Share Transfers Agreed/Cooling off period

[Geo_1875]

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Sadly that's the way the world works, it isn't always possible to prevent 1 party causing problems for other parties so you have to wait until they break the rules. The SPL has a tough job of trying to keep the teams from taking the mick whilst also allowing them the breathing space to try and survive. The SPL will never rule the league with an iron fist and anyone expecting them to do so will be disappointed.

This is why the financial fair play rules must be imposed as soon as possible. Teams that live close to the edge (or over it) are basically thumbing their noses at the rest. As we are forever being told that the SPL is the clubs we are basically going out of our way to aid and assist our opponents in their financial impropriety. How can we live with ourselves if they continue ripping of the fans and their children, not to mention the frail and elderly who won't get the medical care they require due to them not paying their due taxes.

[Treadstone]

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So.....as Hearts are Vlad's only real income, and ST money is Hearts only real income, one could factually say the Hearts fans are directly funding the protection of an international criminal suspected of large financial frauds throughout Europe?

Vlad has been spotted trying to buy a canoe!

[Hermit Crab]

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daily ******, link further back on this thread

A trusted newspaper then ;)

[Oscar T Grouch]

You know what amazes me? I have pretty much read all 554 pages of this thread, it has been informative and well informed, insightful and deliberated. It has been wrong at times, but that was usually due to misinformation from the MSM. But through the whole thread we have taken more interest in that club than their own supporters, even now, in their death throws have taken about their own club.

As a Hibee I cannot imagine doing this, if this ever happened to Hibs (which with the way we are run probably wouldn't have happened to us) I know that this would have been sorted long ago, we would never have let it get to this stage, we would have asked questions, pushed for answers and harried the board until all our questions were answered. Every year we have a long thread about the state of our accounts, which are published in good time and in good order, we debate the good and bad of keeping the club "within it's means", yeah some of us want to spend more on the footballing side, some are in favour of keep a tight budget, but we all care about the financial side of the football club. Maybe we are lucky, had we not gone through the early 90s we may have been less sensitive to issues like this?

Looking a brokeback at the moment, you would never guess that their club is in such a state, maybe it is ostrich syndrome I really don't know but surely if your football club is in the state theirs is in you would care more? I know jambo's, most ******s, but a few who are genuine football men, who love their club passionately but even they fail to see that the last few years have been the death by a 1000 cuts for their team, they prefer to see 1-5, 1902, 22 in a row. I really do not get it. Maybe a few of the yam lurkers would like to come on this thread and enlighten me I doubt very much that will happen though.

[Geo_1875]

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Vlad has been spotted trying to buy a canoe!

I hope he buys a paddle as well or he won't get far down ****-creek.

[poolman]

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Poor old Vlad.

http://www.lithuaniatribune.com/4016...ced-201340166/

Un-bloody-believable

A Yam roaster's post


if mr romanov needs a place to hide, i will help him.

please god let him be ok. this witch hunt is a disgrace

[Hermit Crab]

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Un-bloody-believable

A Yam roaster's post


if mr romanov needs a place to hide, i will help him.

please god let him be ok. this witch hunt is a disgrace

Yes. I think this may be a whoosh moment on your behalf. :D

[MB62]

I think this is all a Non story again. It was only a few weeks ago that it was reported Wonga were to invest a 07 figure sum in to the Yams for continued sponsorship on the jerseys.

#allisbarry folks, it's just another hobbo conspiracy

[SurferRosa]

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Un-bloody-believable

A Yam roaster's post


if mr romanov needs a place to hide, i will help him.

please god let him be ok. this witch hunt is a disgrace

Doesn`t that just sum them up.

Yet they question why they get no sympathy for their situation from other supporters...

[Caversham Green]

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http://customs.hmrc.gov.uk/channelsP...ument#P62_4516

As a business with turnover >£2.3M, Hearts will be paying VAT under payments on account.



My understanding from that is that their VAT payment will be due by each month end (31 May in this case). HMRC give businesses who are not in the POA scheme seven days grace to pay VAT* - they seem to have given Hearts that advantage in this case as well. I suspect Hearts will have phoned up HMRC last Friday (31st) to tell them they wouldn't get the money (hence the "we are in dialogue with HMRC" spin yesterday) and HMRC have told them "okay, but if we don't get the money next week we will take court action" (ie if they don't pay before the weekend HMRC will file papers on Monday).

*This is a legacy of shifting from submitting VAT returns on paper and paying by cheque to submitting returns online and paying electronically.

POA is compulsory for businesses with an annual VAT liability of over £2.3m rather than turnover, which equates to a turnover of £11.5m with no input tax so the Yams won't be in the scheme.

That comes as a relief to me as several of my clients have turnovers of more than £2.3m but none are on POA. I need to change my trousers now though.

[heretoday]

I imagine they'll get away with it again. They always seem to. There must be plenty Jam Tarts in the tax authorities.

[CropleyWasGod]

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POA is compulsory for businesses with an annual VAT liability of over £2.3m rather than turnover, which equates to a turnover of £11.5m with no input tax so the Yams won't be in the scheme.

That comes as a relief to me as several of my clients have turnovers of more than £2.3m but none are on POA. I need to change my trousers now though.

They might be voluntarily, though. I am.

And, ffs, your trousers need binning.

[EdinMike]

I saw this on that silly Book Face of mine..

"Don't worry everyone, I'm gonna hide Vlad under my bed HHGH"

[Part/Time Supporter]

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POA is compulsory for businesses with an annual VAT liability of over £2.3m rather than turnover, which equates to a turnover of £11.5m with no input tax so the Yams won't be in the scheme.

That comes as a relief to me as several of my clients have turnovers of more than £2.3m but none are on POA. I need to change my trousers now though.

They may have entered the VAT payments on account scheme in the past (their turnover was about £10M in one year IIRC) and not fallen back out.

[Barman Stanton]

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Hilarious, they can't seem to get their heads around the fact that the 5-1 game is directly related to this mess their in.

They are nuts. I actually read someone on kb say 5-1 came at a time when they were cutting costs. Totally deluded.

[Caversham Green]

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They may have entered the VAT payments on account scheme in the past (their turnover was about £10M in one year IIRC) and not fallen back out.

It's certainly a possibility, or they could have registered voluntarily as CWG says and it would explain the timing of their debt. I'm a bit dubious that all reports seem to be referring to it as PAYE though - despite STV talking about Rangers paying VAT on wages.

[sidneyhibbie]

they will be closed down by the end of this month they have no money left and no income stream, all the clowns who have already wasted their money on season tickts will be fleeced and no one in their right mind would buy one with all this going on.

[chrisski33]

Im sick of sick of hearing about them about time they were shutdown! but i reckon they will manage to pay this tax demand and the sage will continue

[MountcastleHibs]

Facebook and Twitter awash with yams claiming Romanov is a genius. Incredible. You couldn't make it up! I can't believe they can't see what the rest of Scottish football can.

[Iain G]

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no one in their right mind would buy one with all this going on.

So they should sell another 2 or 3000 this week then

[GraniteCityHibs]

KICKBACK....A STRANGE STRANGE PLACE!!!


Posted Yesterday, 21:42
hughesie27, on 04 June 2013 - 09:18 PM, said:
Really? I find that difficult to understand that a Rape Victim, after going through such trauma, would accept a payout and see the predator walk free. Unless of course she was making it up, which by the way I am not suggesting is the case here at all.
How much does it cost to silence a Rape victim?

--



I doubt it was a case of pinning her down and raping her.
But seems she was too drunk to consent and in that case is rape, chuck some daft bird enough money and you can convince her to shut up.

But if you'd rather have that at the club then fair enough.


Just looked it up

''Charges were dropped but she was awarded £11'000 after compensation after the Criminal Injuries Compensation Authority decided she had been raped.''

Hmm..

---


All of that from a thread called 'Reality check' about how they don't want the club signing anyone in their current situation.

Less than 20 posts later it's the above....Place is full of weirdos!

[JeMeSouviens]

This is the note from their accounts about paying up the £1.5M settlement to HMRC:

"The amount due is payable in monthly installments from May 2013 to April 2015 and interest of £85,000 will be added to the outstanding balance over the three year period of repayment. Of the total of £1,576,000, £242,000 is due within one year and £1,335,000 greater than one year at the balance sheet date."

The balance sheet date was 30th June 2012. This suggests that May was the first month they had to find anything but since £242K was due by the end of June, the first 2 payments might've been abnormally large (anyone have previous experience of HMRC payment schedules?) They did previously trumpet that they had paid May's installment but perhaps June's is the payment they've just missed?

[Part/Time Supporter]

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This is the note from their accounts about paying up the £1.5M settlement to HMRC:



The balance sheet date was 30th June 2012. This suggests that May was the first month they had to find anything but since £242K was due by the end of June, the first 2 payments might've been abnormally large (anyone have previous experience of HMRC payment schedules?) They did previously trumpet that they had paid May's installment but perhaps June's is the payment they've just missed?

HMRC wouldn't have given them seven days' grace if it related to the tax case.

[clerriehibs]

No attempt at any analysis in that scotsman article. It justs pumps out exacyly what homfc want them to print, ie "give us your money".

Lazy, shoddy, embarrassing.

[Technofob]

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They're saying that the problem is that they haven't received all the ST money due to people paying in installments. This is unusual given that the finance company would ordinarily pay the club the full amount for each ticket sold then in turn recover the money (hence finance charges).

Either Hearts are telling porkies (again) or the finace company, worried that Hearts are going to go tits up (and people stop paying their installments), have shifted the goalposts.

Richard Gordon said on Sportsound that after a thorough investigation by Blobbo (I know ) 80% of the seasons were paid for with credit cards. I don't know the ins and outs of how the credit card companies forward the money but is this a 60/90 day settlement period?

[21.05.2016]

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You know what amazes me? I have pretty much read all 554 pages of this thread, it has been informative and well informed, insightful and deliberated. It has been wrong at times, but that was usually due to misinformation from the MSM. But through the whole thread we have taken more interest in that club than their own supporters, even now, in their death throws have taken about their own club.

As a Hibee I cannot imagine doing this, if this ever happened to Hibs (which with the way we are run probably wouldn't have happened to us) I know that this would have been sorted long ago, we would never have let it get to this stage, we would have asked questions, pushed for answers and harried the board until all our questions were answered. Every year we have a long thread about the state of our accounts, which are published in good time and in good order, we debate the good and bad of keeping the club "within it's means", yeah some of us want to spend more on the footballing side, some are in favour of keep a tight budget, but we all care about the financial side of the football club. Maybe we are lucky, had we not gone through the early 90s we may have been less sensitive to issues like this?

Looking a brokeback at the moment, you would never guess that their club is in such a state, maybe it is ostrich syndrome I really don't know but surely if your football club is in the state theirs is in you would care more? I know jambo's, most ******s, but a few who are genuine football men, who love their club passionately but even they fail to see that the last few years have been the death by a 1000 cuts for their team, they prefer to see 1-5, 1902, 22 in a row. I really do not get it. Maybe a few of the yam lurkers would like to come on this thread and enlighten me I doubt very much that will happen though.

I've been amazed by this aswell. Whenever you ask a jambo about their current awful state all you get back is "oh but but 5-1, 1902, use are a wee team" etc etc. This obsession with us has blindsighted them from their own troubles and has made them live in this ridiculous fanatsy world.

[Off the bar]

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Richard Gordon said on Sportsound that after a thorough investigation by Blobbo (I know ) 80% of the seasons were paid for with credit cards. I don't know the ins and outs of how the credit card companies forward the money but is this a 60/90 day settlement period?

I've got a chip and pin card machine for my business and credit card transactions come through in 3 working days, not sure what t&cs hahahahearts will have but no way will it take 60/90 days to credit, so if 80% of the tickets where paid for by card they've had the money and *****ed it already. fuds.

[Green Man]

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I've got a chip and pin card machine for my business and credit card transactions come through in 3 working days, not sure what t&cs hahahahearts will have but no way will it take 60/90 days to credit, so if 80% of the tickets where paid for by card they've had the money and *****ed it already. fuds.

Remember FlyGlobespan? They went bust because the company who processed their card payments was holding onto the funds for much longer than they should have. Would be a shame if the same thing happened to Hearts

[21.05.2016]

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Facebook and Twitter awash with yams claiming Romanov is a genius. Incredible. You couldn't make it up! I can't believe they can't see what the rest of Scottish football can.

I find it remarkable that the yams still hail Vlad as some kind of God. If someone had done to my club what he has done to theirs I would want them bloody hung! Yes he bought them 2 scottish cups but the club are crippled and facing extinction, was 2 cups really worth it?!

He has lied to the mutants for years and all they have done is swallow his every word regardless of how insane and ridiculous his lies are. Wheres the massive multi-plex stadium he promised? or the world cup stars? or the SPL title? or the Champions league title?

sad thing is that they all still live in the fantasy world he created!

they never fail to amaze me with their delusion!

[brog]

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I think that SPL clubs now have to report tax breaches within 3 days, and that period is now up. The yaks can hardly not report it, as it's already in the public domain. If it all works to plan there will be a transfer embargo within a few days.

My reading of rule A6.26 is it applies to PAYE & NI only. In addition they have 28 days from it becoming overdue to settle the a/c.
However, it has been suggested on here that it may be a partial default on the monthly agreed payments with HMRC for the £1.6mm. In that case Yams would be subject to sanction immediately by SPL. I doubt this is case but we can hope!!