Have They Paid That Tax Bill Yet?

[Mikey]

:I'm waiti

[greenginger]

Nothing on Heart's official site to say they have, and they have been pretty quick to confirm payments in the past.


Hope they don't have a Glitch in their system this week :wink: or that the meaning of a Winding -Up Order has not been lost in translation.

[cabbageandribs1875]

i thought it was the 15th for the tax thing, and 16th for the wages ?

[JoeTortolanoFanClub]

Nothing on Heart's official site to say they have, and they have been pretty quick to confirm payments in the past.


Hope they don't have a Glitch in their system this week :wink: or that the meaning of a Winding -Up Order has not been lost in translation.

nutartimi skiriamas likvidavimas :devil:

[Caversham Green]

That notice wasn't a deadline to pay the tax - that's been and gone for some time - it was just advertising the fact that a winding up hearing was about to be scheduled and advising that anyone wishing to make representations relating to the petition should make themselves known before the 15th.

After the 15th, if the tax hasn't been paid a date will be set for the hearing. If the Yams pay up before the hearing the petition will be dismissed and they will struggle on for a wee while longer.

[YehButNoBut]

Can't see both happening this week, no home game for a couple of weeks, no income from player sales (nice one Kello), tax bill due on Wednesday, wages on Thursday.

Think they will have to pay the HMRC so the players will have to wait again.

[Hibbylad86]

That notice wasn't a deadline to pay the tax - that's been and gone for some time - it was just advertising the fact that a winding up hearing was about to be scheduled and advising that anyone wishing to make representations relating to the petition should make themselves known before the 15th.

After the 15th, if the tax hasn't been paid a date will be set for the hearing. If the Yams pay up before the hearing the petition will be dismissed and they will struggle on for a wee while longer.

CG,

In all your time in the accountancy know how have you seen anything like this with companies in the past? Or something similar? Seems to be time is ticking on this but when will the end game come? There has to be a point where all this wage, tax, and any other avoidance will come home to roost?!

[greenginger]

That notice wasn't a deadline to pay the tax - that's been and gone for some time - it was just advertising the fact that a winding up hearing was about to be scheduled and advising that anyone wishing to make representations relating to the petition should make themselves known before the 15th.

After the 15th, if the tax hasn't been paid a date will be set for the hearing. If the Yams pay up before the hearing the petition will be dismissed and they will struggle on for a wee while longer.

Can anyone make representations ? for instance,

" Please wind up the Gorgie Bassa's . Their failure to pay their taxes on time means hardship for everyone else. " :greengrin

[CropleyWasGod]

CG,

In all your time in the accountancy know how have you seen anything like this with companies in the past? Or something similar? Seems to be time is ticking on this but when will the end game come? There has to be a point where all this wage, tax, and any other avoidance will come home to roost?!

Happens all the time. And that's not Yamanomics, it's the way things do happen.

Normally, it is a clear sign that the company is on a downward spiral. Sometimes, they can use the system (ie the fact that bureaucracy moves slowly) to buy time and they can then trade out of it. Often as not, though, it's a precursor to insolvency.

It has a worse effect on Hearts than it would do on less visible companies. Other suppliers will see that they are struggling, and either refuse to deal with them or ask for cash up front. That just makes the slide much more steep.

[Hibbylad86]

Happens all the time. And that's not Yamanomics, it's the way things do happen.

Normally, it is a clear sign that the company is on a downward spiral. Sometimes, they can use the system (ie the fact that bureaucracy moves slowly) to buy time and they can then trade out of it. Often as not, though, it's a precursor to insolvency.

It has a worse effect on Hearts than it would do on less visible companies. Other suppliers will see that they are struggling, and either refuse to deal with them or ask for cash up front. That just makes the slide much more steep.

Cheers CWG

It is most defo tick tock over gorgie way. There business model is unsustainable and with some of the top earners not leaving in January it will only make things worse.

Predictions on how it will unfold/end?

[Caversham Green]

CG,

In all your time in the accountancy know how have you seen anything like this with companies in the past? Or something similar? Seems to be time is ticking on this but when will the end game come? There has to be a point where all this wage, tax, and any other avoidance will come home to roost?!


Happens all the time. And that's not Yamanomics, it's the way things do happen.

Normally, it is a clear sign that the company is on a downward spiral. Sometimes, they can use the system (ie the fact that bureaucracy moves slowly) to buy time and they can then trade out of it. Often as not, though, it's a precursor to insolvency.

It has a worse effect on Hearts than it would do on less visible companies. Other suppliers will see that they are struggling, and either refuse to deal with them or ask for cash up front. That just makes the slide much more steep.

What he said.

These things grind on very slowly and anyone expecting the Yams to go pop on Wednesday will be disappointed. However, I believe this is the fifth WUP to be presented and the most I've seen previously is three - the company concered was wound up on the third petition. The Yams' problem is that without Mr Romanov's benevolence or an extremely rich and foolish buyer their case is hopeless. Any proper business would have given up by now.

[Caversham Green]

Cheers CWG

It is most defo tick tock over gorgie way. There business model is unsustainable and with some of the top earners not leaving in January it will only make things worse.

Predictions on how it will unfold/end?

That's a difficult one. They can keep going for as long as Mr R can keep financing them, but generally the advice to the directors of a business in as bad a state as HoMFC would be to close the doors now and start liquidation procedures - I doubt if administration could help them. That means they could close down today, although I very much doubt if they will. Vlad willing, they'll probably struggle on to the end of the season and then try to sell their players again. Even after that though, I'm struggling to see a sustainable football club emerging.

[IWasThere2016]

Happens all the time. And that's not Yamanomics, it's the way things do happen.

Normally, it is a clear sign that the company is on a downward spiral. Sometimes, they can use the system (ie the fact that bureaucracy moves slowly) to buy time and they can then trade out of it. Often as not, though, it's a precursor to insolvency.

It has a worse effect on Hearts than it would do on less visible companies. Other suppliers will see that they are struggling, and either refuse to deal with them or ask for cash up front. That just makes the slide much more steep.

the noose is tightening .. muhahahahahahahaaaaaaaaaaaaaaa

[MB62]

That's a difficult one. They can keep going for as long as Mr R can keep financing them, but generally the advice to the directors of a business in as bad a state as HoMFC would be to close the doors now and start liquidation procedures - I doubt if administration could help them. That means they could close down today, although I very much doubt if they will. Vlad willing, they'll probably struggle on to the end of the season and then try to sell their players again. Even after that though, I'm struggling to see a sustainable football club emerging.

And during the meantime, their debt will continue to grow ever larger as their income fails to meet their expenditure.

[bighairyfaeleith]

when is the next set of accounts due for them?

[CropleyWasGod]

when is the next set of accounts due for them?

Up to 31 July 2011. They haven't been submitted yet, and are now overdue.

Another fine :rolleyes:

[Part/Time Supporter]

They always file their accounts late, usually in May. This is because their auditor can't sign off the accounts because of the level of uncertainty about their ability to continue trading for the following year. They are able to sign off once Hearts get through to the following spring because that's when the season ticket money starts coming in. It's a similar situation to what the Huns are now in, where the auditor is refusing to sign off until the big tax case is out of the way.

[green glory]

With no money coming in from a home game before the due date it could be an interesting week up at Georgie Street or whatever it's called. FWIW I don't want the turds to disappear, I'm looking forward to next season's weakened HOMFC torn to shreds by Paddy Fenlon's new model Hibees.

As for the Current Buns? Die. :devil:

[greenginger]

They always file their accounts late, usually in May. This is because their auditor can't sign off the accounts because of the level of uncertainty about their ability to continue trading for the following year. They are able to sign off once Hearts get through to the following spring because that's when the season ticket money starts coming in. It's a similar situation to what the Huns are now in, where the auditor is refusing to sign off until the big tax case is out of the way.


Audited accounts must be submitted to the SFA by 31st March or no Euro license to play European Footie next season. :agree:

[DC_Hibs]

Vlad willing, they'll probably struggle on to the end of the season and then try to sell their players again. Even after that though, I'm struggling to see a sustainable football club emerging.

That'll be Templeton and Driver who both have just one year left in the summer.

[Caversham Green]

Up to 31 July 2011. They haven't been submitted yet, and are now overdue.

Another fine :rolleyes:

They shortened their accounting reference date to 30 June, which means that the accounts were due by 31 December - the fine racks up the later they get.


They always file their accounts late, usually in May. This is because their auditor can't sign off the accounts because of the level of uncertainty about their ability to continue trading for the following year. They are able to sign off once Hearts get through to the following spring because that's when the season ticket money starts coming in. It's a similar situation to what the Huns are now in, where the auditor is refusing to sign off until the big tax case is out of the way.

The auditors have a real problem this year. The audit reports for the last four or five years have stated that HoMFC was only a going concern through the continued financial support of their parent company. This year the owner of said company has stated that that financial support will no longer be forthcoming and HoMFC have carried statements to that effect on their own website. The conclusion has to be that HoMFC are no longer a going concern and the audit report would have to reflect that. An audit report stating that a company is not a going concern is pretty much self-fulfilling.

[Mikey]

That notice wasn't a deadline to pay the tax - that's been and gone for some time - it was just advertising the fact that a winding up hearing was about to be scheduled and advising that anyone wishing to make representations relating to the petition should make themselves known before the 15th.

After the 15th, if the tax hasn't been paid a date will be set for the hearing. If the Yams pay up before the hearing the petition will be dismissed and they will struggle on for a wee while longer.

What's the timescale likely to be after Wednesday? How long will it be before the hearing and do they get another deadline after the hearing or is that it?

[Gatecrasher]

Will they be getting Penaltys for the winding up order? it must be consting the taxpayer a bit of dosh to keep threatning them like this.

[Dr Jimmy]

They shortened their accounting reference date to 30 June, which means that the accounts were due by 31 December - the fine racks up the later they get.



The auditors have a real problem this year. The audit reports for the last four or five years have stated that HoMFC was only a going concern through the continued financial support of their parent company. This year the owner of said company has stated that that financial support will no longer be forthcoming and HoMFC have carried statements to that effect on their own website. The conclusion has to be that HoMFC are no longer a going concern and the audit report would have to reflect that. An audit report stating that a company is not a going concern is pretty much self-fulfilling.

Are their not legal ramifications for the directors of companies that continue to trade in this financial state?

[CropleyWasGod]

Are their not legal ramifications for the directors of companies that continue to trade in this financial state?

Yup.

If a company trades while insolvent, directors can be held personally liable for all debts incurred by the company after that insolvency is established.

[Sergey]

They always file their accounts late, usually in May. This is because their auditor can't sign off the accounts because of the level of uncertainty about their ability to continue trading for the following year. They are able to sign off once Hearts get through to the following spring because that's when the season ticket money starts coming in.
It's a similar situation to what the Huns are now in, where the auditor is refusing to sign off until the big tax case is out of the way.

As an aside, on Friday, Chelsea settled a £6.4m bill due to HMRC from an investigation into 'image rights' after it was found that they were paying corporation tax rather than income tax.

This is the exact same scenario that befalls both Rangers and Hertz and the winning of the Chelsea claim could be the test case that'll ensure victory for HMRC against RFC and Hertz.

[Dashing Bob S]

This is all fabulous exciting news. A bit like knowing you're going to win half-a-dozen consecutive Scottish Cups in the near future.

I'm in no hurry - I'm just enjoying this part of it all.

[Caversham Green]

What's the timescale likely to be after Wednesday? How long will it be before the hearing and do they get another deadline after the hearing or is that it?

The timescale is up to the court now - they will set a date when they have space in their schedule. That will happen whether or not the Yams pay up, if they pay the hearing will be to dismiss the petition as we've seen in the past. If they don't pay there are no more chances, a winding up order will be granted and it's toasted yam for tea.

It's worth googling winding up petitions to see just how serious they are. They also cost both sides a fair amount of money which I would expect HMRC to try to recover if the petition fais.

[Barney McGrew]

I'm assuming today's news from Castle Greyskull won't be going well at Vlad Towers.

After all, are they still not owed some money from the Lee Wallace transfer? It would be highly amusing if the Huns going pop is the straw that eventually leads to Hertz going the same route.

:greengrin

[Dashing Bob S]

The timescale is up to the court now - they will set a date when they have space in their schedule. That will happen whether or not the Yams pay up, if they pay the hearing will be to dismiss the petition as we've seen in the past. If they don't pay there are no more chances, a winding up order will be granted and it's toasted yam for tea.

It's worth googling winding up petitions to see just how serious they are. They also cost both sides a fair amount of money which I would expect HMRC to try to recover if the petition fais.

It's a good idea to toast the Yam thoroughly. As this article makes clear, 'Yam's are toxic when eaten raw.'

http://homecooking.about.com/od/foodstorage/a/yamstorage.htm

The neighbour's house is getting torched tonight!

[Dr Jimmy]

The timescale is up to the court now - they will set a date when they have space in their schedule. That will happen whether or not the Yams pay up, if they pay the hearing will be to dismiss the petition as we've seen in the past. If they don't pay there are no more chances, a winding up order will be granted and it's toasted yam for tea.

It's worth googling winding up petitions to see just how serious they are. They also cost both sides a fair amount of money which I would expect HMRC to try to recover if the petition fais.

If this did happen, would it leave the door open for someone to buy them on the cheap or does it mean night night yamboids?

[jgl07]

If this did happen, would it leave the door open for someone to buy them on the cheap or does it mean night night yamboids?

If they are would up they would be out of the League. A new club could be formed and try to enter SFL Division 3 or take over East Stirlingshire and relocate them to Livingston and change their name.

[Mikey]

As an aside, on Friday, Chelsea settled a £6.4m bill due to HMRC from an investigation into 'image rights' after it was found that they were paying corporation tax rather than income tax.

This is the exact same scenario that befalls both Rangers and Hertz and the winning of the Chelsea claim could be the test case that'll ensure victory for HMRC against RFC and Hertz.

Rangers fans are jumping to the conclusion that they've lost their tax case and that's what's forced Administration.

If those two have lost their case then so have Hearts.

Take a bow Mr Ogilvie :applause:

[Caversham Green]

If this did happen, would it leave the door open for someone to buy them on the cheap or does it mean night night yamboids?

No, winding up means going out of business, full stop. As jgl07 says someone could start up a new club and buy the assets from the liquidator but HoMFC as we know it would be dead.

[Dashing Bob S]

No, winding up means going out of business, full stop. As jgl07 says someone could start up a new club and buy the assets from the liquidator but HoMFC as we know it would be dead.

Some would say that it really died back in May 86.

[CropleyWasGod]

Some would say that it really died back in May 86.

What happened then, Bob? :confused:

[MB62]

Rangers fans are jumping to the conclusion that they've lost their tax case and that's what's forced Administration.

If those two have lost their case then so have Hearts.
Take a bow Mr Ogilvie :applause:

Are hearts going through the same investigation?

[CropleyWasGod]

Are hearts going through the same investigation?

In essence, yes. It's about the use of Employee Benefit Trusts. "A cheaper way of attracting second-rate foreigners." :greengrin

[bingo70]

Rangers fans are jumping to the conclusion that they've lost their tax case and that's what's forced Administration.

If those two have lost their case then so have Hearts.

Take a bow Mr Ogilvie :applause:


Are hearts going through the same investigation?

I thought hearts are getting done for not paying tax bills when they were supposed to? I don't think they're being investigated for fiddling the taxman but i've been wrong once before so i could be again

[CropleyWasGod]

I thought hearts are getting done for not paying tax bills when they were supposed to? I don't think they're being investigated for fiddling the taxman but i've been wrong once before so i could be again

Two separate things.

1. they are being investigated for the use of EBT's.

2. they're no payin him anyways!

[MB62]

Two separate things.

1. they are being investigated for the use of EBT's.
2. they're no payin him anyways!

EBT's? :dunno: :confused:

[Dashing Bob S]

What happened then, Bob? :confused:

As I recall there was some squabble over a sporting contest, I think in Dundee, of all places. Apparently, it didn't work out well for the Yams. Astonishingly, some still speak of it to this day.

[bingo70]

Two separate things.

1. they are being investigated for the use of EBT's.

2. they're no payin him anyways!

Has that been in the papers or anything? Don't worry, i'm not expecting a link i just can't remember ever reading that and i normally take great delight in hearing about their financial demise

[CropleyWasGod]

EBT's? :dunno: :confused:

Employee Benefit Trusts.... see my previous post, just after yours.

[Dashing Bob S]

I thought hearts are getting done for not paying tax bills when they were supposed to? I don't think they're being investigated for fiddling the taxman but i've been wrong once before so i could be again


As long as it's just the taxman they are being investigated for fiddling.

After all, their reputation precedes them.

[Mikey]

Two separate things.

1. they are being investigated for the use of EBT's.

2. they're no payin him anyways!

Yep. When Campbell Ogilvie rolled up at Hearts he said......... "This is what we did to reduce the tax bill at Rangers. It's really clever........."

It just so happens that Hearts aren't paying their normal tax bills either.

[Part/Time Supporter]

Has that been in the papers or anything? Don't worry, i'm not expecting a link i just can't remember ever reading that and i normally take great delight in hearing about their financial demise

Their last accounts (published in May 2011) had a note stating that they were subject to an ongoing tax investigation.

[Sergey]

I thought hearts are getting done for not paying tax bills when they were supposed to? I don't think they're being investigated for fiddling the taxman but i've been wrong once before so i could be again

There is a handful of clubs that HMRC are investigating for paying 'image rights'. This allowed clubs to pay players and reduce the tax bills. Instead of receiving all their salaries as normal wages, they have two contracts with the club. One is for their salary as a player, the other is for earnings from replica shirts and other merchandise. These royalties are paid into a company and are therefore liable for corporation tax, which is considerably lower than income tax.

I cant recall the full list of clubs that were being investigated, but Rangers and Hearts were the only two in Scotland. Chelsea and Tottenham were two notable ones in England. Grimsby Town was another and IIRC Chesterfield were another.

As I said earlier, Chelsea settled £6.4m on Friday after losing their legal battle. One can only assume that the same outcome will follow for the others concerned.

[Dashing Bob S]

Typical of the Jambos to be swithering for years, and finally wait to see what the Huns are doing before copying them.

[CropleyWasGod]

There is a handful of clubs that HMRC are investigating for paying 'image rights'. This allowed clubs to pay players and reduce the tax bills. Instead of receiving all their salaries as normal wages, they have two contracts with the club. One is for their salary as a player, the other is for earnings from replica shirts and other merchandise. These royalties are paid into a company and are therefore liable for corporation tax, which is considerably lower than income tax.

I cant recall the full list of clubs that were being investigated, but Rangers and Hearts were the only two in Scotland. Chelsea and Tottenham were two notable ones in England. Grimsby Town was another and IIRC Chesterfield were another.

As I said earlier, Chelsea settled £6.4m on Friday after losing their legal battle. One can only assume that the same outcome will follow for the others concerned.

Rangers' case isn't about imaging rights. It's about Employee Benefit Trusts.

Layman's guide here:-

http://scotslawthoughts.wordpress.com/2012/01/28/the-rangers-update-part-3a-the-big-tax-case/

[Sergey]

Rangers' case isn't about imaging rights. It's about Employee Benefit Trusts.

Layman's guide here:-

http://scotslawthoughts.wordpress.com/2012/01/28/the-rangers-update-part-3a-the-big-tax-case/

Cheers.

Either way, is tax avoidance and non-payment of National Insurance that's the crux of the matter.

[CropleyWasGod]

Cheers.

Either way, is tax avoidance and non-payment of National Insurance that's the crux of the matter.

Absolutely.

Like I said earlier, "The Guaranteed Cheap Way of Employing Second-Rate Foreigners" (c.Ogilvie, C.) :greengrin

[Jack]

I didn't think the yams was an EBT case.

I thought it was for having 2 incomes a very basic one paid here with the rest being paid in Lithuania washers.

Uncovered when a player went for a huge mortgage and his wage slip said he was on the minimum wage slip. When he was asked about it the player assured the lassie he was getting paid thousands elsewhere and she reported it to the tax authorities.

I also heard HMRC did not want to pursue the yams case in the courts now as it might compromise the EBT cases. Don't know why that would be.

[CropleyWasGod]

I didn't think the yams was an EBT case.

I thought it was for having 2 incomes a very basic one paid here with the rest being paid in Lithuania washers.

Uncovered when a player went for a huge mortgage and his wage slip said he was on the minimum wage slip. When he was asked about it the player assured the lassie he was getting paid thousands elsewhere and she reported it to the tax authorities.

I also heard HMRC did not want to pursue the yams case in the courts now as it might compromise the EBT cases. Don't know why that would be.

Think that was an urban myth. There was a thread on here about a year ago, which linked to some media piece about the case.

HMRC couldn't, of course, confirm or deny the details.

In your scenario, I hope the wee lassies got her jotters for breaching confidentiality. :greengrin The poor wee scone.

[jgl07]

I didn't think the yams was an EBT case.

I thought it was for having 2 incomes a very basic one paid here with the rest being paid in Lithuania washers.

Uncovered when a player went for a huge mortgage and his wage slip said he was on the minimum wage slip. When he was asked about it the player assured the lassie he was getting paid thousands elsewhere and she reported it to the tax authorities.

I also heard HMRC did not want to pursue the yams case in the courts now as it might compromise the EBT cases. Don't know why that would be.

They have bigger fish to fry (Rangers).

Hearts will get their turn. They don't even pay the tax they admit is owed.

[Jack]

Think that was an urban myth. There was a thread on here about a year ago, which linked to some media piece about the case.

HMRC couldn't, of course, confirm or deny the details.

In your scenario, I hope the wee lassies got her jotters for breaching confidentiality. :greengrin The poor wee scone.

Would she not have to report suspected dodgy money laundering type activities?

Fair doos if what I said turned out to be a myth :-)

[greenginger]

One for the accountancy people out there.

Is there any connected party restrictions on creditor voluntary agreements ?
A thought entered my head when listening to the Experts discussing Rangers options . If UBIG holds 75% of the Yams debt could Vlad force through a CVA on the other creditors , mainly the HMRC , to accept say 2 pence in the pound on their debts and wipe out Hearts debt.

The debts to UBIG would also be wiped out but they could be restored by means of Registration Fees, Management Charges, etc etc. :confused:

[CropleyWasGod]

One for the accountancy people out there.

Is there any connected party restrictions on creditor voluntary agreements ?
A thought entered my head when listening to the Experts discussing Rangers options . If UBIG holds 75% of the Yams debt could Vlad force through a CVA on the other creditors , mainly the HMRC , to accept say 2 pence in the pound on their debts and wipe out Hearts debt.

The debts to UBIG would also be wiped out but they could be restored by means of Registration Fees, Management Charges, etc etc. :confused:

Why would they?

That would entail UBIG writing off 98% of their debt, which would have critical repercussions on the group. The only way they could then get anything back would be by selling Tynecastle.

[Kaiser1962]

Cheers.

Either way, is tax avoidance and non-payment of National Insurance that's the crux of the matter.


To use an EBT to essentially pay wages is not "avoidance" but "evasion". A subtle, yet important and potentially expensive, difference.

[greenginger]

Why would they?

That would entail UBIG writing off 98% of their debt, which would have critical repercussions on the group. The only way they could then get anything back would be by selling Tynecastle.



Could the debt to UBIG not be re-introduced with a range of inter company charges after the CVA is settled. Vlad is the organ-grinder after all. :greengrin

[CyberSauzee]

I didn't think the yams was an EBT case.

I thought it was for having 2 incomes a very basic one paid here with the rest being paid in Lithuania washers.

Uncovered when a player went for a huge mortgage and his wage slip said he was on the minimum wage slip. When he was asked about it the player assured the lassie he was getting paid thousands elsewhere and she reported it to the tax authorities.

I also heard HMRC did not want to pursue the yams case in the courts now as it might compromise the EBT cases. Don't know why that would be.

Don't know where you got that from? HMRC are most definitely pursuing the Yams as they presented yet another WUP to the Court of Session on 27th January:

http://www.edinburgh-gazette.co.uk/issues/27052/pages/303

I'm presuming it's been paid as GreenGinger pointed out a week or so ago that Vlad had sold a few UKIO Bankas shares raising about £5M.

[Caversham Green]

Could the debt to UBIG not be re-introduced with a range of inter company charges after the CVA is settled. Vlad is the organ-grinder after all. :greengrin

I think the administrator's cost and independence would be the main obstacle to that plan. He would try to sell off what assets he could (assuming he was acting independently) and then sell to the best bidder if there was a prospect of solvent trading. Mr Romanov is already trying to sell off assets and from what I've been told they're trying to persuade creditors to accept reduced payments already, without having to pay an IP to do it.

[Hibernia Na Eir]

its back to twitchy bum time at the PBS...

TICK TOCK

Romanov will be s******n himself after todays events.
only time is stoppin HMFC's eventual demise. It's gonna happen and will be double as bad as Huns FC when it does arrive.

Glorious days these are :)

[bigwheel]

its back to twitchy bum time at the PBS...

TICK TOCK

Romanov will be s******n himself after todays events.
only time is stoppin HMFC's eventual demise. It's gonna happen and will be double as bad as Huns FC when it does arrive.

Glorious days these are :)

Any truth that KPMG are offering a two for the price of one February special ???? :greengrin:greengrin

[robinp]

Any truth that MCR are offering a two for the price of one February special ???? :greengrin:greengrin

Corrected that for you.

[jonty]

Apparently they have.

[HibbyAndy]

Dumbos have paid the full tax bill:rolleyes:

[YehButNoBut]

Dumbos have paid the full tax bill:rolleyes:

Nae wages for the players on Thursday then me thinks :agree:

[Pretty Boy]

Nae wages for the players on Thursday then me thinks :agree:

Does the SPL threat of sanctions carry over to this month?

[HIBERNIAN-0762]

So they say, we'll see

Ugly, horrible little club

:agree:

[Ultrabee1-0]

have they paid the full 35 mill?

[HibbyAndy]

have they paid the full 35 mill?



That's money they owe to themselves, The money they owe the tax man is a different wedge.

[Ultrabee1-0]

That's money they owe to themselves, The money they owe the tax man is a different wedge.



so they are still in dept basicly ?

[DC_Hibs]

Nae wages for the players on Thursday then me thinks :agree:

Indeed because the c£150k tax bill that took them so long to pay is a fraction of what they will be due all employees on Thursday.

'twas to be expected this would be settled.

Let's hope the SPL are ready to act in 48hrs time.

[Golden Bear]

have they paid the full 35 mill?

Don't panic - it's their tax bill that's been paid but I'm sure their next financial embarrassment will be just round the corner.

:wink:

[Seveno]

Dumbos have paid the full tax bill:rolleyes:

Ian Black spotted in B&Q this afternoon stocking up on paint. :cb

[tamsonsbairn]

The SPL will only take action if the players complain to the SPL, I can't see the players doing that, they'd only incur the wrath of mad vlad. :aok:

[Kaiser1962]

The SPL will only take action if the players complain to the SPL, I can't see the players doing that, they'd only incur the wrath of mad vlad. :aok:


Interestingly the Hun squad called in the players union yesterday as soon as the intent to enter administration was made public, believing that it might affect them.

It took the Yams over three months.

[down-the-slope]

Dumbos have paid the full tax bill:rolleyes:

Always going too...and any hesitation will have gone when they saw HMRC pile into court today against Gers....

HMRC need a high profile 'win' against football...even more so after Arry's grand escape..

If they smell blood they will go in for the kill