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Football Finance

Football boots left on grass

HMRC issues second winding-up order against Southend United

Southen United face second winding up order from HMRC in a year

18 Feb 2011

football-stadium-corner-flag

Lehmans halts Premier League court battle

The taxman has postponed its day in court against the Premier League to await judgment in a separate insolvency case

16 Feb 2011

football-save

HMRC and Premier League insolvency battle to be adjourned

It is expected that HMRC will today ask for its day in court against the Premier League to be postponed until further notice

15 Feb 2011

HMRC to begin Premier League court battle

The taxman will meet with the Premier League tomorrow in High Court as it tries to tackle the football creditor rule

14 Feb 2011

PKF administrators achieve CVA at Dundee FC

Administrator Bryan Jackson has managed to complete a company voluntary arrangement at Dundee FC

09 Feb 2011

UK sport stars take tax hit

Low take-home pay could influence foreign footballers considering move to UK on transfer deadline day.

31 Jan 2011

Accountant David Bernstein voted FA chairman

ICAEW-qualified David Bernstein takes the chairman role at the FA alongside fellow accountant, general secretary Alex Horne

22 Dec 2010

Transfer costs hike hangs on Birmingham City VAT appeal

Baker Tilly warns transfer costs will shoot up by a significant amount if appeals court rejects club's appeal on agents' fees

22 Nov 2010

PKF administrator to appeal Dundee FC docked points

Dundee FC administrator Bryan Jackson will appeal the Scottish Football League decision to dock the club 25 points, as it endangers a future sale

02 Nov 2010

PKF administrator called into Dundee FC

Bryan Jackson is appointed administrator of Scottish football club Dundee FC

15 Oct 2010

UHY called to help fight football creditor rule

The taxman is calling on Portsmouth's administrators to give their opinion in court on the football creditor rule in an insolvency

14 Oct 2010

HMRC v Premier League insolvency battle set for 15 February

HMRC and Premier League will battle in the courts over controversial insolvency rule that allows football creditors to be paid out ahead of others

27 Sep 2010

Arsenal boosted by £15m tax swing

Arsenal Football Club achieves £5m net tax credit after HMRC negotiations, compared to a £10m charge a year earlier

24 Sep 2010

HMRC vs five-a-side industry on VAT issues

Five-a-side organisers Goals Soccer Centres may be in talks with the taxman about how the industry pays VAT

24 Sep 2010

Exclusive: UK's largest football clubs owe £4m in deferred tax

Premier League and Championship clubs owe a total of £3,773,449 to HM Revenue & Customs under the Time to Pay tax deferral scheme

20 Aug 2010

Administrator confirms Crystal Palace's exit from administration

Crystal Palace's administrator Brendan Guilfoyle confirms the club is now out of administration with no further points deduction

20 Aug 2010

HMRC won't challenge Portsmouth CVA again

A spokesman for the tax office has confirmed that HMRC will not take any further legal action against the Portsmouth administrators' CVA proposals

06 Aug 2010

Southend United stave off administration in Sainsbury's deal

Football club Southend United avoid administration again, following a deal with Sainsbury's

03 Aug 2010

Premier League defends preferential insolvency rule

The Premier League gave its side of the story yesterday over preferential payments to football creditors in football administrations

28 Jul 2010

HMRC fights for full voting rights at Portsmouth

HMRC's ability to block Portsmouth CVA was "unfairly prejudiced" by decision to reduce the weight of its vote

15 Jul 2010

Page 7 of 10

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Leader: Will younger generation push for a UK institute?

Will British institutes learn from a New Zealand/Australia merger - or have the Trans/Tasmans already learned from them?

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

FRC is sounding like a modern day Cassandra

Concerns raised in the FRC's latest round of audit inspections sound strikingly familar. Why has the profession failed to address them?

curtain

Don't COP out of guiding clients through tax mire

Anita Brook of Accounts Assist gives a hands-on guide to Code of Practice 9

Taking Stock: Accountancy and the sheriff of Cumbria

TS loves it when two worlds collide

Colin: Hey diddle (tax) diddle

Colin offers his assessment of the pressure on 'tax havens'

Colin: Don't panic! (about avoidance)

Colin succinctly rounds up the latest court ruling on tax avoidance and advisers' responsiblities

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Why budgeting fails: One management system is not enough

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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.