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Apparently HMRC have issued a winding up order.....

Other than this no being good news - I don't know the implications ? - any finance gurus ? 

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A google search told me this..

"Once the Court has issued a winding up order there is nothing that can be done to stop the company from being completely liquidated. However, there is a short period of time during which you can take action to prevent the order from being issued."

Seems a bit extreme for missing what sounds like one tax payment, but maybe we've just not been paying our taxes for a while.. 

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Haven't the club winded us up enough already.

There is no need for HMRC to issue any orders.

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Club Statement - XIA assumes full control - shite shite - shite !!!!! 

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8 minutes ago, hippo said:

How does this differ from administration ? 

Chill out.

 

Edited by Swerbs
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6 minutes ago, Swerbs said:

Chill out.

 

Oh good, the numbers of letters than HM send out regarding these payments probably all just happened to get lost in the post. Every one of them.

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The noses are going to have an absolute field day over this. 

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Boys and girls we have massive issues. This does not just happen. This could be the start of a really bad summer. 

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1 minute ago, Pimlico_Villa said:

If we are loss making, what are we expected to be taxed on? 

Not all taxes rely on profit being made. VAT, national insurance? 

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I don't know UK tax law, but normally countries are quite strict with their laws on taxes, ie if you miss a payment there are severe measures that can be taken, but also if you pay up within a short period of time those measures wont be taken. Hopefully it's just that we by negligence missed a payment and nothing more than that.

If it on the other hand is so that we don't have enough cash to pay up, it could be very very bad. We'd need to take emergency loans or urgently sell assets...

Edited by Keener window-cleaner

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Christ it's getting hard to remain optimistic.

Might just try and shut myself off from football altogether until August.

See you on the other side folks!

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