Football Finance

Crunch tackle

Should the government red card the football creditor rule?

What does the profession think of the controversial insolvency rule? Both sides take to the pitch, writes Rachael Singh

05 Feb 2013

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Portsmouth court date pushed back yet again

PKF administrators see fourth court date set, to decide future of the club

30 Jan 2013

Football penalty

Legislate to scrap football super creditor rule, says committee

Culture Media and Sport Committee recommends the government legislate the ban of super creditor rule in football collapses at the “earliest opportunity”

29 Jan 2013

FA recruits CFO from The Jockey Club

Another accountant joins senior ranks at the FA, alongside its general secretary and chairman

24 Jan 2013

HMRC to seek appeal over Rangers tax tribunal ruling

The taxman is to challenge first-tier ruling that found EBT payments that were loans could be recalled

05 Dec 2012

Hearts settles tax liabilities

Heart of Midlothian FC reaches agreement with HMRC over tax bill

05 Dec 2012

Portsmouth FC administrators receive early court date

Portsmouth administrators given date to seal the deal on a sale but club will be liquidated if court disagrees

21 Nov 2012

Taking Stock: Hibs take tax song to Heart(s)

TS loves a witty ditty

15 Nov 2012

Hearts given extra time to settle tax bill

Scottish FA Cup holders now have until 3 December to settle tax bill

14 Nov 2012

Criminal investigation into Rangers stakeholder

HM Revenue & Customs is investigating Richard Hughes, co-founder of Zeus Capital, the company at the centre of Rangers' takeover

02 Nov 2012

PKF administrators line up supporters to buy Portsmouth

Portsmouth FC administrators line up Portsmouth Supporters Trust as preferred buyer

19 Oct 2012

Insolvency Service bans ex-Leeds United chairman

Peter Ridsdale banned from holding directorships for seven and a half years

04 Oct 2012

Rangers FC tax debt rockets by £73m

Duff & Phelps administrators’ latest creditor report shows Rangers' tax bill now stands at £94m

03 Oct 2012

Rangers FC administrators reveal finances at collapsed club

Duff & Phelps administrators have released a report highlighting their remuneration, trading costs, legal fees and the cost of compiling the failed rescue deal

29 Aug 2012

Portsmouth buyers blame administrators for collapsed deal

Proposed buyer Portpin says its walking away from the deal due to a lack of cooperation from PKF administrators, recently unveiled debts and further relegation

15 Aug 2012

Portsmouth administrators condemn Football League

PKF administrators to Portsmouth FC critical of Football League decision to deduct ten points from the club

13 Jul 2012

HMRC rejects football insolvency rule appeal

Following its High Court loss against the Football League over a controversial football insolvency law, the taxman has decided to cut its losses

03 Jul 2012

BDO issues going concern warning over Coventry City

Auditors from BDO issue a going concern warning against Coventry City Football Club

29 Jun 2012

Creditors approve Portsmouth CVA deal

Rescue deal approved at Portsmouth, which is likely to pay creditors 2p for every pound owed and allow ongoing negotiations from Pompey Supporters’ Trust

26 Jun 2012

Rangers heads to liquidation after HMRC vetoes CVA

As the second largest creditor, the taxman's decision to veto Rangers deal will see the club end up in liquidation

12 Jun 2012

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How software as a service can meet the strategic needs of a growing business

Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

The Practitioner: 'Tis the season to tidy up

The Practitioner lets loose with 'Deskgate', after losing the plot over yet another untidy area...

AS2014: Osborne's reforms sensible - IoD

Sensible reforms preface more radical tax policies in next parliament, writes Institute of Directors' head of taxation Stephen Herring

#AS2014: ACCA still concerned over public coffers, despite spending plans

Government's spending plans give false impression of state of the UK's finances, writes ACCA's Chas Roy-Chowdhury

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Intermediary rules: What your clients need to know

Alastair Kendrick walks through the new landscape for workers engaged through intermediaries, and finds that clients might not have up-to-scratch systems and processes

Taking Stock: Massaging the figures

TS was pleased to note some interesting methods to alleviate Christmas stress

Colin: Using Google to make money out of the net

Colin thinks Osborne's latest tax wheeze means he is not such a bad egg after all

Taking Stock: Daddy issues at French Duncan

Taking Stock spares a though for Alasdair Cairns, who has just gained a new boss. His dad.

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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.

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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.