TheAuthority Posted June 15, 2018 VT Supporter Share Posted June 15, 2018 21 hours ago, HanoiVillan said: We've gone, like, 48 hours or something without a catastrophic headline, and suddenly everyone seems to have convinced themselves that the crisis was all some sort of mirage. Two urgent tests in the next two weeks or so: can we convince Shaun Harvey we have the money to fulfil our fixtures? Can we pay June's tax bill and wage bill? I might be wrong but I was under the impression that business tax was paid quarterly? So the one that we struggled paying would have been the end FY18 Q2. That would mean that the next one wouldn't be due until September. Maybe some business owners could clarify? @NurembergVillan looking for you! Link to comment Share on other sites More sharing options...
NurembergVillan Posted June 15, 2018 Moderator Share Posted June 15, 2018 1 minute ago, TheAuthority said: I might be wrong but I was under the impression that business tax was paid quarterly? So the one that we struggled paying would have been the end FY18 Q2. That would mean that the next one wouldn't be due until September. Maybe some business owners could clarify? @NurembergVillan looking for you! Corporation Tax is annual, VAT is quarterly. There will also be taxes related to PAYE and NIC, but I don't employ anyone so can't help on that. @Risso is our resident tax expert. 1 Link to comment Share on other sites More sharing options...
TheAuthority Posted June 15, 2018 VT Supporter Share Posted June 15, 2018 In the US the equivalent of PAYE and NIC are also paid quarterly. Link to comment Share on other sites More sharing options...
Xela Posted June 15, 2018 Share Posted June 15, 2018 VAT could be monthly or quarterly. The bigger the business they tend to go quarterly (from experience of managing clients wth turnovers up to $0.5bn) The monthly wage bill will be the biggest expenditure the club has to find. Link to comment Share on other sites More sharing options...
Stevo985 Posted June 15, 2018 VT Supporter Share Posted June 15, 2018 21 hours ago, HanoiVillan said: We've gone, like, 48 hours or something without a catastrophic headline, and suddenly everyone seems to have convinced themselves that the crisis was all some sort of mirage. Two urgent tests in the next two weeks or so: can we convince Shaun Harvey we have the money to fulfil our fixtures? Can we pay June's tax bill and wage bill? A lot of people also seem to have taken us giving a new, significantly reduced, contract to a 33 year old full back as evidence that we've actually got money. I'm not sure why. Link to comment Share on other sites More sharing options...
Keener window-cleaner Posted June 15, 2018 Share Posted June 15, 2018 27 minutes ago, NurembergVillan said: Corporation Tax is annual, VAT is quarterly. There will also be taxes related to PAYE and NIC, but I don't employ anyone so can't help on that. If you would be about to employ someone and fat man with a friendly face named Keith applies, say no. Link to comment Share on other sites More sharing options...
snowychap Posted June 15, 2018 Share Posted June 15, 2018 (edited) 38 minutes ago, TheAuthority said: In the US the equivalent of PAYE and NIC are also paid quarterly. Pay employers' PAYE : Quote Overview You must pay your PAYE bill to HM Revenue and Customs (HMRC) by: the 22nd of the next tax month if you pay monthly the 22nd after the end of the quarter if you pay quarterly - for example, 22 July for the 6 April to 5 July quarter Edited June 15, 2018 by snowychap Link to comment Share on other sites More sharing options...
Popular Post NurembergVillan Posted June 15, 2018 Moderator Popular Post Share Posted June 15, 2018 8 minutes ago, Keener window-cleaner said: If you would be about to employ someone and fat man with a friendly face named Keith applies, say no. 3 2 Link to comment Share on other sites More sharing options...
Keener window-cleaner Posted June 15, 2018 Share Posted June 15, 2018 7 hours ago, hippo said: It would seems the supporters trust aren't convinced - also mentions a supporter buyout. https://www.expressandstar.com/sport/football/aston-villa/2018/06/15/supporters-trust-call-for-urgent-meeting-with-aston-villa-board-over-financial-crisis/ The Aston Villa Supporters' Trust have have again called for clarity on the current situation at Villa Park and asked the club to make a quick decision on the future of manager Steve Bruce. I'm not very familiar with the Supporters Trust, but I like the sound of it. I've looked at the home page but I didn't really get a grip of what it is. Anyone who could give me some more info, for example who runs it and what influence they have? Worth donating some money to? Link to comment Share on other sites More sharing options...
briny_ear Posted June 15, 2018 Share Posted June 15, 2018 26 minutes ago, snowychap said: Pay employers' PAYE : Couldn’t Be quarterly if we had trouble paying one in May? I’m guessing monthly so stand by your beds on 22 June! Link to comment Share on other sites More sharing options...
Risso Posted June 15, 2018 Share Posted June 15, 2018 2 hours ago, snowychap said: Pay employers' PAYE : You can only pay quarterly if you pay less than £1,500 a month. Aston Villa's wage bill is more than at an hour, so it obviously doesn't apply. 1 1 Link to comment Share on other sites More sharing options...
NurembergVillan Posted July 18, 2018 Moderator Share Posted July 18, 2018 Feels like this will be a regular occurrence around about the 16th of each month now. "Dr" Tony will this evening be logging into "webuyanycentrehalf.com" to see what he can get for Chester. Quote Aston Villa need a cash injection before the weekend as owner Tony Xia’s problems continue to mount. Money needs to be raised by Friday to pay this month’s tax bill on time, but the embattled chairman is close to exhausting his loan options. https://www.birminghammail.co.uk/sport/football/football-news/tony-xias-aston-villa-cash-14924623 1 Link to comment Share on other sites More sharing options...
Nigel Posted July 18, 2018 VT Supporter Share Posted July 18, 2018 Wonder whats going to happen here. Groveling call to a smirking Levy? Sell the club before you bring us down with you! Link to comment Share on other sites More sharing options...
villan501 Posted July 18, 2018 Share Posted July 18, 2018 Imo Villa is finished that idiot xia is too stubborn to sell he keeps insisting he "doesnt want to sell" wake up tony it's sell or villa are finished because at this rate were going to be swamped by interest from loans. Link to comment Share on other sites More sharing options...
AshVilla Posted July 18, 2018 Share Posted July 18, 2018 He's run out of gasoline to pour on the already roaring fire. Were well and truly **** now. Link to comment Share on other sites More sharing options...
TheAuthority Posted July 18, 2018 VT Supporter Share Posted July 18, 2018 If you’re interested in what it’s like for a club in administration read the first few chapters of Neil Warnocks book. He talks about managing Palace and having players sold out from under him by the administrator. You can read it for free on Amazon as part of the preview. It’s not pretty. Link to comment Share on other sites More sharing options...
ciggiesnbeer Posted July 18, 2018 Share Posted July 18, 2018 Quick call up Lyngby! I am sure advice will save the day! We seemed to think it would for them..... Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted July 18, 2018 Share Posted July 18, 2018 Can someone just shoot him please. Link to comment Share on other sites More sharing options...
Fowlersrs Posted July 18, 2018 Share Posted July 18, 2018 We will be sponsored by quick quid soon. Third kit sponsor... Link to comment Share on other sites More sharing options...
hooter Posted July 18, 2018 Visiting Supporter Share Posted July 18, 2018 What date is payroll day fellas ? Link to comment Share on other sites More sharing options...
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