FORUMS FORUMS



  
FORUMS > Wakefield Trinity > Tax bill
86 posts in 7 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
RankPostsTeam
Player Coach456No
Team
Selected
JoinedServiceReputation
Jan 201015 years
OnlineLast PostLast Page
Mar 2012Feb 2012LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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.

tb
RankPostsTeam
International Chairman48326
JoinedServiceReputation
Mar 200223 years
OnlineLast PostLast Page
Sep 2023Oct 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



"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 …

icon_smile.gif

RankPostsTeam
Player Coach4130No
Team
Selected
JoinedServiceReputation
Aug 200717 years
OnlineLast PostLast Page
Nov 2024Apr 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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 …

sleepy.gif

RankPostsTeam
International Chairman14145No
Team
Selected
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Aug 2020Oct 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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.

RankPostsTeam
Player Coach11580
JoinedServiceReputation
Oct 200717 years
OnlineLast PostLast Page
Nov 2024Sep 2023LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



eusa_clap.gif Well spotted icon_lol.gif

RankPostsTeam
Player Coach11580
JoinedServiceReputation
Oct 200717 years
OnlineLast PostLast Page
Nov 2024Sep 2023LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Dead Man Walking "No need for that either.
Its a pity you don't preach that to speedy on the Cas board then.

RankPostsTeam
Player Coach27039No
Team
Selected
JoinedServiceReputation
Aug 200519 years
OnlineLast PostLast Page
Sep 2017Sep 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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.

RankPostsTeam
International Board Member4933
JoinedServiceReputation
Jan 200322 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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!

icon_frustrated.gif icon_frustrated.gif icon_frustrated.gif

RankPostsTeam
Player Coach2186No
Team
Selected
JoinedServiceReputation
May 201015 years
OnlineLast PostLast Page
Jan 2011Jan 2011LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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

RankPostsTeam
Player Coach829No
Team
Selected
JoinedServiceReputation
Mar 200817 years
OnlineLast PostLast Page
Dec 2014Dec 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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

RankPostsTeam
Club Owner33944No
Team
Selected
JoinedServiceReputation
Mar 200421 years
OnlineLast PostLast Page
Mar 2016Mar 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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

RankPostsTeam
Player Coach4809No
Team
Selected
JoinedServiceReputation
Jun 200519 years
OnlineLast PostLast Page
Mar 2016Nov 2015LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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.

RankPostsTeam
International Chairman1470
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Jan 1970Jun 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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

RankPostsTeam
International Chairman1470
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Jan 1970Jun 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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.'"


eusa_clap.gif Nicely put, and I agree.

RankPostsTeam
International Board Member4933
JoinedServiceReputation
Jan 200322 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



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 icon_confused.gif: icon_confused.gif: icon_confused.gif:

86 posts in 7 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
86 posts in 7 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


11.88916015625:10
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
2s
Film game
karetaker
5766
3s
Shopping list for 2025
HU8HFC
5588
8s
Transfer Talk V5
Seth
517
12s
New Kit
Cokey
70
12s
Salford
Smiffy27
59
18s
ALL NEW 49ERS ERA LEEDS UTD THREAD
tad rhino
2611
36s
Rumours and signings v9
Mark_P1973
28902
1m
Game - Song Titles
Boss Hog
40802
2m
BORED The Band Name Game
Boss Hog
63268
3m
Shirt reveal coming soon
Khlav Kalash
2
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Opening Championship and League One Fixtures for 2025 Released
RLFANS News
1
TODAY
Getting a new side to gel
Wigan Bull
2
TODAY
Fixtures
Hockley Bron
12
TODAY
Writers required
H.G.S.A
1
TODAY
2025 Fixtures
Jemmo
1
NEWS ITEMS
VIEWS