Share Transfers Agreed/Cooling off period

[Aldo]

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I was going to ask him as well. Now following you on twitter :D good to follow fellow Hibees.

Cheers sure is. You'll see what else I've asked him them. Bit longer with his reply??

[Treadstone]

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They are due £1.5m.

However, what we don't know is whether:-

1. HMFC have kept up to date with current PAYE and VAT payments.

2. they may have told HMRC that there is no chance they will get their £1.5m on time.

In both scenarios, I would expect HMRC to decide to go for the jugular.

CWG how far would HMRC let the non-payment of PAYE go considering the shafting they got from Craig Whyte (fitba clubs on a shorter leash than normal) and Vlads attempt just before Xmas ?

[NOLA]

the dundee guy probably just rehashed the possible outcomes we have done to death on here not the quickest up that way...

[Treadstone]

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He's quick the day... Here's his latest reply


@BarryAnderson_8: Anything's possible I suppose but I seriously doubt it.

Banderson there assessing the situation and slicing through it with surgical precision.

[Thecat23]

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Cheers sure is. You'll see what else I've asked him them. Bit longer with his reply??

Good question. All has been quiet about pay. I've not heard anything myself as I've been busy and not spoke to anyone who would prob know. Hope this turns out to be true though. Sadly I can't see it as we have heard it so many times. One day though it will happen.

[CropleyWasGod]

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CWG how far would HMRC let the non-payment of PAYE go considering the shafting they got from Craig Whyte (fitba clubs on a shorter leash than normal) and Vlads attempt just before Xmas ?

They have gone to the wire a few times with PAYE now, so I think any further non-payments would be hammered.

[Aldo]

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Good question. All has been quiet about pay. I've not heard anything myself as I've been busy and not spoke to anyone who would prob know. Hope this turns out to be true though. Sadly I can't see it as we have heard it so many times. One day though it will happen.

I am also wondering if they only need to pay the 1st team squad or is it all the playing staff. #allisbarry is probably running round his sources as we speak, having a wee panic to himself in case he's missed a story. Would be embarrassing though if he heard it from a Hibby first would it no??

[Liberal Hibby]

Banderson's response was interesting. Normally his tweets have a degree of certainty missing from this one.

Just wondering if it might have anything to do with the switch to real-time PAYE - if Hearts payrole is being run from Lithuania - they may have paid their players and staff - but not the taxman (who now has to be paid at exactly the same time).

[Thecat23]

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I am also wondering if they only need to pay the 1st team squad or is it all the playing staff. #allisbarry is probably running round his sources as we speak, having a wee panic to himself in case he's missed a story. Would be embarrassing though if he heard it from a Hibby first would it no??

I think it covers all staff at hearts. But assuming they would make sure they pay the players before anyone else. Be funny if it turns out true and he hasn't a clue about it :D

[Aldo]

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I think it covers all staff at hearts. But assuming they would make sure they pay the players before anyone else. Be funny if it turns out true and he hasn't a clue about it :D

Sure would. :-)

[CropleyWasGod]

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Banderson's response was interesting. Normally his tweets have a degree of certainty missing from this one.

Just wondering if it might have anything to do with the switch to real-time PAYE - if Hearts payrole is being run from Lithuania - they may have paid their players and staff - but not the taxman (who now has to be paid at exactly the same time).

Not quite. There is no change in when HMRC are paid, which is by the 19th (or 22nd if on-line) of the following month.

Where you are confused is that a declaration has to be made to HMRC every time a payroll is paid.

[Liberal Hibby]

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Not so. There is no change in when HMRC are paid, which is by the 19th (or 22nd if on-line) of the following month.

Where you are confused is that a declaration has to be made to HMRC every time a payroll is paid.

Thanks - very helpful. I will now go and pay myself!

[HUTCHYHIBBY]

Are they favourites with the bookies to go down yet, they'll be the first to react in the event this latest story has any foundation.

[shezer]

Any chance of a quick 3 liner of where they are and why they got there?Please and Thank you

[Green Blood]

http://scotslawthoughts.wordpress.co...ect-on-hearts/


Interesting article, useful as a reminder of how big the hole is they find themselves in! Sorry if this been posted already. IMO its only a matter of weeks before the man from UBIG comes knocking, their demise will be sudden as whilst they have formed various support groups, they have no capital/cash raised in readiness. Tick Tock Tick Tock!!!!

[Hibby Kay-Yay]

After the surprise sacking of Burley, it would not be out of character for them to pop when we're so close to the end of the season.

[Aldo]

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After the surprise sacking of Burley, it would not be out of character for them to pop when we're so close to the end of the season.

Put it this way if there is a chance they do go into admin they would be daft not to do it now as they could start next season in minus ... Whatever it is.

[Hibercelona]

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Put it this way if there is a chance they do go into admin they would be daft not to do it now as they could start next season in minus ... Whatever it is.

They could potentially get relegated if they do it now.

[Aldo]

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They could potentially get relegated if they do it now.

They sure could. But they might think its better to stay in top div with minus than in Div one with a bunch if bairns. Better income and all that??

[Hibercelona]

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They sure could. But they might think its better to stay in top div with minus than in Div one with a bunch if bairns. Better income and all that??

But you just said it would be daft NOT to do it now.

If they did it now, they would face potential relegation.

[ekhibee]

There's some twitter thing going on just now about Hearts officially gone into Administration, can anyone confirm if this is just a load of pants or not?

[Aldo]

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But you just said it would be daft NOT to do it now.

If they did it now, they would face potential relegation.

I knew what I meant to say but yes and yes ( is that daft enough) at the end of the day do t care how just want it to happen.

Sorry man

[.Sean.]

Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

[Ozyhibby]

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Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

Yes

[#FromTheCapital]

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Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

Yes if hearts won their next game and Dundee lost theirs

[Barrabus]

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Yes if hearts won their next game and Dundee lost theirs

Are they not due to pay 1.5 million to HMRC in three equal instalments starting May 2013? If so, does anyone know the due date?

[Onceinawhile]

Why does some random tweeting something count as a rumour?

[pontius pilate]

Watching beeb news and heehaw mentioned about the yams load of push as usual

[Jamesie]

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Without doing the sums, is there a chance they go into admin and are deducted points we could relegate them in the Derby?

[#FromTheCapital]

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Are they not due to pay 1.5 million to HMRC in three equal instalments starting May 2013? If so, does anyone know the due date?

Yes they're due to start paying it next month but nobody knows for certain what date and what the arrangement is. They will either be paying 500k next month and every following may until 2015 or in monthly instalments of 40k