tony13579 Posted 3 August, 2010 Share Posted 3 August, 2010 Does that mean he's heard all he wants / needs to hear already ? What source? Link to comment Share on other sites More sharing options...
Saint_clark Posted 3 August, 2010 Share Posted 3 August, 2010 CVA should be fine then. If Judge agees to £30m its not enough to get a % enough to veto CVA 25% of debts? Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 What source? http://twitter.com/danroan Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Looks like the latter of my options From the News: "The case has been adjourned for lunch. There will be more this afternoon and the case will continue tomorrow and the judgement will be on Thursday." Link to comment Share on other sites More sharing options...
tony13579 Posted 3 August, 2010 Share Posted 3 August, 2010 (edited) dan king news of the world wrote: pompey image rights payments due last season 3.6m. Estimated profit on retail sales £337,00. so players paid 10x what right worth tweeting from court @DanKing_NOTW Edited 3 August, 2010 by tony13579 Link to comment Share on other sites More sharing options...
Saint Lindford Posted 3 August, 2010 Share Posted 3 August, 2010 [Comment From Rickymale88 Rickymale88 : ] I believe we will be safe because they will give us some more time to come up with the funds.. Deluded fool..... Just where are the funds going to come from?? Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 3 August, 2010 Share Posted 3 August, 2010 dan king news of the world wrote: pompey image rights payments due last season 3.6m. Estimated profit on retail sales £337,00. so players paid 10x what right worth You'd think they'd have them bang to rights there on tax avoidance then... Link to comment Share on other sites More sharing options...
stevegrant Posted 3 August, 2010 Share Posted 3 August, 2010 25% of debts? £30m would, according to the figures on the official administrators report of the vote, represent only 22% of the total eligible to vote - somewhere in the region of £137m. Which raises more interesting questions about the debt "bottoming out at £78m", and even the £124m including secured creditors from the original creditors report... Link to comment Share on other sites More sharing options...
tony13579 Posted 3 August, 2010 Share Posted 3 August, 2010 (edited) the news: David: The case has been adjourned for lunch. There will be more this afternoon and the case will continue tomorrow and the judgement will be on Thursday. Matthew: We'll break for lunch as well. The case should resume at 2pm. Edited 3 August, 2010 by tony13579 Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 I see they have already started a memorial a the likely site of the clubs death http://twitpic.com/2b8aje Link to comment Share on other sites More sharing options...
Saint_clark Posted 3 August, 2010 Share Posted 3 August, 2010 £30m would, according to the figures on the official administrators report of the vote, represent only 22% of the total eligible to vote - somewhere in the region of £137m. Which raises more interesting questions about the debt "bottoming out at £78m", and even the £124m including secured creditors from the original creditors report... Well surely the "precise figures" is a huge factor in this court case then? Don't understand how HMRC can dismiss it like that. Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 3 August, 2010 Share Posted 3 August, 2010 You'd think they'd have them bang to rights there on tax avoidance then... Tax evasion Avoidance is the legal method of minimising your tax payable, evasion is illegal Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Resuming at 2pm apparently. Link to comment Share on other sites More sharing options...
Jimmy_D Posted 3 August, 2010 Share Posted 3 August, 2010 Well surely the "precise figures" is a huge factor in this court case then? Don't understand how HMRC can dismiss it like that. They're probably going to go after football debt being treated as unsecured debt to get themselves over the 75% mark. Link to comment Share on other sites More sharing options...
thefunkygibbons Posted 3 August, 2010 Share Posted 3 August, 2010 I see they have already started a memorial a the likely site of the clubs death http://twitpic.com/2b8aje A morrison's bag Nah Must belong to someone else Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 If it gets down to a few fractions of a percent how much of the total owed is overdue image right's payments to players such as Sol Campbell as surely they should all go down to 60% of their current level on the grounds that 40% should be going in tax? i.e. rather than the club owing someone £1M in image right payments if HMRC win the point it would then be 600K owed to player and 400K to hmrc? Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 3 August, 2010 Share Posted 3 August, 2010 If it gets down to a few fractions of a percent how much of the total owed is overdue image right's payments to players such as Sol Campbell as surely they should all go down to 60% of their current level on the grounds that 40% should be going in tax? i.e. rather than the club owing someone £1M in image right payments if HMRC win the point it would then be 600K owed to player and 400K to hmrc? Plus NI Link to comment Share on other sites More sharing options...
Torres Posted 3 August, 2010 Share Posted 3 August, 2010 *begins clearing diary for thursday* Link to comment Share on other sites More sharing options...
bridge too far Posted 3 August, 2010 Share Posted 3 August, 2010 *begins clearing diary for thursday* Bu$$er! It's the one day I don't have access to the interweb Link to comment Share on other sites More sharing options...
fish fingers Posted 3 August, 2010 Share Posted 3 August, 2010 Bu$$er! It's the one day I don't have access to the interweb It could be the best day of interwebbing since it began. Link to comment Share on other sites More sharing options...
stevegrant Posted 3 August, 2010 Share Posted 3 August, 2010 *begins clearing diary for thursday* It wasn't you who fell asleep in the courtroom earlier, was it? Link to comment Share on other sites More sharing options...
St Marco Posted 3 August, 2010 Share Posted 3 August, 2010 I see they have already started a memorial a the likely site of the clubs death http://twitpic.com/2b8aje I see David James has been by to drop off his kit then... Link to comment Share on other sites More sharing options...
dubai_phil Posted 3 August, 2010 Share Posted 3 August, 2010 Are they dead yet? Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Are they dead yet? Not yet but we do know Thursday is now the new Friday (or something like that). Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 News write up of this mornings events in court: http://www.portsmouth.co.uk/newshome/Pompey-operated-a-tax-sham.6453877.jp Link to comment Share on other sites More sharing options...
Saints foreva Posted 3 August, 2010 Share Posted 3 August, 2010 So, are they likely to get away with it? Link to comment Share on other sites More sharing options...
tony13579 Posted 3 August, 2010 Share Posted 3 August, 2010 can a london saint add a COYHMRC banner? Link to comment Share on other sites More sharing options...
Joey-deacons-left-nut Posted 3 August, 2010 Share Posted 3 August, 2010 News write up of this mornings events in court: http://www.portsmouth.co.uk/newshome/Pompey-operated-a-tax-sham.6453877.jp Reading that, this £30m owed, seems to be what they think they have cheated HMRC out of via the image rights con since 2006, so is this in ADDITION to what they are already owed? Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Reading that, this £30m owed, seems to be what they think they have cheated HMRC out of via the image rights con since 2006, so is this in ADDITION to what they are already owed? I don't think so as this refers to 2006 to date so only 4 years which, if all the 30M was image rights tax mean that the total image rights bill in that time would have been £75M. Link to comment Share on other sites More sharing options...
Appy Posted 3 August, 2010 Share Posted 3 August, 2010 So without reading through the last few pages, What are the likely outcomes for Thursday? Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 What's confusing me here a bit is how the 30M figure from HMRC fits in with the total they claimed at the CVA meeting, which was higher (was it about 35?). Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 So without reading through the last few pages, What are the likely outcomes for Thursday? Still got 1.5 days of court action to get through yet. Link to comment Share on other sites More sharing options...
Bobbyboy Posted 3 August, 2010 Share Posted 3 August, 2010 According to Dan Roan, Andy Android has now shown up. Wouldn't be the same without him, would it? Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 AA is there!!.. From Dan Roan twitter "Afternoon session starts. Andronikou arrives at High Court - Gregory Mitchell QC says he'll finish argument for HMRC by 1530." Link to comment Share on other sites More sharing options...
tony13579 Posted 3 August, 2010 Share Posted 3 August, 2010 The news wrote: Chris: Club administrator Andrew Andronikou has now taken his place among Pompey's legal team as the afternoon session kicks off with more legal arguments. Link to comment Share on other sites More sharing options...
saint lard Posted 3 August, 2010 Share Posted 3 August, 2010 AA now in the courtroom apparently. Link to comment Share on other sites More sharing options...
Shrek Posted 3 August, 2010 Share Posted 3 August, 2010 AA is there!!.. From Dan Roan twitter "Afternoon session starts. Andronikou arrives at High Court - Gregory Mitchell QC says he'll finish argument for HMRC by 1530." So AA's in the house. Looks like he was holidaying in London all along Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 3 August, 2010 Share Posted 3 August, 2010 Are they dead yet? Not sure, things will be clearer in the next 48 hours....... Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 3 August, 2010 Share Posted 3 August, 2010 Anyone else got a bad feeling that HMRC are going to blow this one? Link to comment Share on other sites More sharing options...
View From The Top Posted 3 August, 2010 Share Posted 3 August, 2010 Anyone else got a bad feeling that HMRC are going to blow this one? Not after less that 2hrs of opening statements, no. Link to comment Share on other sites More sharing options...
Draino76 Posted 3 August, 2010 Share Posted 3 August, 2010 I cant believe my impression of Tony Adams and what a loser he is compares to AA did not get through. Link to comment Share on other sites More sharing options...
Saint Keith Posted 3 August, 2010 Share Posted 3 August, 2010 Anyone else got a bad feeling that HMRC are going to blow this one? ooooooohhhhh yes Link to comment Share on other sites More sharing options...
saint lard Posted 3 August, 2010 Share Posted 3 August, 2010 So AA's in the house. Looks like he was holidaying in London all along Tying up the Tal Ben Haim deal with West Ham . Link to comment Share on other sites More sharing options...
OldNick Posted 3 August, 2010 Share Posted 3 August, 2010 So AA's in the house. Looks like he was holidaying in London all along apparently he was on Talksport yesterday crowing how that the HMRC had little to go on and he was confident that Pompey would win Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Tying up the Tal Ben Haim deal with West Ham . I assume that though that may get a high earner off the payroll it does mean another player leaving with no money coming in for them. Link to comment Share on other sites More sharing options...
pedg Posted 3 August, 2010 Share Posted 3 August, 2010 Anyone have an idea who mr hatt is: http://twitter.com/DanKing_NOTW Witness statement from Mr Hat(t) in Pompey case. Isn't he in South Park? Look forward to Mr Hanky's appearance. Link to comment Share on other sites More sharing options...
gaz Posted 3 August, 2010 Share Posted 3 August, 2010 Nothing of mine is getting through on the News site. I'm Hayling Jerry. Link to comment Share on other sites More sharing options...
anothersaintinsouthsea Posted 3 August, 2010 Share Posted 3 August, 2010 I didn't get through posting as "iloveHMRC"...... Link to comment Share on other sites More sharing options...
gaz Posted 3 August, 2010 Share Posted 3 August, 2010 ''Chris: Mr Mitchell went on to criticise another 'sham' he alleged Pompey used to avoid paying tax. This concerned money paid into players' employment benefit trusts in what he described as 'tax havens'. He said: 'The Revenue says these are disguised payments of salaries on which PAYE should have been paid.' '' Link to comment Share on other sites More sharing options...
Matthew Le God Posted 3 August, 2010 Share Posted 3 August, 2010 Here is a new one... Mr Mitchell went on to criticise another 'sham' he alleged Pompey used to avoid paying tax. This concerned money paid into players' employment benefit trusts in what he described as 'tax havens'. He said: 'The Revenue says these are disguised payments of salaries on which PAYE should have been paid.' Link to comment Share on other sites More sharing options...
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