether that is the case off the field at certain clubs is questionable.) If Wakefield are failing, we need to get back up under our own steam. We made the mess, we'll clean it up. Show some responsibility for our actions.'"
Nicely put, and I agree.
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3634.jpg [IMG]//i50.tinypic.com/a59ff5.gif[/IMG]:3634.jpg |
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| The latest release on the tax by the club mentions VAT and NI from recent months.
What does this mean then, that all of the fans who have bought season tickets and merchandise have paid 17.5% in good faith and the club has failed to to pass this to the tax man? Or can someone who knows about tax clarify to me what else VAT is payable on. The NI I believe relates to staff and payments in relation to employment
Some clarity would be useful
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