Gillete 1,338 Posted April 22, 2012 Share Posted April 22, 2012 The rodents seem to think that HMRC do not deal in CVA'sCan anyone prove them wrong in recent dealings ? Quote Link to post Share on other sites More sharing options...
LegendofCoop 17,252 Posted April 22, 2012 Share Posted April 22, 2012 it gets included apparently Cheers mate!The rodents seem to think that HMRC do not deal in CVA'sCan anyone prove them wrong in recent dealings ? There's a first time for everything! Quote Link to post Share on other sites More sharing options...
Cadman 342 Posted April 22, 2012 Share Posted April 22, 2012 to buy into tabloid sensationalism. the bill we got served with for the BTC was 24m. the 134m is sensationalised to the maximum by throwing on every possible penalty, fee, and interest under the sun to bulk it up to 75m. Many tax & finance experts expect the final bill from the BTC to be around 10m.thanks mate it's not quite as bad as i thought then. Quote Link to post Share on other sites More sharing options...
ddundas 1 Posted April 22, 2012 Share Posted April 22, 2012 Technically no - because we still owe until the CVA is paid off. My old local Northwich Victoria have just been chucked out the Evo-Stick Northern Premier for not abiding by the CVA they had from a few years ago. How strict is it? and can you miss payments?? if so, how many??? Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted April 23, 2012 Share Posted April 23, 2012 Obviously we will have the money that we still owe to Ticketus, but aside from that,would we have any other long-term debt after exiting administration via a CVA. As above, does a CVA mean that we have the £10m or so to pay off the debt and that if that figure is for example £50m, then we try to arrange a CVA at 20p in the pound, and if successful we pay off the debt all at once at the agreed figure? Or does the CVA simply reduce our debt and combine it all into "one easy, manageable monthly payment " that we are then left paying off for months/years?Rangers makes an offer to the creditors, and it is up to the creditors to decide whether or not they want to accept it. The offer could include some monthly instalments over the next few years, or it might just be a single one-off payment to wipe the slate clean. Quote Link to post Share on other sites More sharing options...
disgruntled_bear 157 Posted April 23, 2012 Share Posted April 23, 2012 David Hillier @DavidHillier For clarity, CVA doesn't need a lump sum up front. Payments can be scheduled over longer period as long as business plan is sustainable.Think this clears up the question. Quote Link to post Share on other sites More sharing options...
Gillete 1,338 Posted April 23, 2012 Share Posted April 23, 2012 No cunt at rangers knows what a business plan is Spending £10 for every £5 Celtic put down was what we had Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted April 23, 2012 Share Posted April 23, 2012 The rodents seem to think that HMRC do not deal in CVA'sCan anyone prove them wrong in recent dealings ?Hmrc participate all the time in Cva's Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted April 23, 2012 Share Posted April 23, 2012 Think this clears up the question.Yeah we knew that, at the end of the dsay the creditors can sy we want the money up front, or say yeah we will take it paid up in instalments................but...............we want interest payments and a bigger p in the £. Quote Link to post Share on other sites More sharing options...
disgruntled_bear 157 Posted April 23, 2012 Share Posted April 23, 2012 Yeah we knew that, at the end of the dsay the creditors can sy we want the money up front, or say yeah we will take it paid up in instalments................but...............we want interest payments and a bigger p in the £.Yeah a lot of fans knew this, but clearing up the question asked in the OP. One things that isn't apparent is the whole structure of how they want a CVA structure. I would guess it isn't paid upfront. Lot of unknowns. Quote Link to post Share on other sites More sharing options...
sprotson11 147 Posted April 23, 2012 Share Posted April 23, 2012 The rodents seem to think that HMRC do not deal in CVA'sCan anyone prove them wrong in recent dealings ?As a principle HMRC do not agree to CVA's at English football clubs.This is because the English leagues have the "Football Creditors" rule, whihc essentially means that football clubs get paid before all other creditors.HMRC agree CVS's all the time with other businesses. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted April 23, 2012 Share Posted April 23, 2012 Yeah a lot of fans knew this, but clearing up the question asked in the OP. One things that isn't apparent is the whole structure of how they want a CVA structure. I would guess it isn't paid upfront. Lot of unknowns.Agree, with what you say bud Quote Link to post Share on other sites More sharing options...
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