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Pre-Match Thread HMRC v SUFC - FINAL hearing on 1st March. DISMISSED

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Outcome of HMRC court case 1 March

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Ok so Yes HRMC want there money .But to stiop the club paying the players is scanderless They are not hurting the club but they are stoping players paying there bills .What kind of people do that to any person if true .
 
Dave Smiths Love Child said:
This is not HMRC being knobs, but RM for trying his luck too many times with HMRC, you can only call wolf so many times
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True but to hit the players by refuseing the club to at least give them there wages is wrong .Its Ron martin they need to hurt not the playing staff .Ans do they not get it stopping there wages means no tax from them either .
 
pottster said:
Hmrc do not have the power to stop the club paying the players.
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Maybe not But i have had many run ins with HRMC . I am still paying back tax from many years ago .When a company i work for incorrecty pay my tax .It was not untill i got a threat frpm the wonderfull tax man demarnding i payed a large amount back .Try as i did to exspaine My company was the wrong for not paying my correct taxes ..They did agree that it was indeed a fault of the wages clerk that had made the error .But still insisted i had to pay a large sum i did not have .Did they care no im still paying it now .
 
Some on here appear to be assuming that the full £5M bridging finance will be available to the football club. I am not sure this is the case. Firstly, on many bridging loans the lender deducts an arrangement fee and the interest during the loan form the advance. This could be £500K.

There is also the issue of the Marin Dawn companies being subject to their own Winding Up Petitions. My guess is the bridging loan will have to cover this as well. In the las accounts on Companies House £2.4M was owed at the end of 2020. Does any body think that the sum now outstanding is likely to be less? RM cannot allow Martin Dawn Plc to be wound up as it owns a significant shareholding in the football club. It would make Ron's life considerably more difficult if he had to deal with another shareholder in the football as the relocation to FF is an integral part of the development plans.

I do not buy RM's statement that the liability of these companies has been paid to HMRC. If that were the case, the petition would have been dismissed and not adjourned at the last hearing. from the time of the service of the Statutory demand to the first hearing of the petition would have been not significantly less than 10 weeks. In that time it is possible to prove payment, if it has been made. the most likely scenario is that the adjournment was to allow the bridging finance to proceed.

We have debts outside the petition debt. it is anyone's guess what these actually are. I personally cannot see the bridging loan even clearing all the current debts let alone providing funding to the end of the season and beyond.

Under NL rules all payments to HMRC must be up to date to get an embargo lifted. Just paying the petition debt will not be sufficient. In the period since the petition was issued at least 2 quarters VAT will be due and several months PAYE.
 
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