HMRC Involved (1 Viewer)

McLovin87

Well-Known Member

• Aug 2, 2013

• #1

Just heard on CWR that HMRC rejected the CVA, did we know they were involved and what implications might this have?

Also it wasn't the Alan Higgs Trust Charity who accepted the CVA but the Alan Higgs centre. Sorry if this is old news but there isn't time to trawl through all the different threads.

 

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EasternGreenSkyBlue

New Member

• Aug 2, 2013

• #2

Doesnt matter, If Higgs and ACL accepted it would of gone thru regardless of HMRC. fact.

 

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skybluesam66

Well-Known Member

• Aug 2, 2013

• #3

Not sure how they could have been a creditor with CCFC ltd

no employees and no revenue ???

 

hutch1972

Well-Known Member

• Aug 2, 2013

• #4

EasternGreenSkyBlue said:

Doesnt matter, If Higgs and ACL accepted it would of gone thru regardless of HMRC. fact.

Click to expand...

But they didn't and it didn't so HMRC are in a position to investigate whoever and whatever they please.

 

McLovin87

Well-Known Member

• Aug 2, 2013

• #5

I didn't know we owed the taxman or do the HMRC get inoved in all CVA's?

 

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Broken Hearted Sky Blue

Well-Known Member

• Aug 2, 2013

• #6

HMRC oh goody:thinking about::claping hands::claping hands:

 

duffer

Well-Known Member

• Aug 2, 2013

• #7

I think we must owe the taxman something for them to be involved. I guess that shouldn't be a surprise.

Liquidations obviously come under much more scrutiny than CVAs, so it's possible they've seen something they didn't like in the affairs of the company and want a further investigation. Again, should we be surprised?!

 

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RPHunt

New Member

• Aug 2, 2013

• #8

Interesting that HMRC opposed the CVA as well. They have been looking for a long time to take a bite out of the football regulators and maybe they have scented blood.

 

sky blue john

Well-Known Member

• Aug 2, 2013

• #9

I wonder why timmy never mentioned this in his statement earlier ?

 

Nick

Administrator

• Aug 2, 2013

• #10

Apparently they were owed a couple of hundred quid?

 

WiganSkyBlue

Member

• Aug 2, 2013

• #11

I, like others on here, wonder how a club in administration can continue to pay staff salaries when other past administrations of other football clubs have had the PFA providing loans to pay its members. This has never appeared to be a feature of CCFC's administration. Now with HMRC involvement, which no-one on here to my recollection has ever previously mentioned, would seem to indicate taxes in the form of PAYE and/or VAT not being paid. Is VAT payable on the purchase of players contracts? or on agents fees? With the taxman involved perhaps a proper investigation can now be undertaken, with the actions of directors and shadow directors being put under scrutiny.

Will Joy's position in the City now come under scrutiny?

 

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Ripbuster

New Member

• Aug 2, 2013

• #12

Like the accounts,this is long overdue.,:wave:

 

ccfcway

Well-Known Member

• Aug 2, 2013

• #13

They were owed something like £600

Only reason they would reject the CVA is if they wanted a little looky at someone going on..

Heres hoping

 

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Wm65

New Member

• Aug 2, 2013

• #14

Apparently the taxman is owed the huge sum of £700 - nothing worth worrying about regarding them .

 

Nick

Administrator

• Aug 2, 2013

• #15

Don't they reject all CVA's as standard within football?

 

mark82

Super Moderator

• Aug 2, 2013

• #16

skybluesam66 said:

Not sure how they could have been a creditor with CCFC ltd

no employees and no revenue ???

Click to expand...

Yet £70 million of debt. That is what I really don't understand, how a company with no assets can have so much debt.

If CCFC Ltd. is liquidated and has no (or minimal) assets surely that clears all debt to SISU.

 

duffer

Well-Known Member

• Aug 2, 2013

• #17

In fairness, I thought I'd check on HMRC's policy, because I'd got it in my head that they almost always reject CVA's especially from football clubs. However that's not the case, they'll reject CVAs from footy clubs if there are preferred creditors like players because they don't like that rule, but that's not the case here.

I'm guessing that they rejected it because there's something else they don't like about it.

Full explanation below, but the reason I suspect relates to 'debtors being honest in their disclosure'. Hmm.

http://www.hmrc.gov.uk/helpsheets/vas-factsheet.pdf

 

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kingharvest

New Member

• Aug 2, 2013

• #18

I know it's not exclusive that HMRC reject all cva's but it is generally the case so might not be much to it. I also believe that Alan Higgs, as a charity, are duty bound to accept as they have a responsibility to whomever they represent? Something like that.

 

magic82ball

New Member

• Aug 2, 2013

• #19

I would love it if that Nick Griffin looking c**t got sent down for something. would make it all worth while.