Quote ="MrPhilb"How much profit did you make and how would paying your tax bill have changed that?'"
Well, profits for 2010 were approx £77k, 2009 about £100k, in 2008 it was close to £200k (mainly on the back of a trip to Wembley). Admittedly this is off the top of my head, as if you were that bothered, you couldhave looked them up yourself.
The additional tax liability created through the closing of the EBT loophole is tax payable on wages and salaries. As is the case for any revenue expense of that nature (staff costs) it is tax allowable for corporation tax. That being said, as Hull have large accumulated losses, I doubt there is a Corporation tax liability to pay.
Hope that helps