Taxman insists football clubs will pay their taxes
The taxman hits back at suggestions it has accepted many clubs will be unable to pay back owed tax
The taxman hits back at suggestions it has accepted many clubs will be unable to pay back owed tax
The taxman has shot down suggestions that it has given up on collecting some
back taxes from football clubs.
In a letter to the
FT,
HMRC’s director general, enforcement and compliance Mike Eland said that only
insolvencies pushed down the taxman’s take from a club, as an unsecured
creditor.
“That is not the same as accepting that a club won’t pay”, said Eland in
response to an article in the paper on 26 September.
“Where clubs have a debt, we expect them to clear it – even if that takes
time – and we will take action to recover the money or stop the debt growing if
a club fails to come up with sensible proposals, or fails to stick to an
arrangement,” wrote Eland.
The article suggested
HMRC
had accepted many clubs would not pay all their back tax.
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing 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 articleCompanies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...
View articleThe Bank’s interest rate cut to 0.25 percent comes amid a list of incentives for SMEs Read More...
View articlePartner Michaela Hall and insolvency practitioner Christopher Purkiss of Kingston Smith & Partners have been appointed as trustees to the bankruptcy e...
View articleHMRC filed 3,484 winding up petitions in 2015, up from the 3,074 applications filed the previous year Read More...
View articleSuggestion R3 has 'rolled over' in face of government pressure is false, incoming president Andrew Tate tells Accountancy Age Read More...
View articleA short moratorium will give struggling companies a chance to be open with their creditors and negotiate a way out of their problems transparently, sa...
View articleWinding-up order against Montpelier Professional withdrawn, CEO tells Accountancy Age Read More...
View articleApplications will now be assessed by a government adjudicator rather than a judge Read More...
View article