Guy's, please do not assume that Claret Kim represents the Chelmsford fanbase. She has a weird obsession with your current plight and loves to repeat herself in massive boring posts which no one can be bothered to reply to correct the glaring holes in her argument. This is mainly because she never admits when she is wrong and will just reply with an even longer post saying the same thing again but just in a different word order.

I think the majority view at Chelmsford is that you ****ed up and the fanbase has moved to correct this. You still owe £20k, but you won't be allowed to get away without paying it so claims that you have cheated others are ridiculous because with the interest, you've actually ended up paying more tax than you would have done in the first place. As long as that £20k is paid off, I can't see what anyones problem is because you have been punished for your financial misdemeanors with a 5 point deduction as well.

Good luck in sorting out your issues, especially given the money the fans have stumped up. We will take those 3 points though if they are still on offer?

I can only make the assumption that this 20k is the reminder of the 2010/2011 payments calculated on a 4500 a week budget, and maybe we have to prove that we can meet this debt as the Conference suspect we cannot, ie. although now up to date want some sort of reassurance that we wont slip back into the same problems.

PAYE and NIC is normally paid by the 19th of the following month. Therefore the payment for December 2010 would normally be due by 19th January 2011.

The date of the 19th May 2011 is the final date for all PAYE and NIC due for the 2010/2011 tax year to be paid.

Not sure where this 20k fits in to this timetable but I think PAYE is monthly and not all deferred to the end of the tax year.

That is how it works in business but may be different for football clubs??

The original petition debt was £90,000 which the Club subsequently reduced by a payment of £30,000. The Club held a further £15,000 which it was about to pay but when HMRC did not dismiss the petition the payment was obviously not made. To its credit the Club seems to have held on to this money which would explain the opening balance on the account when the appeal to supporters was made. For the current season tax and NI at £1,000 per week (based on a weekly wage bill of £4,500) would be accumulating and at the time of the December hearings the total would have reached around £20,000. One or two quarter's VAT would also have been payable during this period. This is my personal interpretation of the information revealed but, I suspect, not far from the truth.

Some of this is borne out by the report and interview on the BBC website in August.
www.bbc.co.uk/sport1/hi/football/eng_conf/8925099.stm

Farnborough appear to have had their embargo lifted without having to wait for the next monthly Conference board meeting.

-- Edited by JOHN on Thursday 30th of December 2010 06:01:01 PM

ESPECIALLY AS ANOTHER CLUB WERE NEVER UNDER EMBARGO and owed more to a HMRC petition.

Kevin wrote:

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Unless, as usual, there is something we are not being told.

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What do you reckon?

 

Thats a bit below the belt greensox.