Jimfanciesthedude 25,697 Posted October 26, 2012 Share Posted October 26, 2012 administration before next season maybe, they must be bookie favourites nowhttp://www.guardian.co.uk/football/2012/oct/26/hearts-revenue-customs-tribunal-tax-bill?CMP=twt_guHearts will become the latest Scottish club to face Her Majesty's Revenue and Customs in a tax tribunal, during a hearing scheduled for 11 days next month.Hearts have been issued with a bill for £1.75m which HMRC claims is due in taxation for a batch of players on loan at Tynecastle from the Lithuanian club FBK Kaunas up to seven years ago. Those players routinely earned weekly salaries of thousands of pounds but only a tiny percentage of that was paid via Hearts.HMRC claims tax on these full salaries should have been paid in the United Kingdom, rather than in Lithuania, where rates are considerably lower. Hearts argue the scenario was no different to any routine loan player arrangement, when wages can be subsidised by parent clubs.At the time of the payments, Kaunas were controlled by Vladimir Romanov, the man behind the Ukio Bankas Investment Group (Ubig) which also owns Hearts. Hearts have referred to the tax case in their annual accounts dating back to year end 2009 but had previously failed to specify its exact nature, even upon questioning at their annual general meetings.The Edinburgh club have stressed there is no comparison with the employee benefit trust scheme which led Rangers towards their high-profile tribunal with HMRC worth tens of millions of pounds, which is subject to an as-yet unconfirmed result, and that the football authorities are not in pursuit of them. Linked to the Rangers affair is an ongoing investigation by the Scottish Premier League regarding allegations that the Ibrox club illegally registered their players during their employee benefit trust years.Hearts have launched a share programme, in which they will be seeking £1.79m from supporters in exchange for a 10% stake in the club; Tynecastle insiders are adamant the close proximity of that figure to the tax issue is purely coincidental. A brochure detailing the share scheme will go live online on Friday evening and will include the tax case as a potential risk. HMRC declined to comment.Despite assurances in the football club's annual report, Ubig is apparently now unwilling to meet any financial shortfall; Hearts are currently subject to a transfer embargo from the SPL because of the late payment of player wages.Hearts' present salary bill is thought to be in the region of £7m per year, with the club looking to halve that burden. A string of their highest-earning players, including Marius Zaliukas, Andrew Driver and Andy Webster, will run out of contract at the end of this season.bye bye you horrible shower of bastards, dont be expecting a charles green to come and save your arses, your club is worth buttons now, not even selling the stadium would work as no cunt can afford to build houses nowadays nevermind buy the fucking things Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted October 26, 2012 Share Posted October 26, 2012 Coincidental my ass. Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted October 26, 2012 Share Posted October 26, 2012 £7million wage bill? Lets see, 8500 season tickets at an average £250 thats £2.125million. Hmmm. Good luck. Quote Link to post Share on other sites More sharing options...
Bill tells the struth 45 Posted October 26, 2012 Share Posted October 26, 2012 £7million wage bill? Lets see, 8500 season tickets at an average £250 thats £2.125million. Hmmm. Good luck.You've done your sum wrong: 2billion and 125 million? That's some crowed that is ...lol Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted October 26, 2012 Share Posted October 26, 2012 You've done your sum wrong: 2billion and 125 million? That's some crowed that is ...lolThick as fuck. Quote Link to post Share on other sites More sharing options...
OLE SUPER WILBERT 2,475 Posted October 26, 2012 Share Posted October 26, 2012 Thick as fuck.I think he's quite smart for a taig. Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted October 26, 2012 Share Posted October 26, 2012 You've done your sum wrong: 2billion and 125 million? That's some crowed that is ...lol2.125 million. You missed the point. Quote Link to post Share on other sites More sharing options...
Bill tells the struth 45 Posted October 26, 2012 Share Posted October 26, 2012 Thick as fuck.Thick as mince you. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted October 26, 2012 Share Posted October 26, 2012 Thick as mince you. Quote Link to post Share on other sites More sharing options...
Bill tells the struth 45 Posted October 26, 2012 Share Posted October 26, 2012 I new you be. Quote Link to post Share on other sites More sharing options...
OLE SUPER WILBERT 2,475 Posted October 26, 2012 Share Posted October 26, 2012 I new you be. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted October 26, 2012 Share Posted October 26, 2012 I new you be.Medieval as fuck. Quote Link to post Share on other sites More sharing options...
RM Monitor And Standards Officer 113,544 Posted October 26, 2012 Share Posted October 26, 2012 I new you be. Quote Link to post Share on other sites More sharing options...
mongolikecandy 418 Posted October 26, 2012 Share Posted October 26, 2012 And so it beginsFUCK THEM Quote Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted October 26, 2012 Share Posted October 26, 2012 Shame eh , rot in hell Hearts Quote Link to post Share on other sites More sharing options...
Gillete 1,338 Posted October 26, 2012 Share Posted October 26, 2012 Shits just got real! Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted October 26, 2012 Share Posted October 26, 2012 Shits just got real!They'll soon find out who their friends are. Lets see, top of the league Celtic, second top Hibs. Quote Link to post Share on other sites More sharing options...
Helicopter Sundae 6,562 Posted October 26, 2012 Share Posted October 26, 2012 third top.........er.......... there won't be a third top, because it will be a two team league.Mind you it has been a two horse race for the last 27 years.... Quote Link to post Share on other sites More sharing options...
Ozblue 4,332 Posted October 26, 2012 Share Posted October 26, 2012 Medieval as fuck.And a bit of Jethro Tull into the bargain,methinks Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted October 27, 2012 Share Posted October 27, 2012 And a bit of Jethro Tull into the bargain,methinks I'm too young for that! Quote Link to post Share on other sites More sharing options...
Ozblue 4,332 Posted October 27, 2012 Share Posted October 27, 2012 I'm too young for that! I'm sure you got the gist of my post because he's definitely TAAB and I'm not referring to Ian Anderson Quote Link to post Share on other sites More sharing options...
mclovin9091 1,408 Posted October 27, 2012 Share Posted October 27, 2012 Ahahahahahahahahaahaahhahaahahahahahaahahhaahahahahahahahahahahahahahaahhahahahahahahhahahaahahahahaahahahaahahahahahaahahahah.Fuck off hearts the SPL don't need you either.1 down before Christmas? Quote Link to post Share on other sites More sharing options...
watp1690rfc 32 Posted October 27, 2012 Share Posted October 27, 2012 Fuck! There goes a really good feeder club! Ach well Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted October 27, 2012 Share Posted October 27, 2012 I'm too young for that! Based on age or behavior Quote Link to post Share on other sites More sharing options...
King_gazza 1,065 Posted October 27, 2012 Share Posted October 27, 2012 If Hearts go into Admin then i want them hit with all the exact sanctions as us. Quote Link to post Share on other sites More sharing options...
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