The Baron Posted May 26, 2022 Share Posted May 26, 2022 4 minutes ago, PistoldPete said: Bury had a winding up order from HMRC over a £50k tax bill. The winding up order really says nothing about the size of the debt at the time. There's no significant liability in the DCFC accounts in 2018, which was when the stadium sold, and the last set of accounts published before Morris decided to break the law and stop publishing accounts. Link to comment Share on other sites More sharing options...
Day Posted May 26, 2022 Share Posted May 26, 2022 13 minutes ago, PistoldPete said: Bury had a winding up order from HMRC over a £50k tax bill. The winding up order really says nothing about the size of the debt at the time. Can't remember what it was, but if it was, that's even more trivial than ours. Shouldn't have posted it to be honest, I've mostly stopped following all this now and don't want to get dragged back into the mess. It is what it is, we can sit here blaming Mel, EFL, Gibson even @The Baron, but it won't change anything now. We've been punished and look set to start next season with a clean slate. I do fear for the POF Podcast though, although I'm sure it won't be long until another club steps up and becomes the next financial hot topic. This last year has been mentally draining, just looking forward to the football now, I'm even looking forward to seeing the xG stats being thrown around, anything but amortisation policies and the suits at the EFL. nogbad van 50, Zag zig, The Baron and 8 others 5 6 Link to comment Share on other sites More sharing options...
kevinhectoring Posted May 26, 2022 Share Posted May 26, 2022 7 minutes ago, G STAR RAM said: With the level of taxable losses we have accumulated over the years I would be very surprised to see us ever paying tax! well (genuine question, I don't know the answer): are you sure capital gains can be set off against trading losses ? Link to comment Share on other sites More sharing options...
The Baron Posted May 26, 2022 Share Posted May 26, 2022 10 minutes ago, kevinhectoring said: a brief explanation the policy is one thing thing, the notes to the accounts are another it was the notes to the accounts that were described as 'at best confusing ... ' Before the IDC we copped it for the notes. The policy was found to be within frs 102 The policy is part of the notes. Link to comment Share on other sites More sharing options...
Brammie Steve Posted May 26, 2022 Share Posted May 26, 2022 13 minutes ago, G STAR RAM said: With the level of taxable losses we have accumulated over the years I would be very surprised to see us ever paying tax! "Only little people pay taxes" Leona Helmsley 1989. So in 2022 that means leprechauns and DCFC! jimtastic56 1 Link to comment Share on other sites More sharing options...
G STAR RAM Posted May 26, 2022 Share Posted May 26, 2022 11 minutes ago, kevinhectoring said: well (genuine question, I don't know the answer): are you sure capital gains can be set off against trading losses ? Companies don't pay capital gains tax, it would fall under corporation tax. Pretty sure trading losses can be offset against gains on disposal of tangible assets. Rev and Carnero 2 Link to comment Share on other sites More sharing options...
kevinhectoring Posted May 26, 2022 Share Posted May 26, 2022 7 minutes ago, The Baron said: The policy is part of the notes. no, there's some confusion here on your part. The policy is the policy as applied, and as reflected in the numbers. The notes merely describe the policy The two are very different The IDC found the policy was fine but the notes were wonky in that they did not accurately describe the policy Link to comment Share on other sites More sharing options...
LazloW Posted May 26, 2022 Share Posted May 26, 2022 50 minutes ago, RadioactiveWaste said: Not sure why @The Baronis the baddie in this in some people's view to be honest. He isn’t ‘the’ baddie, he’s ‘one of’ the baddies ? cosmic, SFoxWriting, Steve How Hard? and 3 others 3 1 2 Link to comment Share on other sites More sharing options...
CBRammette Posted May 26, 2022 Share Posted May 26, 2022 1 hour ago, G STAR RAM said: Yes fair comment. Wasnt even meant as a sleight on him. He has obviously cut himself out a decent living by concentrating on a niche area. Can honestly say though Ive never seen anything that he has said that I've thought he only knows because he is a specialist in the area of football finance. Its mostly just opinion pieces which people take as fact because the article starts off with 'Football finance specialist Kieran Maguire has had his say on....' Yes so he is the go to media specialist and my post was really to acknowledge that he's spent ages in this rabbit warren today and he didnt have to G STAR RAM and nogbad van 50 2 Link to comment Share on other sites More sharing options...
Crewton Posted May 26, 2022 Share Posted May 26, 2022 1 hour ago, Ghost of Clough said: The size of the debt suggests we stopped paying tax at the start of the 19/20 season. I'd so, the amount owed in Jan 2020 would be about £7-10m. Winding up order closed when government prevented it from progressing any further due to Covid? The screenshot that The Baron posted up earlier showed that the petition was withdrawn on 16/01/20, well before the government introduced the moritorium. That suggests the debt was paid, or HMRC had a brain spasm. Link to comment Share on other sites More sharing options...
Ghost of Clough Posted May 26, 2022 Share Posted May 26, 2022 1 minute ago, Crewton said: The screenshot that The Baron posted up earlier showed that the petition was withdrawn on 16/01/20, well before the government introduced the moritorium. That suggests the debt was paid, or HMRC had a brain spasm. Or a payment plan had been agreed, only for Mel to stop paying again when Covid started? Quite a number of other possibilities too. jimtastic56 and The Baron 1 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted May 26, 2022 Share Posted May 26, 2022 7 minutes ago, LazloW said: He isn’t ‘the’ baddie, he’s ‘one of’ the baddies ? post of the evening ! good night Link to comment Share on other sites More sharing options...
The Baron Posted May 26, 2022 Share Posted May 26, 2022 1 minute ago, CBRammette said: Yes so he is the go to media specialist and my post was really to acknowledge that he's spent ages in this rabbit warren today and he didnt have to I’m not sure how I’ve made a decent living out of this. Never ask for money from broadcasters (Radio Derby did send me £20 at the end of last year though), all the book royalties have gone to charity, I’ve worked on projects for DCMS in relation to the Fan Led Review unpaid and the profits we made from the live podcast show in Wimbledon were given to the Rochdale defence fund in relation to a hostile takeover of the club. Crewton, oomarkwright, nogbad van 50 and 3 others 3 3 Link to comment Share on other sites More sharing options...
The Baron Posted May 26, 2022 Share Posted May 26, 2022 21 minutes ago, LazloW said: He isn’t ‘the’ baddie, he’s ‘one of’ the baddies ? ...and if it wasn't for you pesky kids I would have gotten away with it. archram, CBRammette and Ram-Alf 1 2 Link to comment Share on other sites More sharing options...
CBRammette Posted May 26, 2022 Share Posted May 26, 2022 15 minutes ago, The Baron said: I’m not sure how I’ve made a decent living out of this. Never ask for money from broadcasters (Radio Derby did send me £20 at the end of last year though), all the book royalties have gone to charity, I’ve worked on projects for DCMS in relation to the Fan Led Review unpaid and the profits we made from the live podcast show in Wimbledon were given to the Rochdale defence fund in relation to a hostile takeover of the club. Well we had a client who was an early Twitter investor and remember them saying he wouldnt make anything from it so you never know!! Link to comment Share on other sites More sharing options...
Rev Posted May 26, 2022 Share Posted May 26, 2022 Prefer Swiss Ramble myself. Jackal, Comrade 86, Zag zig and 1 other 1 1 2 Link to comment Share on other sites More sharing options...
kevinhectoring Posted May 26, 2022 Share Posted May 26, 2022 (edited) 32 minutes ago, CBRammette said: Yes so he is the go to media specialist and my post was really to acknowledge that he's spent ages in this rabbit warren today and he didnt have to So why did he do it ...? Edited May 26, 2022 by kevinhectoring Link to comment Share on other sites More sharing options...
Crewton Posted May 26, 2022 Share Posted May 26, 2022 34 minutes ago, Ghost of Clough said: Or a payment plan had been agreed, only for Mel to stop paying again when Covid started? Quite a number of other possibilities too. Yes, that's possible, though the period between issue and withdrawal seems a bit short for that. Whatever, it suggests cashflow was already an issue. Link to comment Share on other sites More sharing options...
CBRammette Posted May 26, 2022 Share Posted May 26, 2022 7 minutes ago, kevinhectoring said: So why did he do it ...? Ask him but he must have heard of the top class financial experts on here and the craaaazy amortisation discussions. I assume to get the fans' current perspective on things? Think someone originally tagged him in a post didnt they? Its not like KM is hidden as everyone knows his user name and anyone can look at the forum anyway. Probably loads of people on here hidden by pseudonyms - hi Mel nogbad van 50 and Jackal 2 Link to comment Share on other sites More sharing options...
The Baron Posted May 26, 2022 Share Posted May 26, 2022 25 minutes ago, kevinhectoring said: So why did he do it ...? Because somebody asked me a question. nogbad van 50 and Foreveram 1 1 Link to comment Share on other sites More sharing options...
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