Matt Posted December 30, 2009 Share Posted December 30, 2009 The Revenue have taken a very hard line with football clubs, having been criticised for being too soft in a number of earlier cases. They shut down Kings Lynn a few weeks ago and they'd shut down Portsmouth too, size is not an object, it's all about ensuring debt recovery and more importantly providing a warning to future transgressors. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted December 30, 2009 Share Posted December 30, 2009 The Revenue have taken a very hard line with football clubs, having been criticised for being too soft in a number of earlier cases. They shut down Kings Lynn a few weeks ago and they'd shut down Portsmouth too, size is not an object, it's all about ensuring debt recovery and more importantly providing a warning to future transgressors. You're right to an extent, but the amount a club like Portsmouth pays over in VAT, PAYE etc means it's highly unlikely they'll be being wound up. The case of Kings Lynn doesn't compare. Link to post Share on other sites More sharing options...
Mr Logic Posted December 30, 2009 Share Posted December 30, 2009 http://i47.tinypic.com/1694y2a.jpg Link to post Share on other sites More sharing options...
Guest toonlass Posted December 30, 2009 Share Posted December 30, 2009 http://i47.tinypic.com/1694y2a.jpg I think the lads who sit next to him should be given the Freedom of Portsmouth for having to put up with that freaking bell. I would have shoved it up his arse long ago. Link to post Share on other sites More sharing options...
Dave Posted December 30, 2009 Share Posted December 30, 2009 Too many zeros. Link to post Share on other sites More sharing options...
Guest gggg Posted December 30, 2009 Share Posted December 30, 2009 The Revenue have taken a very hard line with football clubs, having been criticised for being too soft in a number of earlier cases. They shut down Kings Lynn a few weeks ago and they'd shut down Portsmouth too, size is not an object, it's all about ensuring debt recovery and more importantly providing a warning to future transgressors. Size obviously is an object which is why non league clubs go bust and league clubs don't. The size of the debt too, Whenever a team goes out of business the debt is usually tiny, one team went this season oweing something like 7k. Link to post Share on other sites More sharing options...
ikri Posted December 30, 2009 Share Posted December 30, 2009 http://i47.tinypic.com/1694y2a.jpg I'm pretty sure that Portsmouth would quite happily sacrifice him in the centre circle if it meant that Fratton Park nearly doubled in capacity to 37000 seats. Link to post Share on other sites More sharing options...
Matt Posted December 30, 2009 Share Posted December 30, 2009 The Revenue have taken a very hard line with football clubs, having been criticised for being too soft in a number of earlier cases. They shut down Kings Lynn a few weeks ago and they'd shut down Portsmouth too, size is not an object, it's all about ensuring debt recovery and more importantly providing a warning to future transgressors. Size obviously is an object which is why non league clubs go bust and league clubs don't. The size of the debt too, Whenever a team goes out of business the debt is usually tiny, one team went this season oweing something like 7k. No- size helps league clubs because there is more interest in saving the club and paying the Revenue what they are owed. It doesn't impact on the decisions made by HMRC. Link to post Share on other sites More sharing options...
Dokko Posted December 30, 2009 Share Posted December 30, 2009 Utaka is on 80k a week ? Did Harry sign him ? He turned us down, even we weren't made enough to offer him those kind of mental wages. Link to post Share on other sites More sharing options...
9 Posted December 30, 2009 Share Posted December 30, 2009 http://www.petersfieldbookshop.com/index.htm i am going to spend a whole day calling the shop number and ringing a bell down then line over and over again, see how he likes it !! Link to post Share on other sites More sharing options...
Ketsbaia Posted December 30, 2009 Share Posted December 30, 2009 i don't really know this legal stuff, but it must be pretty serious if its overshadowing megson today? they'll find a way not to go bust, but if that means even more players leaving, they may as well prepare for the Championship. Link to post Share on other sites More sharing options...
ikri Posted December 30, 2009 Share Posted December 30, 2009 They may as well go into administration now, with the debts they have they'll have to sell a load of players just to keep afloat and it'll almost certainly guarantee relegation. If they do manage to somehow cover their debts but end up being relegated anyway they'll be in exactly the same situation next year. Go into administration & get relegated or get relegated & go into administration, I can't see what other options they really have. Link to post Share on other sites More sharing options...
madras Posted December 30, 2009 Share Posted December 30, 2009 wasn't too long ago some were exhorting us to follow pompeys example in showing ambition. Link to post Share on other sites More sharing options...
BlueStar Posted December 30, 2009 Share Posted December 30, 2009 Porstmouth are denying they've been given a winding up order now. Link to post Share on other sites More sharing options...
Dave Posted December 30, 2009 Share Posted December 30, 2009 http://www.portsmouthfc.co.uk/LatestNews/news/PFC-Statement-433.aspx Portsmouth Football Club has not been formally served with a winding up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed. The club is disputing the VAT amount outstanding and has formally notified HMRC of this. We expect HMRC to withdraw their demands forthwith. Otherwise we anticipate a hearing being held in early January 2010 during which we will request that the High Court order HMRC to withdraw their demands. Since the takeover by Ali Al Faraj in October 2009, extreme efforts have been made to reach payment arrangements with HMRC to allow the owner time to deal with inherited debt. To date the new owner has injected a total of £9.7m of new funds to HMRC - £5.7m paid and security to the value of £4M. In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners’ decisions and the current owner is committed to resolving this and moving forward. Link to post Share on other sites More sharing options...
madras Posted December 30, 2009 Share Posted December 30, 2009 http://www.portsmouthfc.co.uk/LatestNews/news/PFC-Statement-433.aspx Portsmouth Football Club has not been formally served with a winding up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed. The club is disputing the VAT amount outstanding and has formally notified HMRC of this. We expect HMRC to withdraw their demands forthwith. Otherwise we anticipate a hearing being held in early January 2010 during which we will request that the High Court order HMRC to withdraw their demands. Since the takeover by Ali Al Faraj in October 2009, extreme efforts have been made to reach payment arrangements with HMRC to allow the owner time to deal with inherited debt. To date the new owner has injected a total of £9.7m of new funds to HMRC - £5.7m paid and security to the value of £4M. In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners’ decisions and the current owner is committed to resolving this and moving forward. i wonder if the disputing of the ammount could be used as a stalling tactic ? Link to post Share on other sites More sharing options...
Mike Posted December 30, 2009 Share Posted December 30, 2009 That's a shame for the pompey fans. Link to post Share on other sites More sharing options...
Guest gggg Posted December 30, 2009 Share Posted December 30, 2009 Eh? They haven't been issued with a winding up order but they are shocked that they have and will go to court to get them to withdraw it. They have paid but they haven't - 'about too' my arse. And what is 'security to the value of £4M'. Link to post Share on other sites More sharing options...
Pilko Posted December 30, 2009 Share Posted December 30, 2009 That's a shame for the pompey fans. Except for bell-wielding bell end, with that fucking hat. Link to post Share on other sites More sharing options...
Guest toonlass Posted December 30, 2009 Share Posted December 30, 2009 http://www.portsmouthfc.co.uk/LatestNews/news/PFC-Statement-433.aspx Portsmouth Football Club has not been formally served with a winding up petition and is shocked and surprised this action has been taken in respect of VAT, PAYE and National Insurance Contributions which either have been, or are about to be paid, or are disputed. The club is disputing the VAT amount outstanding and has formally notified HMRC of this. We expect HMRC to withdraw their demands forthwith. Otherwise we anticipate a hearing being held in early January 2010 during which we will request that the High Court order HMRC to withdraw their demands. Since the takeover by Ali Al Faraj in October 2009, extreme efforts have been made to reach payment arrangements with HMRC to allow the owner time to deal with inherited debt. To date the new owner has injected a total of £9.7m of new funds to HMRC - £5.7m paid and security to the value of £4M. In such a tough economic environment the club finds it hard to understand this action by HMRC. It is well known that the business has been in a difficult position following former owners’ decisions and the current owner is committed to resolving this and moving forward. Spot the contradictions Link to post Share on other sites More sharing options...
Fugazi Posted December 30, 2009 Share Posted December 30, 2009 At least we know how Avram will comfort himself. Link to post Share on other sites More sharing options...
Keefaz Posted December 30, 2009 Share Posted December 30, 2009 "To date the new owner has injected a total of £9.7m of new funds to HMRC" Link to post Share on other sites More sharing options...
Exiled in Texas Posted December 30, 2009 Share Posted December 30, 2009 We don't want to know what Avram has injected or to who Link to post Share on other sites More sharing options...
Stifler Posted December 30, 2009 Share Posted December 30, 2009 Didn't the new owner leave within a couple of days? Link to post Share on other sites More sharing options...
Guest neesy111 Posted December 30, 2009 Share Posted December 30, 2009 Didn't the new owner leave within a couple of days? that was their previous owner, who was their for a couple of days Link to post Share on other sites More sharing options...
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