Livingston FC deducted points after tax failure
Scottish Championship club docked five points and fined £10,000 over tax on player bonuses in 2010/11 season
Scottish Championship club docked five points and fined £10,000 over tax on player bonuses in 2010/11 season
FIVE points have been deducted from Scottish Championship side Livingston FC after its failure to pay tax on player bonuses during the 2010/11 season.
The club also admitted failing to notify the Scottish Professional Football League (SPFL) that it was in default on its tax obligations at the time, meaning it was able to register players when it should not have been able to. As a result, it has been fined £10,000 by the league.
SPFL chief executive Neil Doncaster said: “The tax default and reporting rules are an integral part of maintaining a fair league competition.”
Livingston are bottom of the Scottish Championship, with two wins and three draws from 14 games.
Livingston chairman Gordon McDougall told BBC Scotland: “The club are working with their accountants and HMRC to establish exactly how much tax is due to be paid.
“This matter was the subject of a voluntary declaration by the club. We will be making no further comment on the situation.”
The club changed its name from Meadowbank Thistle in 1995 when it moved to West Lothian.
It won a place in the UEFA Cup in 2002, but has endured two spells in administration – first in 2004/05 and again in 2009.
More about:
The numbers you crunch tell a story. Your expertis...
9yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleBeleaguered Championship football club Bolton Wanderers pays off remaining £2.2m owed to taxman Read More...
View articleSports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, have taken control of Eddie Davies' 94.5% controlling share ...
View articleSolicitors at High Court to run through plans for a buy-out of club by consortium led by former striker Dean Holdsworth Read More...
View articleThe Championship club describe the order as a 'storm in a teacup' as it claims to have already paid its tax bill to HMRC Read More...
View articleThe Trotters announced on Friday that it had sold its training ground to Wigan Athletic Read More...
View articleThe move will enable the club to trade and make payments on the debts owed to HMRC and other creditors Read More...
View articleRestructuring expert and Bolton Wanderers owner Trevor Birch pushes for sale and fundraising as HMRC petitions for winding up order Read More...
View articleColin was rather tickled by the idea of French football's strike over a so-called 'supertax' Read More...
View article