HMRC petition winding up of Truro City FC

Truro City FC owner Kevin Heaney receives winding up petition ahead of his planned buyout of collapsed club Plymouth Argyle

Author

Rachael Singh

Date published September 23, 2011 Categories

Business Recovery

HM REVENUE & CUSTOMS has petitioned to wind up Truro City FC, owned by Kevin Heaney who is leading a consortium to buy collapsed club Plymouth Argyle.

Alleged unpaid taxes have spurred HMRC to make its petition which is due to be heard at the Royal Courts of Justice in London on 13 October, the BBC reports.

A statement from Truro said: “Her Majesty’s Revenue & Customs have taken an unduly aggressive approach to a tax liability by issuing a winding-up petition.

“TCFC has previously been in dispute with HMRC over wrongly assessed VAT and this was settled in TCFC’s favour.”

Plymouth Argyle’s administrator Brendan Guilfoyle has not commented on the issue ahead of an announcement about the collapsed club due next week.

Subscribe to get your daily business insights

More about:

Football Finance

Resources & Whitepapers

Accountancy Age Rankings

35 Under 35 Accountancy Age & AJ Chambers selection for 2024

The numbers you crunch tell a story. Your expertis...
13y

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article

The power of customisation in accounting systems

Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article

Turn Accounts Payable into a value-engine

Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In 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 resource

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article

Bolton settle unpaid tax bill with HMRC

Business Recovery

Bolton settle unpaid tax bill with HMRC

8y Calum Fuller , Reporter

Bolton settle unpaid tax bill with HMRC

Beleaguered Championship football club Bolton Wanderers pays off remaining £2.2m owed to taxman Read More...

View article

Bolton Wanderers secures new ownership deal as HMRC tax battle continues

Business Recovery

Bolton Wanderers secures new ownership deal as HMRC tax battle continues

8y Chris Warmoll , Writer

Bolton Wanderers secures new ownership deal as HMR...

Sports Shield consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, have taken control of Eddie Davies' 94.5% controlling share ...

View article

Bolton secures extra time to defend itself from HMRC

Business Recovery