SO WE STILL OWE 2.7 MILLION THEN

Because since the original 2.7 tax bill in November, our bill must have gone up by over a million pounds, it's over 500,000 pounds a month.

So basically we are in exactly the same position as we were, and the HMRC are still owed at least 2.7 million, they going to to help us ain't they.NOT.

Yes Gwyn, but I make it more than that with fines, interest etc.

Yes Gwyn, but I make it more than that with fines, interest etc.

Surely HMRC would have insisted on the ongoing PAYE being paid on time.

Thats the normal method.

The 'old debt' can be restructured but only on the premis that ongoing debts are paid on time. or they come down hard.

Could well be where a big chunk of the ST money has gone.

I feel pretty certain this club will go into admin. in a months time.

The only way this will be stopped is by Ridsdale leaving (not likely) and big time investment? Malaysians? (Not likely)

Maybe its for the best?

It was mentioned somewhere today that the club normally pays its PAYE/NI quarterly i.e. every 3 months.

Of corse we don't know when those quarterly payments fall but it might be that in the normal course of business the club are always £1.2m in arrears and therefore we shouldn't worry too much providing we pay off what we owe in 28 days.

It was mentioned somewhere today that the club normally pays its PAYE/NI quarterly i.e. every 3 months.

Of corse we don't know when those quarterly payments fall but it might be that in the normal course of business the club are always £1.2m in arrears and therefore we shouldn't worry too much providing we pay off what we owe in 28 days.

Thats very unusual, its normally monthly , and for a business whose PAYE is about £400k I'd expect that to defo be the case.

who said it was quarterly mate ?

It was mentioned somewhere today that the club normally pays its PAYE/NI quarterly i.e. every 3 months.

Of corse we don't know when those quarterly payments fall but it might be that in the normal course of business the club are always £1.2m in arrears and therefore we shouldn't worry too much providing we pay off what we owe in 28 days.

Thats very unusual, its normally monthly , and for a business whose PAYE is about £400k I'd expect that to defo be the case.

who said it was quarterly mate ?

i always pay mine once a year in may and have never been charged intrest etc i dont think that is a legal requirment to do it monthly since 62 will be able to comfirm this ,i do it when my return is due in by may 19th

It was mentioned somewhere today that the club normally pays its PAYE/NI quarterly i.e. every 3 months.

Of corse we don't know when those quarterly payments fall but it might be that in the normal course of business the club are always £1.2m in arrears and therefore we shouldn't worry too much providing we pay off what we owe in 28 days.

Thats very unusual, its normally monthly , and for a business whose PAYE is about £400k I'd expect that to defo be the case.

who said it was quarterly mate ?

i always pay mine once a year in may and have never been charged intrest etc i dont think that is a legal requirment to do it monthly since 62 will be able to comfirm this ,i do it when my return is due in by may 19th

How many on your payroll ??

i always pay mine once a year in may and have never been charged intrest etc i dont think that is a legal requirment to do it monthly since 62 will be able to comfirm this ,i do it when my return is due in by may 19th[/quote]
it depends how many come and go in that year but at the most it was 15 only 8 this year


How many on your payroll ??[/quote]

it depends how many come and go in a year at the most 15 this year only 7

Yes Gwyn, but I make it more than that with fines, interest etc.

I'm not sure if fines etc kick in until the end of the financial year, though I could be wrong. If everything is sorted by mid april I'm not sure if there will be anything additional.

Yes Gwyn, but I make it more than that with fines, interest etc.

I'm not sure if fines etc kick in until the end of the financial year, though I could be wrong. If everything is sorted by mid april I'm not sure if there will be anything additional.

ive never had a fine on paye because ive always put the return in with money by may 19th for the previous tax year and never paid intrest on the amount

Because since the original 2.7 tax bill in November, our bill must have gone up by over a million pounds, it's over 500,000 pounds a month.

So basically we are in exactly the same position as we were, and the HMRC are still owed at least 2.7 million, they going to to help us ain't they.NOT.

Gwyn

I think the £2.7m was up to the end of December. HMRC would normally include an estimate for the current month when they issue a winding up petition. So all that would be due since would be the January bill , which is not payable until next week.Its probably our advance season ticket money that will pay that , in the same way that it has been used to pay the players their net salaries for January and to pay off some of the more pressing creditors for their work on the stadium (I know of a number of contractors who were finally paid their long overdue bills in January).

Where the hell the February , March and later wage bills , plus other running costs of the club is coming from if there is no substantial new investment God only knows (and he and I are not on best speaking terms to ask him).

Keith

I ask a simple question. Can our club's financial accounts please be made public? Is there a way that the shareholders can make this happen a.s.a.p. or is it expected to happen at the EGM?

Because since the original 2.7 tax bill in November, our bill must have gone up by over a million pounds, it's over 500,000 pounds a month.

So basically we are in exactly the same position as we were, and the HMRC are still owed at least 2.7 million, they going to to help us ain't they.NOT.

Gwyn

I think the £2.7m was up to the end of December. HMRC would normally include an estimate for the current month when they issue a winding up petition. So all that would be due since would be the January bill , which is not payable until next week.Its probably our advance season ticket money that will pay that , in the same way that it has been used to pay the players their net salaries for January and to pay off some of the more pressing creditors for their work on the stadium (I know of a number of contractors who were finally paid their long overdue bills in January).

Where the hell the February , March and later wage bills , plus other running costs of the club is coming from if there is no substantial new investment God only knows (and he and I are not on best speaking terms to ask him).

Keith

Keith, This months(ok) BUT Next months wages do worry me, but then today they received money from Chelsea and the Johnson deal, but thats where this months wage will prob come from. They cant even pay me for My Books lol.