HMRC goes behind in Football League court clash

by Rachael Singh

More from this author

30 Nov 2011

  • Comments
High Court London

HM REVENUE & CUSTOMS were shot down in court by the residing judge on a case challenging insolvency rules in football administrations.

The taxman is battling against the football league over its controversial Football Creditor Rule (FCR) which prioritises some creditors over others.

The first argument put forward by the taxman this morning said the rule is discriminatory because it does not treat all European football creditors equally. HMRC argued some European clubs are given priority while others, such as French clubs, are not.

The FCR prioritises the payment of football creditors such as other clubs and players ahead of other creditors, which HMRC believes is unlawful and outside the rules of insolvency - that all creditors should be treated equally.

However, residing judge Mr Justice David Richards said he was not "convinced" that this argument should be brought up in this particular hearing as it is "complex" enough.

He added he was not "persuaded these arguments should be vetted in these proceedings".

Justice Richards said HMRC needs to consider if it would like to pursue the argument outside of this case as a separate challenge.

The court case involving HMRC and the Football League over the Football Creditor Rule began today and is likely to end next week with a judgement to follow next year.

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


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



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.