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

Nicely put, and I agree.

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

if true that would of been a desperate act for survival of the club

again snowie!

It's something that happens all the time in the big bad real world - the business 'shuffles' money around, delays payments, wheels and deals, especially when cash is tight in order to remain solvent.

Is it bollox.

It is theft, IMO. Using money that never was your own to fund your business.

And yes, I have been there, done that. You try being FD of a plc that has run out of money because other directors have lied to you, when your own personal assets are on the line. But, even then, we paid the PAYE and VAT when due. Other than the Employers' NIC, it never was our money, see?

Good man. Well said. IMO.

You're right, it does happen, and probably more often than people imagine. It shouldn't, of course, but it does.

It would also appear that you have defaulted on your tax repayment plan. Hence why HMRC have torn up the contract and have you running round Belle Vue bare ass with them close behind with a towel whipping you

RE the non-payment of VAT & NI/PAYE. This is quite a rare occurance for me as an accountant. But dont forget, WTWCs will have defaulted on the Employer's NI too, something that comes out of their own pocket.

I think the point being made was, not that it wasn't unusual to not pay VAT, NI etc but that it wasn't unusual that these were diverted for other things until the last minute and then taken from somewhere else.
As an accountant i am surprised you haven't heard of cashflow.
As for defaulting on the repayment plan, nobody really knows on here wether or not we did it as an act of being skint or wether with impending administration we decided not to waste our money.

"...a person commits an offence if he or she knowingly applies or permits the application of the amount of a deduction or withholding of tax made or deemed made under a tax law for any purpose other than in payment to HMRC"

You can go to jail for this offence.