'We'll sort it' vows Martin as Blues face new winding up order over unpaid tax (From Southend Standard)
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'We'll sort it' vows Martin as Blues face new winding up order over unpaid tax
8:00am Thursday 14th February 2013 in Southend
'We'll sort it' vows Martin as Blues face new winding up order over unpaid tax
SOUTHEND United chairman Ron Martin has told of the Blues’ continuing dilemma with the tax man as the club faces yet another winding up order over an unpaid bill.
Mr Martin vowed the club will rise out the latest financial hurdle and there will shortly be positive news about the deal with Sainsbury’s to move to Fossetts Farm.
However, he said a “zero tolerance” approach by HMRC, to football clubs who are late with payments by just a matter of days, has posed ongoing difficulties for the cash-strapped club.
Revenue and customs issued a winding up petition on February 4 over an undisclosed tax bill due from the club, which was just three days late, according to Mr Martin.
It has been listed for a High Court hearing next month and if it remains unpaid a judge could order the club is wound up and dissolved.
Mr Martin assured fans it would be settled before court, as the club has done numerous times over the last three years, and the petition withdrawn.
He said HMRC treated clubs more harshly to standard limited companies, because the tax man is not classed a “preferential creditor” with football clubs.
If a standard limited company was wound up the tax man would be paid out first before anyone else, but with football clubs it has to vie for a share of the assets left with any other creditors.
Comments(16)
saddo99
says...
9:34am Thu 14 Feb 13
perini
says...
9:57am Thu 14 Feb 13
SUFC1906
says...
11:21am Thu 14 Feb 13
binmandom
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12:48pm Thu 14 Feb 13
teyeagle
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2:23pm Thu 14 Feb 13
emcee
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3:44pm Thu 14 Feb 13
Glad to hear that HMRC are taking the zero tolerance stance. About time too. Too many comapnies and organisations not paying tax when due.
The cynic in me wonders whether Sainsburys have been waiting for the collapse of SUFC.
rhowes
says...
4:17pm Thu 14 Feb 13
Why not make HMRC a "preferential creditor" just like for any other company?
Then the club would have to pay their tax as a priority.
C'mon Andy!
2shedsjackson
says...
4:38pm Thu 14 Feb 13
rhowes wrote:Then the club would have to pay their tax as a priority.
I am a tennis fan, but I do wonder whether it's time for football clubs to be treated as all other private companies?
Why not make HMRC a "preferential creditor" just like for any other company?
Then the club would have to pay their tax as a priority.
C'mon Andy!
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No they wouldn't. It would mean that HMRC would be first in line if SUFC went bust, but there would be no incentive for Martin to pay what he owes when it is owed.
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Mr Martin you are not special, as you are costing UK PLC money by having HMRC having to chase your debt to society and you are costing SUFC money in legal fees. Do not blame HMRC as they are looking after my interests by making sure you do not do a runner and leave an unpaid debt.
.
Presumably there is a very good reason why you have a track record of not paying your taxes on time?
Danshrimp
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5:29pm Thu 14 Feb 13
SUFC1906 wrote:The TV money and 10% of the gate receipts from the Orient games go into the pot with all other JPT games, which is shared out between the clubs. Apart from the chance of playing at Wembley, we gain nothing from these two games and in fact they are quite a hindrance.
They must get the TV fee money from the 2 televised Orient JPT games. If they get through to Wembley, they get more TV money & share of the gate receipts at Wembley along with an element of the sponsor prize money. Surely a large proportion of that would pay the tax bill, even if it was only the 2 Orient games TV money & no Wembley appearance. As for the so called news about Fossets Farm & Sainsbury's, one fears that will merely be an announcement of the date that Sainsbury's start demolishing Roots Hall as its unlikely that the stadium at Fossets Farm will physically get built. To those that say you can't have one without the other due to planning rules, SBC have form for changing planning conditions in respect of supermarket building projects when money talks. Look no further than Tesco, Short St where planning terms & conditions changed regularly
Thomo100
says...
7:51pm Thu 14 Feb 13
Paying players late or not at all, now the tax man is after them again.
I am a lifelong Blues fans of over 40 years and was a significant sponsor and season ticket holder for many years.
This year we decided to stop throwing good money after bad as enough was enough for us.
Don't forget that Sainsburys are waiting in thw wings to pick up the scraps.
siddymint
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8:00pm Thu 14 Feb 13
SUFC1906
says...
9:01pm Thu 14 Feb 13
Seasider90
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10:26pm Thu 14 Feb 13
SARFENDMAN
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10:28pm Thu 14 Feb 13
bongking
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2:05pm Sun 17 Feb 13
eurodoomed says...
9:17am Thu 14 Feb 13
Let's hope that they don't change the rules to a "three strikes and you're out" basis.
Please Ron, sort out the new ground, and pay the tax bills on time!!