FORUMS > Hull FC > EBT payments |
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| Quote: Standee "bless, truth hurt does it, you may be a qualified auditor, but counting the pies in Greggs doesn't equip you with better accountancy skills than HMRC, who have no issue with our accounts (filed on time, for many years)'"
Oh my naive friend... Filing accounts has nothing to do with hmrc tax investigations - with powers to go back up to 20 years. Ebt's have specifically targeted by hmrc and that has zip to do with corporation tax nor filing accounts. The real truth seems to be very creative accounting by your previous owners to create a value which your new owner has now partly disclosed.
I've probably lost you by now as you bask in the delusion of a brave new future but I think the real truth will hurt you even more than your juvenile commentary.
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Player Coach | 361 | No Team Selected |
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Jun 2007 | 17 years | |
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| Quote: Staffs FC "I would be amazed if most SL clubs don't face a similar dilemma.'"
it affects all sports who pay players ltd companys in jersey
thats why berro went
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Rank | Posts | Team |
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Sep 2008 | 16 years | |
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| Quote: offical rumour monger "it affects all sports who pay players ltd companys in jersey
thats why berro went'"
There is a difference between image rights payments to offshore companies and employee benefit trusts. The latter can be offshore or onshore. Ebt solutions are far less prevalent in sport compared to image rights which have also been tightened up. Image rights had an original basis in truth as did an ebt but both were abused. The benefits of using either/or have now been eroded which is indeed affecting the import of players. Imagine having to pay tax like the rest of us!!!
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Club Owner | 37503 | |
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Apr 2003 | 21 years | |
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| Quote: hartleystash "Oh my naive friend... Filing accounts has nothing to do with hmrc tax investigations - with powers to go back up to 20 years. Ebt's have specifically targeted by hmrc and that has zip to do with corporation tax nor filing accounts. The real truth seems to be very creative accounting by your previous owners to create a value which your new owner has now partly disclosed.
I've probably lost you by now as you bask in the delusion of a brave new future but I think the real truth will hurt you even more than your juvenile commentary.'"
I've forgotten more about tax law than you know, why not worry about your little tin pot, back street club and let us worry about FC, you're a poor troll, nothing more.
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Player Coach | 30104 | |
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Mar 2007 | 17 years | |
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Quote: hartleystash "Hilarious!
If you take into the account the spurious balance sheet valuation of players (qualified audit opinion!) and the likely ebt tax liability, then there is only one club in hull looking down the barrel of a gun and that's not rovers! I hope Mr. Pearson has taken good advice!'"
Welcome back vince
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Club Owner | 9673 | |
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8087_1342892330.gif :d7dc4b20b2c2dd7b76ac6eac29d5604e_8087.gif |
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| Quote: Jake the Peg "Welcome back vince'"
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Sep 2008 | 16 years | |
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| Quote: Standee "I've forgotten more about tax law than you know, why not worry about your little tin pot, back street club and let us worry about FC, you're a poor troll, nothing more.'"
Clearly with over 29,000 posts you're a very busy person and have ably demonstrated your intellect and knowledge of business. But don't let facts get in the way of delusions.
Surely you can't be thinking that your "perfectly run" club may well have been playing a dangerous game with tax and accounting principles. That said, mr pearson is no fool so I hope it does get resolved.
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Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy
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| Quote: Standee "I've forgotten more about tax law than you know, why not worry about your little tin pot, back street club and let us worry about FC, you're a poor troll, nothing more.'"
They've got absolutely no need to worry. They've got the umbrella man and now Uncle Assem and if all else fails, they can always fall back on the tried & tested route of a CVA
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Club Owner | 37503 | |
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Apr 2003 | 21 years | |
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Apr 2015 | Oct 2014 | LINK |
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| Quote: hartleystash "Clearly with over 29,000 posts you're a very busy person and have ably demonstrated your intellect and knowledge of business. But don't let facts get in the way of delusions.
Surely you can't be thinking that your "perfectly run" club may well have been playing a dangerous game with tax and accounting principles. That said, mr pearson is no fool so I hope it does get resolved.'"
Indeed, I manage to be busy without it taking hours to get things done.
If you would like to post FACTS about any objections about our accounting practices over the years please feel free, otherwise, isn't there some tat in your shed that needs sorting before the car boot on Sunday?
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Player Coach | 10540 | No Team Selected |
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Feb 2007 | 18 years | |
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32093.jpg :32093.jpg |
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| Quote: Standee "Indeed, I manage to be busy without it taking hours to get things done.
If you would like to post FACTS about any objections about our accounting practices over the years please feel free, otherwise, isn't there some tat in your shed that needs sorting before the car boot on Sunday?'"
If it is Vicenzo reincarnated, expect a reply about season ticket sales as assets.
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Rank | Posts | Team |
Club Owner | 37503 | |
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Apr 2003 | 21 years | |
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| Quote: carl_spackler "If it is Vicenzo reincarnated, expect a reply about season ticket sales as assets.'"
I have a terrible feeling that Vince is no longer with us, not 100% about that, just seem to think I had been told he had passed away.
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Rank | Posts | Team |
Player Coach | 30104 | |
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Mar 2007 | 17 years | |
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32641_1503834456.jpg The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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| Pearson didn't make much of a deal on this in his interview on blunderside. Just said that there needed to be some "negotiation" with HMRC
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6505_1460484023.jpg [i:10za56ci]Hold on to me baby, his bony hands will do you no harm
It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg |
Moderator
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| Quote: Standee "I have a terrible feeling that Vince is no longer with us, not 100% about that, just seem to think I had been told he had passed away.'"
He was alive and kicking a few weeks ago when he begged to be allowed back on this board.
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Rank | Posts | Team |
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Jul 2003 | 21 years | |
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6505_1460484023.jpg [i:10za56ci]Hold on to me baby, his bony hands will do you no harm
It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg |
Moderator
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| Quote: hartleystash "Surely you can't be thinking that your "perfectly run" club may well have been playing a dangerous game with tax and accounting principles. That said, mr pearson is no fool so I hope it does get resolved.'"
They've been playing exactly the same 'games' with tax that just about every other RL club and many other sports clubs have been playing. There will be a negotiated settlement with HMRC as in other cases of closed loopholes.
Precisely which 'dangerous games' have been played with accounting principles?
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| Might be a silly question but what is a EBT payment.
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