|
|
05 Oct 2009
The taxman has shot down suggestions that it has given up on collecting some back taxes from football clubs.
In a letter to the FT, HMRC's director general, enforcement and compliance Mike Eland said that only insolvencies pushed down the taxman's take from a club, as an unsecured creditor.
"That is not the same as accepting that a club won't pay", said Eland in response to an article in the paper on 26 September.
"Where clubs have a debt, we expect them to clear it - even if that takes time - and we will take action to recover the money or stop the debt growing if a club fails to come up with sensible proposals, or fails to stick to an arrangement," wrote Eland.
The article suggested HMRC had accepted many clubs would not pay all their back taxes.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment