Thai green wrote: I believe Cobi that the answer is, no we don't owe them anything today. The little I know is that this is HMRC pursuing the F.L. over the strange laws that allow anything connected to football being 'different' to other tax laws that Companies have to face and IMHO maybe the tax-man ( woman ) has a good case to pursue revenue-owed on behalf of other tax-payers. As far as I understand we do not have to pay them anything .I hope that helps?
I agree with Postie's reply.
However we did owe them £293,000 of which they will now only get 0.77p in the £1 (£2256) if the CVA is agreed tomorrow.
Having to write off £290,744 of public money is what irks them and rightly so. Paying a player is football related but the tax due on those payments isn't for some reason. The players will eventually get all the pay owed to them but HMRC will get next to nothing of the tax due on it.