My Stockport MOLE has just told me...

[El Presidente]

....that the club secretary has made an ENORMOUS f*** up, and not charged VAT on player sales, and now the tax authorities are demanding huge sums from the club in relation to this.

This explains why there is a fire sale of players and management.

 

[Juan Albion]

Can we buy some points off them then?

 

[Glees]

How Much are the authorities asking for?

 

[severnside gull]

there are dark rumours of an archer style sell out
not happy times ahead for stockport I'm afraid

 

[Juan Albion]

It's a bit depressing to think that they are not even in the playoffs and if they lost 10 points for going into admin, they'd STILL be 10 points ahead of us.

 

[Stoo82]

such a shame for the fans. I wish the club well.

 

[seagullsovergrimsby]

The good news about selling McLeod will be that he is VAT exempt as he is zero rated for being a big blob of fat.

 

[clapham_gull]

£250,000 by March, if thats what theyve been talking about on their forums

 

[seagullsovergrimsby]

£250,000 by March, if thats what theyve been talking about on their forums

Which is what they are after in compensation for Gannon.

 

[Juan Albion]

Which is what they are after in compensation for Gannon.

Everyone's a winner!

 

[trueblue]

I thought it was common knowledge that the club owes the Inland Revenue £450k.

 

[Horsham Gull]

do you think they will have to go into administration?

 

[Pot noodles for everyone]

Hang on El Pres. The club is VAT registered. They merely need to issue retrospective VAT invoices charging the VAT only element to the clubs they sold players to and the purchasing clubs can claim the VAT back from the taxman after they've paid Stockport.

What's the problem?

 

[Beach Hut]

Their chairman spoke on SCR tonight they are in big trouble financially.

 

[Silent Bob]

there are dark rumours of an archer style sell out
not happy times ahead for stockport I'm afraid

I thought they were owned by a fans trust that is attempting to buy back their ground?

 

[Don Tmatter]

I thought listening to that interview, that their chairman would be surprised if JG chose to leave them.

 

[algie]

....that the club secretary has made an ENORMOUS f*** up, and not charged VAT on player sales, and now the tax authorities are demanding huge sums from the club in relation to this.

This explains why there is a fire sale of players and management.

Don't lie.You have no friends and certainly no moles.

 

[London Pompous]

Hang on El Pres. The club is VAT registered. They merely need to issue retrospective VAT invoices charging the VAT only element to the clubs they sold players to and the purchasing clubs can claim the VAT back from the taxman after they've paid Stockport.

What's the problem?

They put VAT on the invoices but didn't put it on the returns

 

[Icy Gull]

They put VAT on the invoices but didn't put it on the returns

That would be fraud not a cock up. I think Pot Noodles is right if they have merely "forgotten" to charge VAT though.

Or is this thread just another wind up? (likely)

 

[TonyW]

I thought listening to that interview, that their chairman would be surprised if JG chose to leave them.

That may depend on whether the club decide to pay Gannon the 50 grand they owe him!!!