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Breaking News Shrimpers face yet ANOTHER tax dispute

bluearmy1

Youth Team
Joined
Jan 19, 2007
Messages
216
Southend United face yet ANOTHER winding up petition after reportedly withholding £200,000 from their November and December PAYE submissions to the taxman.

In November, the Blues narrowly avoided going into administration following the payment of £2.1m owed to Her Majesty's Revenue and Customs (HMRC). But having gone through the figures again, Shrimpers' chairman Ron Martin has told the Guardian newspaper that the Blues actually overpaid HMRC to the tune of £200k. The HMRC say that's not the case and have taken action to recoup the money outstanding from Nov & Dec.

More details on Longpier

Guardian article is here
 
Last edited:

EastStandBlue

Life President
Joined
May 29, 2005
Messages
15,490
So, in other words, there's a dispute that RM has already informed the supporters of. RM isn't stupid, he's proven himself to be quite an astute businessman (albeit, quite a reckless one) and in his words his team of lawyers have assessed the tax issue.

As stupid as it may be to fight the HMRC, I agree that if there's evidence that we might have overpaid to the tune of £200k, then it's right to fight it. The way that the matter was rushed through, it isn't beyond the realms of possibility that a mistake was made...
 

grassroots

Coach
Joined
Nov 24, 2008
Messages
565
So, in other words, there's a dispute that RM has already informed the supporters of. RM isn't stupid, he's proven himself to be quite an astute businessman (albeit, quite a reckless one) and in his words his team of lawyers have assessed the tax issue.

As stupid as it may be to fight the HMRC, I agree that if there's evidence that we might have overpaid to the tune of £200k, then it's right to fight it. The way that the matter was rushed through, it isn't beyond the realms of possibility that a mistake was made...

But will he prove to be an astute Football Chairman - all will become clear when the Blues are happily playing in a gleaming FF, debt free.
 

Tangled up in Blue

Certified Senior Citizen⭐
Joined
May 24, 2004
Messages
33,114
Location
Sant Cugat del Vallès
Guardian article

| Index Southend slam 'confetti' effect of HMRC winding-up petitions• League One club taken to task by tax authority
• Southend to fight back with own legal action

Matt Scott The Guardian, Thursday 14 January 2010 Article history
Southend are in dispute with the tax authority about an alleged debt and face being wound up.

Southend United have accused Her Majesty's Revenue & Customs of distributing winding-up petitions to "like confetti" after becoming the latest club in the taxman's crosshairs. Southend have joined Portsmouth, Notts County, Cardiff City and Plymouth Argyle in being called to court to settle their tax debt or face being wound up.

The club's chairman, Ron Martin, has hit back with his own threat of legal action over the petition, which was received only two months after a £2.1m debt to HMRC was settled by the Roots Hall club. That payment was made after Sainsbury's, which is hoping to develop a supermarket on the club's stadium site once they move to a new ground on Fossetts Farm, provided a loan to Southend's parent company. But after going back over the figures, Southend are now disputing the £2.1m tax debt, claiming they have overpaid by more than £200,000.

The club have withheld the £200,000 from their November and December PAYE submissions, prompting the taxman's latest action. "HMRC appear to be sending out winding-up petitions against football clubs like confetti," Martin said. "The club may now need to apply to the court for an injunction against HMRC." HMRC has indeed become more aggressive in its dealings with debtors after it lost its protected creditor's status, meaning that once football debts have been settled in full in insolvency cases, the taxman must wait in a queue alongside all other creditors. HMRC refused to discuss the specific case at Southend, but a spokeswoman said: "We do not take these steps lightly."
 
Joined
Nov 9, 2009
Messages
683
Location
Burnham-on-Crouch
If we gotta pay £200,000, we may aswell use some of the money liverpool gave us for our youngster Ngoo. Specially as he weren't even in our 1st team. Bad news though, i don't want anything or any news about money problems ha, heard enough of it as we just about avoided going into administration.
 

EastStandBlue

Life President
Joined
May 29, 2005
Messages
15,490
If we gotta pay £200,000, we may aswell use some of the money liverpool gave us for our youngster Ngoo.

I can't believe we hadn't thought of using that earlier, you know... Perhaps you should offer your services as some kind of financial advisor.
 

McNasty

Member
Joined
Oct 23, 2003
Messages
16,197
Location
Otley, West Yorks
We held back £200,000 from December's payment and then had to borrow £60,000 from the Trust. Makes me wonder if we didn't have the £200,000 in the first place.
 

WESTY_SUFC

Guest
Oh dear some people are struggling to understand!

We are holding back the money to spite the HMRC as Ron believes they owe US money.
 

united we stand

Life President⭐
Joined
Dec 4, 2008
Messages
7,211
Location
Wickford
If we gotta pay £200,000, we may aswell use some of the money liverpool gave us for our youngster Ngoo. .
If you mean the £250,000 that has been quoted, we only get that if he plays in the 1st team. I have not seen the amount we got up front published anywhere.

I guess the real question is

Did Ron factor all this is when we got the loan from Sainsbury’s?

IE did he borrow on the basis that the revenue figure was correct , which could mean that if the revenue agree they are wrong we have got £200,000 in cash to play with

or
Did he borrow knowing he was going to withhold the £200,000 PAYE in which case we could be in the brown stuff if he is wrong.
 

Mick

Life President
Joined
Oct 28, 2003
Messages
10,378
We held back £200,000 from December's payment and then had to borrow £60,000 from the Trust. Makes me wonder if we didn't have the £200,000 in the first place.

.... Cynic !
 

Mick

Life President
Joined
Oct 28, 2003
Messages
10,378
|

Martin said. "The club may now need to apply to the court for an injunction against HMRC."


Joy .................... memories of the Jobson litigation era. Well lets hope Ron has more luck in the courts than Vic. Jobson's record in the courts reads like Dick Bate's record on the field.
 

TrueBlue

Save Our Southend
Joined
Oct 26, 2003
Messages
22,717
Location
Hockley now on loan to Rayleigh
Southend United face yet ANOTHER winding up petition after reportedly withholding £200,000 from their November and December PAYE submissions to the taxman.

In November, the Blues narrowly avoided going into administration following the payment of £2.1m owed to Her Majesty's Revenue and Customs (HMRC). But having gone through the figures again, Shrimpers' chairman Ron Martin has told the Guardian newspaper that the Blues actually overpaid HMRC to the tune of £200k. The HMRC say that's not the case and have taken action to recoup the money outstanding from Nov & Dec.

More details on Longpier

Guardian article is here

They must ****ing hate us the HMRC - thats always handy!
 
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