Share Transfers Agreed/Cooling off period

[God Petrie]

The comments are great on that story

Stevie Blue 1872 WATP
Its gonna be turbulent times for the hearts supporters during june and I wouldn't wish it upon any football fan. I do hope you survive but don't expect you will get the same sympathies from any of the san giro fans of hatred across the city.

HHGH

WATP

[kdhibees1]

Just woke up, looked out the window, beautiful day. Turned the PC on. Hibs.net first thing on my mind. An extra 3 threads on the demise of hearts and yet again I am laughing my head off at their petty shambles of a club. Absolutely wonderful!! They (of course) will pay this but my word, things are going to get better and better by the day!! GGTTH

[Treadstone]

That early payment they took for Lee Wallace losing out on £100k is lookimg pretty shrewd said no one ever.

[21.05.2016]

God sake guys don't you know that everything is absolutely fine because they are the big team, we are the wee team, we haven't won the cup since 1902 and they once won 5-1!

[Dibben]

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That early payment they took for Lee Wallace losing out on £100k is lookimg pretty shrewd said no one ever.

Can you imagine the Hearts board sitting across the room discussing their business plan with Sir Alan Sugar?

'You're fired'

[21.05.2016]

Grotty, scabby horrible little club, hope their demise is as slow and as painful as possible!

[SHODAN]

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Moves for Kris Boyd, David Goodwillie and David Wotherspoon have been put on hold until this latest mess is sorted.

Put on hold? What? Why "put on hold", instead of "abandoned because we clearly have no ****ing money to pay one of them let alone all three"?

[21.05.2016]

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Put on hold? What? Why "put on hold", instead of "abandoned because we clearly have no ****ing money to pay one of them let alone all three"?

Exactly. It's like last year when they went and signed Beattie in January when they were skint.

[Dibben]

Love this line...

“The best way you can do this is by purchasing a season ticket. This is the one single most important action that you as a supporter of the club can take.”

Obviously he means since the share issue last year. I wonder how many times they'll keep trotting out this line?

[hibs4thecup1988]

The guy on SSN was doing his best not to piss himself laughing in my view.

Is this another that is going to go on and on and on? I see they have 7 days to pay a "6 figure sum"

We will see...

[21.05.2016]

I'm sure this will be another one of these things that those jammy *******s manage to squirm their way out of. They aren't called the jam tarts for nothing, they are jammy *******s of the highest order!

[Part/Time Supporter]

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The guy on SSN was doing his best not to piss himself laughing in my view.

Is this another that is going to go on and on and on? I see they have 7 days to pay a "6 figure sum"

We will see...

They have seven days until HMRC commence court action. In reality that means they have 17-21 days to pay, because the other creditors require notice of the court action (it would be advertised in the Edinburgh Gazette and the Scotsman). They should surely be able to meet that sort of deadline.

Assuming they cobble together the money for this tax debt, the bigger problems are that a) the SPL should reimpose the transfer ban and b) they will struggle to see through next season.

[Kato]

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Can you imagine the Hearts board sitting across the room discussing their business plan with Sir Alan Sugar?

'You're fired'

'You're under arrest', more like.

[jacomo]

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Put on hold? What? Why "put on hold", instead of "abandoned because we clearly have no ****ing money to pay one of them let alone all three"?

I think we have the answer...

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Love this line...

“The best way you can do this is by purchasing a season ticket. This is the one single most important action that you as a supporter of the club can take.”

Obviously he means since the share issue last year. I wonder how many times they'll keep trotting out this line?

Hearts are trying to hoover up as much cash as possible, if any Yams believe that their season ticket money will be used to fund a move for Goodwillie or whoever then more fool them.

[Treadstone]

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They have seven days until HMRC commence court action. In reality that means they have 17-21 days to pay, because the other creditors require notice of the court action (it would be advertised in the Edinburgh Gazette and the Scotsman). They should surely be able to meet that sort of deadline.

Assuming they cobble together the money for this tax debt, the bigger problems are that a) the SPL should reimpose the transfer ban and b) they will struggle to see through next season.

Salaries will be due in that 17-21 day timeframe also.

[Aldo]

They've admitted to having a 2.5 million quid shortfall. So at some point they will have nowt left.... O like the now.

Hope something happens before I go in ma hols a week in Thurs. 2 weeks without ma phone. God forbid.

[Northernhibee]

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Were we not meant to find out if Webster was signing a new contract yesterday?

Aberdeen bound I believe.

[kdhibees1]

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I'm sure this will be another one of these things that those jammy *******s manage to squirm their way out of. They aren't called the jam tarts for nothing, they are jammy *******s of the highest order!

As much as I agree with this comment, they really are goosed this time in terms of spending ridiculous amounts on mediocre players. Can't wait to see their starting eleven next season (if) they still exist!

[HFC 0-7]

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They have seven days until HMRC commence court action. In reality that means they have 17-21 days to pay, because the other creditors require notice of the court action (it would be advertised in the Edinburgh Gazette and the Scotsman). They should surely be able to meet that sort of deadline.

Assuming they cobble together the money for this tax debt, the bigger problems are that a) the SPL should reimpose the transfer ban and b) they will struggle to see through next season.

If they don't already have this money, I am not sure how they will get it together. They have had the st money, not sure how many more they will sell as some of them may well be holding onto the money to purchase a st from whatever is left. They have wages to pay in 2 weeks as well. As you say it's more like they have 3 weeks to pay the tax bill,that means the salaries will be due first.
.

[Part/Time Supporter]

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Salaries will be due in that 17-21 day timeframe also.

The players won't close them if they're paid late. HMRC would.

[Treadstone]

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The players won't close them if they're paid late. HMRC would.

Just put it forward as another financial hurdle in their way.

[Treadstone]

http://sport.stv.tv/football/clubs/h...gure-tax-bill/

Hearts are being chased for a tax bill of £100,000.The Edinburgh club owes HM Revenue and Customs the sum in PAYE.
In a comment given to The Edinburgh Evening News, a spokesman for Hearts said they were speaking to the tax authorities about the bill.
The spokesman said: “We are in dialogue with HMRC and expect to make payment in the very near future.”

Not sure how you can 'talk' to HMRC about PAYE.

[CropleyWasGod]

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http://sport.stv.tv/football/clubs/h...gure-tax-bill/



Not sure how you can 'talk' to HMRC about PAYE.

Happens all the time. I encourage my clients to talk to HMRC if they have a problem, as soon as possible. HMRC are normally more willing to negotiate if people do that, rather than ignoring it.

[jacomo]

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Link lifted from PM board http://www.scotsman.com/edinburgh-ev...bill-1-2953713

This is a belter:

Fedotovas was already aware of this latest debt crisis on Saturday when he sent out a personal letter to supporters who are yet to renew their season tickets.

Yet the letter claimed all renewed season tickets will go towards recruiting players?? Are you quite sure Mr Fedotovas?

[Spike Mandela]

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Happens all the time. I encourage my clients to talk to HMRC if they have a problem, as soon as possible. HMRC are normally more willing to negotiate if people do that, rather than ignoring it.

At which point do HMRC stop buying the bull**** and start saying "aye right pal, we want our money now".

Hearts are consistent, repeat offenders.

[Treadstone]

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Happens all the time. I encourage my clients to talk to HMRC if they have a problem, as soon as possible. HMRC are normally more willing to negotiate if people do that, rather than ignoring it.

What does the negotiating achieve ? Payments spread out to be added on future bills ?

[Caversham Green]

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They have seven days until HMRC commence court action. In reality that means they have 17-21 days to pay, because the other creditors require notice of the court action (it would be advertised in the Edinburgh Gazette and the Scotsman). They should surely be able to meet that sort of deadline.

Assuming they cobble together the money for this tax debt, the bigger problems are that a) the SPL should reimpose the transfer ban and b) they will struggle to see through next season.

HMRC could put an application for administration (as opposed to winding up) in immediately - remember the fiasco before Duff & Phelps were appointed? I'm wondering if HoMFC might now bite the bullet and do it themselves - it looks inevitable and there's no real point in keeping them 'solvent' other than to squeeze as much money out of the Gorgie massive as they can, and even some of them seem to be getting a bit suspicious.

[Benny Brazil]

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HMRC could put an application for administration (as opposed to winding up) in immediately - remember the fiasco before Duff & Phelps were appointed? I'm wondering if HoMFC might now bite the bullet and do it themselves - it looks inevitable and there's no real point in keeping them 'solvent' other than to squeeze as much money out of the Gorgie massive as they can, and even some of them seem to be getting a bit suspicious.

Yes but Keechback will soon beat it out of him and make him see "sense"

[Liberal Hibby]

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They have seven days until HMRC commence court action. In reality that means they have 17-21 days to pay, because the other creditors require notice of the court action (it would be advertised in the Edinburgh Gazette and the Scotsman). They should surely be able to meet that sort of deadline.

Assuming they cobble together the money for this tax debt, the bigger problems are that a) the SPL should reimpose the transfer ban and b) they will struggle to see through next season.

Doesn't it depend on whether this is a missed payment of their previous debt or a new debt? If it's a missed payment on their agreed payment plan - surely HMRC don't need to go through the court process again - they can go straight to winding up/admin? If it's a new debt then they are in breach of the real time PAYE provisions and then HMRC have powers to take action separately from other creditors?

[Part/Time Supporter]

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Doesn't it depend on whether this is a missed payment of their previous debt or a new debt? If it's a missed payment on their agreed payment plan - surely HMRC don't need to go through the court process again - they can go straight to winding up/admin? If it's a new debt then they are in breach of the real time PAYE provisions and then HMRC have powers to take action separately from other creditors?

My understanding is that it is new debt.