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Post by Deleted on Mar 6, 2012 21:13:29 GMT 1
Newcastle United are the latest football club to settle a dispute over image rights with the tax authorities. The settlement covers all outstanding disputes with Revenue and Customs, it is believed. The sum involved has not been revealed but it is thought to be less than the amount set aside as a contingency in the accounts. By labelling payments image rights rather than salaries they can be paid to companies, often offshore, and attract corporation tax at 26pc rather than higher rate income tax at 50pc. Although only Chelsea and Newcastle have released information on settlements with HMRC, most Premiership clubs are understood to have come to agreements covering past liabilities and future treatment of payments. The club will be releasing its financial results later in the week. Should be interesting to see those results always providing they are made public of course. Strongly suspect they will be very misleading..............bit like my Karma!  CWL  |
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Post by Deleted on Mar 6, 2012 23:12:01 GMT 1
Newcastle United are the latest football club to settle a dispute over image rights with the tax authorities. The settlement covers all outstanding disputes with Revenue and Customs, it is believed. The sum involved has not been revealed but it is thought to be less than the amount set aside as a contingency in the accounts. By labelling payments image rights rather than salaries they can be paid to companies, often offshore, and attract corporation tax at 26pc rather than higher rate income tax at 50pc. Although only Chelsea and Newcastle have released information on settlements with HMRC, most Premiership clubs are understood to have come to agreements covering past liabilities and future treatment of payments. The club will be releasing its financial results later in the week. Should be interesting to see those results always providing they are made public of course. Strongly suspect they will be very misleading..............bit like my Karma! CWL Noticed your Karma deterioration........it may be coming with age....but someone suggested Magpie was doing it..........Shirley Knott... |
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Post by Deleted on Mar 7, 2012 0:02:00 GMT 1
Interesting I didn't know Shirley was a member of the Renegades. Perhaps she is your secret admirer who has raised (gotta get a rise anyway you can at your age) your Karma to such a high level. Shame you are still 3540+ posts behind me and your Karma is even further behind than your total sum of Forum missives. Bit of catching up to do perhaps...............such is life............... CWL  |
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Post by Blue Star Broon on Mar 7, 2012 1:49:56 GMT 1
Interesting I didn't know Shirley was a member of the Renegades. Perhaps she is your secret admirer who has raised (gotta get a rise anyway you can at your age) your Karma to such a high level. Shame you are still 3540+ posts behind me and your Karma is even further behind than your total sum of Forum missives. Bit of catching up to do perhaps...............such is life............... CWL Have it on good authority Cannyman keeps all his karmas wrapped up in a knock off Sports Direct Bag left at SJP by one of the unwashed  |
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Post by Deleted on Mar 7, 2012 4:49:38 GMT 1
Interesting I didn't know Shirley was a member of the Renegades. Perhaps she is your secret admirer who has raised (gotta get a rise anyway you can at your age) your Karma to such a high level. Shame you are still 3540+ posts behind me and your Karma is even further behind than your total sum of Forum missives. Bit of catching up to do perhaps...............such is life............... CWL I've had 3 missives in my life , but only one at the moment.......does that count? The only woman on here who is remotely close to being a forum missive is Roma......  |
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Post by Deleted on Mar 7, 2012 10:26:27 GMT 1
Have it on good authority Cannyman keeps all his karmas wrapped up in a knock off Sports Direct Bag left at SJP by one of the unwashed Well wherever he keeps them Broon something smells........................ Perhaps as it's Spring he is on the search for a new mate.................. Mind you he better be careful as I understand the current one has Family  ties that involve offers that cannot be refused. He may well end up in one of those plastic bags in small bits or as food for the fishes!  CWL  |
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Post by Blue Star Broon on Mar 7, 2012 10:51:46 GMT 1
Have it on good authority Cannyman keeps all his karmas wrapped up in a knock off Sports Direct Bag left at SJP by one of the unwashed Well wherever he keeps them Broon something smells........................ Perhaps as it's Spring he is on the search for a new mate.................. Mind you he better be careful as I understand the current one has Family ties that involve offers that cannot be refused. He may well end up in one of those plastic bags in small bits or as food for the fishes! CWL Knowing the guy............if something smells he'll tell ya "there's something rotten in Denmark" and blame poor Fairsy  |
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Post by Deleted on Mar 7, 2012 12:22:58 GMT 1
Have it on good authority Cannyman keeps all his karmas wrapped up in a knock off Sports Direct Bag left at SJP by one of the unwashed Well wherever he keeps them Broon something smells........................ Perhaps as it's Spring he is on the search for a new mate.................. Mind you he better be careful as I understand the current one has Family ties that involve offers that cannot be refused. He may well end up in one of those plastic bags in small bits or as food for the fishes! CWL I'm impressed CWL.....what a memory.........perhaps Broon will get the horses head.  |
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Post by Deleted on Mar 7, 2012 20:14:14 GMT 1
I'm impressed CWL.....what a memory.........perhaps Broon will get the horses head. Broon may well lose his own head if Mrs Broon gets wind of what goes on at Waldo's................ better hope she doesn't read this Forum. CWL  |
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Post by Blue Star Broon on Mar 8, 2012 0:15:49 GMT 1
I'm impressed CWL.....what a memory.........perhaps Broon will get the horses head. Broon may well lose his own head if Mrs Broon gets wind of what goes on at Waldo's................ better hope she doesn't read this Forum. CWL Thankfully the woman is not internet savvy. That is what the Private Dick is fer  |
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Post by Deleted on Mar 8, 2012 21:35:43 GMT 1
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Post by Deleted on Mar 9, 2012 11:34:46 GMT 1
For those of you that like to look at numbers.................... Turnover 2010/11: £88.4m Match-day revenue: £24.3m Television: £48.5m Retail: £5.2m Commercial: £10.5m Number of fans visiting St James’ Park: 1,000,000 Transfers cash received: £31m Transfers cash spent: £25.6m Wage bill: £53.6m Owner loans: £140m Overdraft level: £0 External debts: £0. After reading the above it makes me wonder just how much it would cost for someone to buy NUFC from Mikey............thoughts anyone? CWL |
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Post by Captain Marvel on Mar 9, 2012 12:01:19 GMT 1
For those of you that like to look at numbers.................... Turnover 2010/11: £88.4m Match-day revenue: £24.3m Television: £48.5m Retail: £5.2m Commercial: £10.5m Number of fans visiting St James’ Park: 1,000,000 Transfers cash received: £31m Transfers cash spent: £25.6m Wage bill: £53.6m Owner loans: £140m Overdraft level: £0 External debts: £0. After reading the above it makes me wonder just how much it would cost for someone to buy NUFC from Mikey............thoughts anyone? CWL What it proves is given the wage bill is kept under control that the club is self sufficient. If the playing standards can be kept high and the club retains or improves its position there is an even greater potential for investors.  ATB |
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Post by Blue Star Broon on Mar 9, 2012 13:24:55 GMT 1
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Post by Captain Marvel on Mar 9, 2012 13:29:17 GMT 1
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