?7m tax written off

[sparky79]

Just read on www.bbc.co.uk/football that Leicester were the biggest offender in football club tax avoidance, being responsible for £7m out of £28.7 million of unpaid tax from football clubs going into administration over the past 5 years.

All in all Leicester paid just 10% of their 7 million tax debt, with L**ds also dodging a nigh on £7m tx bill.

 

[fosseman]

I thought all this was done and dusted years ago. Are we still liable for the remaining amount because the Revenue has not written it off?

 

[Matt_B]

I thought all this was done and dusted years ago. Are we still liable for the remaining amount because the Revenue has not written it off?

I don't believe so, I think it just highlights that we were nowhere near as innocent in going into administration as some on here like to believe.

 

[beaumontfox]

I don't think we were totally innocent in the whole thing and the build up to it, but that was the agreement we made with the Revenue as part of the deal to get out of Admin, so it's not like we did anything wrong in that sense. We just jumped through all the hoops that were put before us.

 

[Blue Maniac]

I don't think we were totally innocent...

Exactly, I don't think anyone's ever made that claim.

Good point BF.

 

[Kettering Pete]

FOOTBALL CLUBS IN DEBT
Tax owed paid Deficit
Leicester City £7m £700k £6.3m
Leeds United £6.8m £680k £6.1m
Ipswich Town £5m £391k £4.6m
Bradford City £2.6m £26k £2.58m
Luton League £2.5m 275k £2.2m
Wrexham £1.45m £507k £943k
Bournemouth £1m £100k £900k
Halifax Town £795k £0 £795k
Huddersfield £723k £101k £622k
Cambridge U £532K £101k £431k
Oldham £520k £260k £260k
Notts County £487k £96k £391k
Wimbledon £460k £0 £460k
Rotherham £450k £20k £430k
Exeter City £442k £62k £380k
Darlington £416k £2k £414k
Lincoln City £350k £143k £207k
Crawley Town £193k £96K £97k

Said we are top of the league, Said we are top of the league!!!

That said I don't feel bad about this at all - one it's the tax office and their bleating that they can't get hold of the money is terrrific! The amount of money they've lost the country by making small business bankrupt before givng them a chance to pay much be a much greater amount than this.

Secondly, it was the deal with the TV company (the one with the monkey advertising it?) which fell through when they went tits up that screwd US! DO the tax office moan about TV companies?

 

[Blue Maniac]

Luton League £2.5m 275k £2.2m

Who?

Crawley Town £193k £96K £97k

Even tiny non-league clubs are at it. That's what happens when you have crims in charge.

Secondly, it was the deal with the TV company (the one with the monkey advertising it?) which fell through when they went tits up that screwd US! DO the tax office moan about TV companies?

ITV Digital, destroyed the financial plans of a lot of clubs. Scumbags.

 

[Jeff]

ITV Digital, destroyed the financial plans of a lot of clubs. Scumbags.

Maybe if so many people hadn't been using illegal viewing cards in their ITV digital boxes they would have survived. It was dead easy to buy and programme the dodgy viewing cards.
Although even if everyone who watched it paid for it I doubt they'd have covered the cost of the ridiculous amount they agreed to pay for football league matches.

 

[Jeff]

Leicester were the biggest offender in football club tax avoidance, being responsible for £7m out of £28.7 million of unpaid tax

To be pedantic, it's £6.3 million that was unpaid, not £7 million.

The amount paid was agreed when the club came out of administration, and more would have been paid back if we'd stayed in the Premiership for longer than the one season.

 

[Blue Maniac]

To be pedantic, it's £6.3 million that was unpaid, not £7 million.

There's nothing better than pedantry. You should be applauded.

 

[Melton Fox]

There's nothing better than pedantry

If that's a serious statement, I pity you.

 

[Blue Maniac]

If that's a serious statement, I pity you.

:icon_bigg

 

[FIF]

so we were the team who paid the most of our tax bill

 

[Cate Fox]

Maybe if so many people hadn't been using illegal viewing cards in their ITV digital boxes they would have survived. It was dead easy to buy and programme the dodgy viewing cards.
Although even if everyone who watched it paid for it I doubt they'd have covered the cost of the ridiculous amount they agreed to pay for football league matches.

It would have helped if the service that ITV digital provided was half decent instead of the "tough shit, you're tied in for a year" crap you got whenever you called them with a technical problem... I was never so happy as when I handed that pile of crap box back to them.

 

[Foxes_Trust]

Just read on www.bbc.co.uk/football that Leicester were the biggest offender in football club tax avoidance, being responsible for £7m out of £28.7 million of unpaid tax from football clubs going into administration over the past 5 years.

All in all Leicester paid just 10% of their 7 million tax debt, with L**ds also dodging a nigh on £7m tx bill.

We will be checking the accuracy of these figures.

The initial deal was 10p in the £1, therefore the 10% stated.

HOWEVER

The club was then promoted and a further payment was made to all creditors as part of the administration deal, so we don't see how the Inland Revenue would not have received a second payment

 

[FIF]

We will be checking the accuracy of these figures.

The initial deal was 10p in the £1, therefore the 10% stated.

HOWEVER

The club was then promoted and a further payment was made to all creditors as part of the administration deal, so we don't see how the Inland Revenue would not have received a second payment

How many members do you have?

 

[City Fan]

I blame Roy Essandoh.

 

[Boy Genius]

We will be checking the accuracy of these figures.

and what will the mighty Foxes Trust do then eh? Arrange a meeting?

 

[Darth Vodka]

the list is just "who is the biggest team to go into admin"

 

[ch4mbo]

FOOTBALL CLUBS IN DEBT
Tax owed paid Deficit
Leicester City £7m £700k £6.3m paid back 10%
Leeds United £6.8m £680k £6.1m 10.29%
Ipswich Town £5m £391k £4.6m 8%
Bradford City £2.6m £26k £2.58m 0.769%
Luton League £2.5m 275k £2.2m 12%
Wrexham £1.45m £507k £943k 34.96%
Bournemouth £1m £100k £900k 10%
Halifax Town £795k £0 £795k 0%
Huddersfield £723k £101k £622k 13.97%
Cambridge U £532K £101k £431k 18.98%
Oldham £520k £260k £260k 50%
Notts County £487k £96k £391k 19.71%
Wimbledon £460k £0 £460k 0%
Rotherham £450k £20k £430k 4.44%
Exeter City £442k £62k £380k 14.03%
Darlington £416k £2k £414k 0.48%
Lincoln City £350k £143k £207k 40.86
Crawley Town £193k £96K £97k 49.74%

Said we are top of the league, Said we are top of the league!!!

That said I don't feel bad about this at all - one it's the tax office and their bleating that they can't get hold of the money is terrrific! The amount of money they've lost the country by making small business bankrupt before givng them a chance to pay much be a much greater amount than this.

Secondly, it was the deal with the TV company (the one with the monkey advertising it?) which fell through when they went tits up that screwd US! DO the tax office moan about TV companies?

Whilst the above doesn't stand us in glory, it does show that we are not the worst offenders, the debt is bigger because we are a bigger club and have all the trappings that go along with it. (Doesn't make it right) it's just the way it is. So hats off to crawley town, Lincoln City, Wrexham and inperticullar Oldham for trying to do what's right by their creditors, I only hope the percentage paid back is the same for all their creditors and not just the Tax Office!