Portsmouth FC could be the first Premier League football club to enter
administration after failing to stop a winding-up petition from the taxman.
HM Revenue & Customs applied for the petition against last month, but the
club argued that the VAT part of its tax bill was too high. However, a High
Court judge dismissed the case, the BBC reported today.
A spokesperson for the Judicial Communications Office said: “At the High
Court today Mr Justice Newey dismissed an application from Portsmouth City (sic)
Football Club Limited for a winding-up petition to be struck out. A further
hearing to consider HMRC’s winding-up petition will take place in due course.”
Currently bottom of the Premier League, Portsmouth would face a nine-point
deduction if they enter administration.
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham