Share Transfers Agreed/Cooling off period

[greenginger]

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It's okay.... not blaming you. It's just completely at odds with Deep Throat.

Can we call yours "Disny Swallow"??

All I can say is D. T. had absolutely no reason to bull**** and I believe what she told me. Obviously she would not know of any non-tribunal agreements between HMRC and HMFC.

I get CWG's displeasure at any loose talk but where would this thread be without it.

As for breaking the Tax Payers Charter, should the Yams not be referred to the Tax Non-payers Charter.

[Keith_M]

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... is the correct answer. Even somebody putting crap out there about a client or taxpayer is reprehensible IMO.

But where would hibs.net be without such information?

[CropleyWasGod]

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All I can say is D. T. had absolutely no reason to bull**** and I believe what she told me. Obviously she would not know of any non-tribunal agreements between HMRC and HMFC.

I get CWG's displeasure at any loose talk but where would this thread be without it.

As for breaking the Tax Payers Charter, should the Yams not be referred to the Tax Non-payers Charter.

I think we should have mud wrestling after the game, to settle this......

[brog]

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Unbreaking News

I have it on very good authority, i.e. a member of staff from the company who do Hertz accounts, that HOMOFC have won their tax case against HMRC and will announce so soon. They are going to let their flump fans keep dishing out CASH just now well you would wouldn't you, after all tis the season for giving. I have no opinion of this either way because to me Hertz are an irrelevance in my life. The coming days will tell us all if this info is correct - apparently case was heard on Friday and Yams won their argument. Hopefully we will pump them royally today, with a decent ref etc and each man doing his job.....

GGTTH

Can't be true,Yams don't do accounts! I would be very surprised if above was the case.

[Part/Time Supporter]

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I thought the £800k was for Wallace, and Huns offered £500k as early settlement (which was turned down).

Isn't this £300k a payment for Templeton, which is as per agreed?

It's a combination of both.

£300K was due for Templeton, which has now been paid.

£500K is due for Wallace next summer.

Rangers offered £500K up front a month ago to settle both bills.

[brog]

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Unbreaking News

I have it on very good authority, i.e. a member of staff from the company who do Hertz accounts, that HOMOFC have won their tax case against HMRC and will announce so soon. They are going to let their flump fans keep dishing out CASH just now well you would wouldn't you, after all tis the season for giving. I have no opinion of this either way because to me Hertz are an irrelevance in my life. The coming days will tell us all if this info is correct - apparently case was heard oion Friday and Yams won their argument. Hopefully we will pump them royally today, with a decent ref etc and each man doing his job.....

GGTTH

To add to my prior comment I don't think that at the moment it's a case of either Yams or HMRC winning or losing a tax case. My simplistic understanding of the process is that HMRC have assessed Yams as owing £1.7mm because of payments made to players in Lithuania rather than UK. Yams can either accept or contest that ruling. If they go the latter route they will have to provide some new information that would allow a clarification of understanding from HMRC that could result in a reduction or foregoing of the amount owed. I think it's quite possible they're currently in this quasi negotiation process but based on all known info it's hard to think of any plausible or mitigating excuses Yams can make. There won't really be a winner or loser until this process is exhausted.
What I think clouds the issue is that it's in HMRC's interest for Yams to stay alive in order that as much tax as possible can be recovered. In that case they may settle for a smaller amount rather than risk getting nothing. Hopefully Cropley or other experts can clarify more fully.

[CropleyWasGod]

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To add to my prior comment I don't think that at the moment it's a case of either Yams or HMRC winning or losing a tax case. My simplistic understanding of the process is that HMRC have assessed Yams as owing £1.7mm because of payments made to players in Lithuania rather than UK. Yams can either accept or contest that ruling. If they go the latter route they will have to provide some new information that would allow a clarification of understanding from HMRC that could result in a reduction or foregoing of the amount owed. I think it's quite possible they're currently in this quasi negotiation process but based on all known info it's hard to think of any plausible or mitigating excuses Yams can make. There won't really be a winner or loser until this process is exhausted.
What I think clouds the issue is that it's in HMRC's interest for Yams to stay alive in order that as much tax as possible can be recovered. In that case they may settle for a smaller amount rather than risk getting nothing. Hopefully Cropley or other experts can clarify more fully.

It's not quite like that.

HMRC have issued assessments, HMFC have appealled against them. The appeals have been referred to the First Tier Tax Tribunal, in much the same way that Rangers were.

There are two options at that stage. 1. Either party can say "can we talk about this?" If the other agrees, then there is more talking. 2. the FTTT decides on the case; again, like Rangers, that doesn't have to be a "guilty or not guilty" decision.... it can, as with Rangers, be a "not fully guilty" decision.

I can't tell at this stage where Hearts are at. AFAIK, they were headed for the FTTT, ie Option 2.

According to the lovely Deep Throat, they withdrew from that process, which suggests they now accept the assessments and the only negotiation required is on the amount of the penalties. According to the rancid Disney Swallow, the FTTT found in their favour.

That's where we're at for now..... tune in tomorrow etc etc.

[Part/Time Supporter]

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It's not quite like that.

HMRC have issued assessments, HMFC have appealled against them. The appeals have been referred to the First Tier Tax Tribunal, in much the same way that Rangers were.

There are two options at that stage. 1. Either party can say "can we talk about this?" If the other agrees, then there is more talking. 2. the FTTT decides on the case; again, like Rangers, that doesn't have to be a "guilty or not guilty" decision.... it can, as with Rangers, be a "not fully guilty" decision.

I can't tell at this stage where Hearts are at. AFAIK, they were headed for the FTTT, ie Option 2.

According to the lovely Deep Throat, they withdrew from that process, which suggests they now accept the assessments and the only negotiation required is on the amount of the penalties. According to the rancid Disney Swallow, the FTTT found in their favour.

That's where we're at for now..... tune in to,morrow etc etc.

"Deep Throat" sounds a lot more plausible than "Disney Swallow" because the judges would have to go away and consider their verdict first (not necessarily for as long as the Rangers case!) if there was a full contested hearing. The two parties would not have any firm indication who had "won" at this stage if the hearing was contested. I think it's worth noting at this point that there were all sorts of rumours during the Rangers case of settlements being offered (which was true in one case, but it was rejected by HMRC) and various reports that it had been decided one way or another.

[Sammy7nil]

This result could see the Jambos totally collapse, lets hope so.

[Col2]

Ok. Monday 3rd Dec.

Is this not the day Hector come knocking for his £450k?

I wonder if anyone will answer the door. If it had been paid j would have expected a press release and some emotional words from the yams on the official site.

Hope that cash they have raised is still in the UK and traceable....

Tick bloody talk yams!!

[Northernhibee]

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Ok. Monday 3rd Dec.

Is this not the day Hector come knocking for his £450k?

I wonder if anyone will answer the door. If it had been paid j would have expected a press release and some emotional words from the yams on the official site.

Hope that cash they have raised is still in the UK and traceable....

Tick bloody talk yams!!

They'll be hoping that the Scottish cup fifth round draw is kind to them....oh

Ah well, at least their cash isn't being diverted to repair damage done to another teams stadium caused by their own support...oh

Been nice knowing you lot.

[s.a.m]

Barry Anderson‏@BarryAnderson_8#Hearts will settle their outstanding £450,000 tax bill before 5pm today. Full story in today's Evening News

Barry Anderson‏@BarryAnderson_8#Hearts received £300,000 installment from #RFC on Friday as part of David Templeton transfer. That money now goes towards HMRC bill.

[Billy Whizz]

Will Rod send them a cheque today for their share of the gate yesterday?

[Hiber-nation]

http://www.scotsman.com/sport/footba...line-1-2671957

[clerriehibs]

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Barry Anderson‏@BarryAnderson_8#Hearts will settle their outstanding £450,000 tax bill before 5pm today. Full story in today's Evening News

Barry Anderson‏@BarryAnderson_8#Hearts received £300,000 installment from #RFC on Friday as part of David Templeton transfer. That money now goes towards HMRC bill.

Has Barry Anderson commented on the damage caused to ER? Now that's newsworthy ... but probably not, as he'd hate to print a bad news story about hearts

[Ray_]

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Will Rod send them a cheque today for their share of the gate yesterday?

Heard Vlad will only accept cash!

[Hibby Kay-Yay]

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Has Barry Anderson commented on the damage caused to ER? Now that's newsworthy ... but probably not, as he'd hate to print a bad news story about hearts

Maybe we'll get a bottle of Famous Goose vodka and a vintage cigar box as an apology

[LancashireHibby]

Tax bill settled according to Hertz....I'll believe it when HMRC confirm it.

[PatHead]

Had a wee look on Keekback to cheer myself up as I have an awfy cold. (diddums)

The natives are revolting...A lot saying they will not go back whilst McGlynn is still there.

Made me think how their season is going to pan out. Apart from our game they are unlikely to get anywhere near a sell out. Especially if they finish bottom 6 and have no 2nd derby or Celtic matches to boost attendance. They have already raped their supporters pockets to such an extent that they can't dig any deeper. Expect crowds of around 12,000 maximum including season tickets. That will go nowhere near meeting their costs. Roll forward to next season if they survive and struggle on in the SPL. How many of them will buy seasons to watch a boys club? 6 or 7,000 at the most. Average gates of 9,000 with a large debt requiring servicing. I maybe am starting to look forward to a long painful death but will quite happily accept an early Christmas present

If they had drawn yesterday, won the replay and a full televised house against Aberdeen/Motherwell it could all have been so different.................. Did we finally break the Hearts? I hope so.

[poolman]

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Had a wee look on Keekback to cheer myself up as I have an awfy cold. (diddums)

The natives are revolting...A lot saying they will not go back whilst McGlynn is still there.

Made me think how their season is going to pan out. Apart from our game they are unlikely to get anywhere near a sell out. Especially if they finish bottom 6 and have no 2nd derby or Celtic matches to boost attendance. They have already raped their supporters pockets to such an extent that they can't dig any deeper. Expect crowds of around 12,000 maximum including season tickets. That will go nowhere near meeting their costs. Roll forward to next season if they survive and struggle on in the SPL. How many of them will buy seasons to watch a boys club? 6 or 7,000 at the most. Average gates of 9,000 with a large debt requiring servicing. I maybe am starting to look forward to a long painful death but will quite happily accept an early Christmas present

If they had drawn yesterday, won the replay and a full televised house against Aberdeen/Motherwell it could all have been so different.................. Did we finally break the Hearts? I hope so.

Quite a few of that lot given their track record

[GreenCastle]

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Had a wee look on Keekback to cheer myself up as I have an awfy cold. (diddums)

The natives are revolting...A lot saying they will not go back whilst McGlynn is still there.

Made me think how their season is going to pan out. Apart from our game they are unlikely to get anywhere near a sell out. Especially if they finish bottom 6 and have no 2nd derby or Celtic matches to boost attendance. They have already raped their supporters pockets to such an extent that they can't dig any deeper. Expect crowds of around 12,000 maximum including season tickets. That will go nowhere near meeting their costs. Roll forward to next season if they survive and struggle on in the SPL. How many of them will buy seasons to watch a boys club? 6 or 7,000 at the most. Average gates of 9,000 with a large debt requiring servicing. I maybe am starting to look forward to a long painful death but will quite happily accept an early Christmas present

If they had drawn yesterday, won the replay and a full televised house against Aberdeen/Motherwell it could all have been so different.................. Did we finally break the Hearts? I hope so.

It's a shame they are still in the semi of the CIS cup final - as without that they would only be able to aim as high as top 6.

Bottom 6 could finish them without games against us and Celtic

Let's hope ICT win the semi final at ER

[CropleyWasGod]

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It's a shame they are still in the semi of the CIS cup final - as without that they would only be able to aim as high as top 6.

Bottom 6 could finish them without games against us and Celtic

Let's hope ICT win the semi final at ER

.... and that HMFC have an outstanding night in the battle of the seats.

[Ozyhibby]

Is the £450,000 pound bill paid today a quarterly thing? If so then we can only be about 6 weeks away from when it's due again?
They have to pay double wages by the 16th of this month to avoid SPL sanctions as I can't see how they could fail to punish a further deferment.

[Jim44]

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Is the £450,000 pound bill paid today a quarterly thing? If so then we can only be about 6 weeks away from when it's due again?
They have to pay double wages by the 16th of this month to avoid SPL sanctions as I can't see how they could fail to punish a further deferment.

I've got a sneaking suspicion that they will get away with paying one month's wages on the sixteenth and allowed arrangements to pay the deferred wages as soon as possible or even in installments. You can rest assured that the SPL will not rock the Jambo boat if they can avoid it.

[CropleyWasGod]

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Is the £450,000 pound bill paid today a quarterly thing? If so then we can only be about 6 weeks away from when it's due again?
They have to pay double wages by the 16th of this month to avoid SPL sanctions as I can't see how they could fail to punish a further deferment.

No. It's arrears, probably for three months including September.... although that's not clear.

They should be paying PAYE & NI monthly. The payment today didn't include October's money, which was due on 22nd November. There will be another one due on 22nd of this month, which will be the amount due on the reduced wages paid in November.

If they pay the deferred wages this month, then they will have a much larger amount of PAYE & NI to pay in January.

And that's just PAYE..... I don't know how up to date they are with their VAT payments; those are due quarterly, although I don't know when that quarter falls.

[Mr White]

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No. It's arrears, probably for three months including September.... although that's not clear.

They should be paying PAYE & NI monthly. The payment today didn't include October's money, which was due on 22nd November. There will be another one due on 22nd of this month, which will be the amount due on the reduced wages paid in November.

If they pay the deferred wages this month, then they will have a much larger amount of PAYE & NI to pay in January.

And that's just PAYE..... I don't know how up to date they are with their VAT payments; those are due quarterly, although I don't know when that quarter falls.

vat period September to November due for payment at end of December I think?

[CropleyWasGod]

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vat period September to November due for payment at end of December I think?

Cheers. Didn't know that.

However, to be pedantic, if they submit on line they have until 7th January to pay. That extra few days could be significant, given the New Year game.

[monktonharp]

If they had drawn yesterday, won the replay and a full televised house against Aberdeen/Motherwell it could all have been so different.................. Did we finally break the Hearts? I hope so.

I actaully thought that they would have scraped a draw against us, and they nearly did. the money it could have generated, and the boost their fans badly needed, just never happened. now I look forward to them being knocked out of 2 cups in the same stadium, within weeks

[Steviie]

Die, die, die, die !!!!

[Miguel]

I think Sunday was a result that may, in time, prove more significant than the cup final. Had they won, it would have boosted their 'staying alive' campaign. They now have, League Cup semi apart, nothing to play for. A few I know are resigned to the fact that the end of their wee jolly is coming. They are socially different from us, in that they dont react well to adversity. Had that been us, we would have clocked Romanov much more quickly and would have sidelined him to ensure the survival of the club. I think it's a mindset thing that goes back to the roots of the respective clubs. We have always been the underdog outsiders. They have always been the establishment poodles. They don't like it up them and they don't have it in them. It's going to be fun!