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| Quote ="Tricky2309"Presumeably the club take advice on taxation issues from the clubs solicitors/accountants and therefore assuming the problem is caused by bad advice re the interpretation of the tax laws, then the club may well have a claim against the Solicitors/Accountants concerned for the additional money we have been asked to pay. Both sets of professionals will have to carry Professional Indemnity Insurance as a requirement of their membership of their Professional Bodies (and this insurance is designed to cover such claims).
The club would have to demonstrate the advice was negligent, but maybe this is why they can't comment further on the matter at this stage, as they don't want to have any adverse effect on their rights of recourse against their professional advisers.
I appreciate that we are unlikely to be so lucky as to have this avenue to pursue, but we can live in hope!!!'"
I doubt that this will be the case. Its more likely that we owed HMRC whether that be PAYE, VAT, Image Rights or Capital Gains Tax on the sale of the Ground and due to cash flow issues have failed to pay the Revenue. The Revenue then issues a High Court Writ seeking payment. We then make an initial lump sum payment (possibly the Atkins money)and the Revenue agree that we pay off the remainder by installments.
Provided we pay whats outstanding we are fine, fail to pay and the Revenue will "wind us up". No one beats the TaX Man.
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| I don't know if this has been said already, but here is a case very similar to our own:
[urlhttp://news.bbc.co.uk/sport1/hi/football/teams/n/notts_county/8351449.stm[/url
this relates to PAYE and VAT submissions.
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| Quote ="Khlav Kalash"www.hmcourts-service.gov.uk/cms/list_companies_winding.htm
18567 /2009 Halifax Rugby League Football Club Limited
So that’s Halifax too at the mercy of the taxman.'"
Lets hope they can get through this time they've had an awful last couple and years and as soon as things were looking up, they might be looking at winding down
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Quote ="Khlav Kalash"www.hmcourts-service.gov.uk/cms/list_companies_winding.htm
18567 /2009 Halifax Rugby League Football Club Limited
So that’s Halifax too at the mercy of the taxman.'"
Not the case, it would seem
viewtopic.php? ... 5#14721075
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Quote ="Khlav Kalash"www.hmcourts-service.gov.uk/cms/list_companies_winding.htm
18567 /2009 Halifax Rugby League Football Club Limited
So that’s Halifax too at the mercy of the taxman.'"
Not the case, it would seem
viewtopic.php? ... 5#14721075
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good,
they are a contender to get a super league place but would hate to see them go to administration
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good,
they are a contender to get a super league place but would hate to see them go to administration
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| Isn't it about time that this thread (and the other on the VT) got locked.
Thanks to a statement from the club that leaves us with more questions than answers, open threads on the subject are just providing a source of enjoyment for trolls.
Personally, I think it's a real shame that the first time the new PR guy at the club could have done something to show his worth and IMHO he's failed miserably.
Maybe he should be shown the door (if only to find a little bit more to pay Mr Tax Man with ).
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| Quote ="RDM"Personally, I think it's a real shame that the first time the new PR guy at the club could have done something to show his worth and IMHO he's failed miserably.'"
Actually I think the response was his idea! It may not suit everyone, but it did mean that there was little for the press to print and therefore the story blew over very quickly - with the exception of a few on here.
It's business as normal down at the Hearwell!
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| been told at dinner time today by a wakey fan that the taxman has been paid off tell me if you have heard anything or is it just him talking tripe
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| Quote ="TRB"Actually I think the response was his idea! It may not suit everyone, but it did mean that there was little for the press to print and therefore the story blew over very quickly - with the exception of a few on here.
It's business as normal down at the Hearwell!
'"
Never thought there was anything normal about the business side of the club
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| always look forward to the derby games the super league wudnt be good without the derbys between leeds and wakey
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| I doubt he's been paid off fully. I think we've just come to an arrangement to pay it in installments??
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| just wondering mate thats all as i thought on here i wud probably find out that listening to hear say at work
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| Quote ="mallcmjlm"just wondering mate thats all as i thought on here i wud probably find out that listening to hear say at work'" it would only be hear say on here too, like its been mentioned earlier it will be all sorted on a time scale
unless its something is made public I don't see anything to worry us at the moment
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| Quote ="RDM"Isn't it about time that this thread (and the other on the VT) got locked.
Thanks to a statement from the club that leaves us with more questions than answers, open threads on the subject are just providing a source of enjoyment for trolls.
Personally, I think it's a real shame that the first time the new PR guy at the club could have done something to show his worth and IMHO he's failed miserably.
Maybe he should be shown the door (if only to find a little bit more to pay Mr Tax Man with
).'"
to lock the thread isn't going to change the fact that the news that we received just shows how volatile sport can be one day you can be in the black riding high the next season out of control and in debt,
you only have to look at the way Leeds United fell into debt and we haven't been successful for some time,
personally its like water off a ducks back we've been there had the taunts so I don't see what harm it can do as the club had announced that has made arrangements to fore fill its commitments to the HMRC and I'm sure the trolls posts can put trash bin.
As for the comment of Mr Hexley letting us down with PR, it wasn't an ideal situation to walk into the job was it,
having spoken to him he comes over as very enthusiastic and I have also had good reports from where he came so I would like to think he has this all under control and is ready for the coming season so at least allow so time to settle in
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| Quote ="RDM"Personally, I think it's a real shame that the first time the new PR guy at the club could have done something to show his worth and IMHO he's failed miserably.
Maybe he should be shown the door (if only to find a little bit more to pay Mr Tax Man with
).'"
Finally we get a professional in the role and some call for his head. Do we really want to go back to amateurs with no experience or the days of a flash of leg to get publicity for the club? By seasons end, you'll see the difference if he's allowed to get the message out in the same way Mr. Smart does at Cas. Even Fev have been better than us at this....
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| Quote ="Don Brennans Leg"Never thought there was anything normal about the business side of the club
'"
I did think I'd left a flaw in my argument!
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All the Catalans stuff is now in the thread of its own, for those who want to add to it.
viewtopic.php? ... 0#14722460
Wakey and the taxman stuff in here, please.
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All the Catalans stuff is now in the thread of its own, for those who want to add to it.
viewtopic.php? ... 0#14722460
Wakey and the taxman stuff in here, please.
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| Quote ="snowie"to lock the thread isn't going to change the fact that the news that we received just shows how volatile sport can be one day you can be in the black riding high the next season out of control and in debt,
you only have to look at the way Leeds United fell into debt and we haven't been successful for some time,
personally its like water off a ducks back we've been there had the taunts so I don't see what harm it can do as the club had announced that has made arrangements to fore fill its commitments to the HMRC and I'm sure the trolls posts can put trash bin.
As for the comment of Mr Hexley letting us down with PR, it wasn't an ideal situation to walk into the job was it,
having spoken to him he comes over as very enthusiastic and I have also had good reports from where he came so I would like to think he has this all under control and is ready for the coming season so at least allow so time to settle in'"
I'm the last person who needs to be told about how quickly business can seem rosy one minute & be seeing it go down the drain the next. My work has seen me very closely involved with a number of seemingly successful businesses hitting the buffers over the last couple of years. Some could be linked directly to the credit crunch and others to management that was either incompetent or corrupt.
I'm not making any criticism over the way in which the club have found themselves with this tax bill. I'm sure that this whole mess will be either linked to taxes they were advised would not be payable or simply taking advantage of PAYE/VAT deferral that HMRC were encouraged to offer to help companies cope with the impact of the credit crunch. It would also be interesting to know how early the bank manager got told about this - I wouldn't expect he'd be too pleased if he found out through the various media reports!
I have no doubt that we'll come through this without any problem, but I feel that the new PR guy (and I don't doubt his credentials) could and should have done a lot better with this. The club statement came out before any press reports were being widely circulated so having just a little bit more explanation could have allayed a lot of people's concerns.
I don't want to see us going the same way as Cas have done in recent months spouting PR tripe for the sake of keeping certain issues in the public eye to give the impression of progress (before any Cas fans moan about this, my work has allowed me to be close enough to the truth about some comments from the club to know that they were doing almost as good a job as Campbell & Mandelson did in the late 90's with "New Labour"icon_wink.gif but Wakefield simply cannot tell half the story with major issues that affect the club in the future.
I'm glad that as a shareholder I'll have the opportunity to ask for more answers from the Board. Hopefully the answer won't be as woolly as the official statement.
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| Any news on the tax issue?
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| Being paid off as agreed, quite a big chunk is no longer outstanding.
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| Quote ="Adeybull"Yes, I will go away now. You guys have lived up to your reputation of shooting the messenger when faced with inconvenient truths yet again.
Just out of interest, how many of you lot have actually wound up a company? Or signed a balance sheet? Or a circular to shareholders of a plc where you accept personal liability for what happens if it transpires there is NOT enough working capital for the next 12 months? Or worked on corporate insolvencies? Or taken action against a company in the High Court to recover a debt? Or negotiated with HMRC or its predecessors? I have done all of these things, but not to worry - you know better, so that's OK then.
I came in peace (again), trying to help. Despite having sworn that I would not darken your doors on this unpleasant and unwelcoming board ever again. I leave having joined the ranks of those who hold the view that you deserve all the tribulations that you get. Well done.'"
Good for you I am sure your Blue Peter badge is in the post.
As a Bradford fan shouldn't you take a long hard look at your own club's financial history, just in case you struggle they were Northern (sorry Norvern) before they were the Bulls. When you have looked at that and can say without question that they have an impeccable history, you will be welcome to come back and big yourself up, until that day just jog on, oh before I forget, the site you are looking for is Monster for posting your CV, not a wakey forum.
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| Please don't shoot the messenger :- but by my mental arithmetic,(assisted by the removal of both socks ) it seems the 84 days allowed for the payment to HMRC is due on the 27th.
Can someone confirm the payment has been made or whether it will be one of those 'last minute' jobs.
( I type this in the belief that there have not been any injuries sustained at Hunslet and wanting some further good news prior to travel to London - not to mention an undisturbed sleep pattern )
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| £150,00 loan from the Co Op covered by WMDC comes just in time!!!
Design Costs My
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| Quote ="allmatt"£150,00 loan from the Co Op covered by WMDC comes just in time!!!
Design Costs My
'"
How cynical!
Wakefield Trinity haven’t applied for a loan for the design fee’s.
HTH.
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