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NUFC September 2020

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Grumpy Old Man said:
That was the most worrying thing for Mags fans. You only put a provision in where the expectation of having to pay up is higher than the possibility of non-payment. I'd have expected the note of a contingent liabliity, noting a risk that's less than 50% likely to arise.

Minor technical note: it was a provision, not an accrual. An accrual is a recognition of an existence of a liability, which is known, but no yet invoiced by a supplier (like a proportion of the next gas bill). A provision is an estimate of a liability likely to arise, but not yet quantifiable with 100% accuracy.
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Grumps I have had a few #cans to celebrate our glorious passage into the next round so I will return to this post tomorrow when it will hopefully make more sense to me. And I got like 10 GCSEs and everything
 

Dilligaf60 said:
HMRC will pursue the case in due course. These things can take years and years mate. If they haven’t given notice they aren’t taking any further action which they haven’t, then you'd be wrong to assume it’s gone away.
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Spot on. The case is open until HMRC say it's closed. This one is particularly complicated as it involved multiple taxes (Income Tax, Corporation Tax, National Insurance and VAT), plus whatever the French are doing. I've just had a quick look at the HMRC organisation chart, and this could involve staff from up to five directorates. I should also add that HMRC can investigate the six tax years preceding the alleged offence also, Should they find further evidence of irregularities (not necessarily relating to the original investigation), the clock is pushed back further until they find six clean years. I wonder if they've hit the Shepherd years?
 
Grumpy Old Man said:
Spot on. The case is open until HMRC say it's closed. This one is particularly complicated as it involved multiple taxes (Income Tax, Corporation Tax, National Insurance and VAT), plus whatever the French are doing. I've just had a quick look at the HMRC organisation chart, and this could involve staff from up to five directorates. I should also add that HMRC can investigate the six tax years preceding the alleged offence also, Should they find further evidence of irregularities (not necessarily relating to the original investigation), the clock is pushed back further until they find six clean years. I wonder if they've hit the Shepherd years?
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That would be interesting!
 
Grumpy Old Man said:
Spot on. The case is open until HMRC say it's closed. This one is particularly complicated as it involved multiple taxes (Income Tax, Corporation Tax, National Insurance and VAT), plus whatever the French are doing. I've just had a quick look at the HMRC organisation chart, and this could involve staff from up to five directorates. I should also add that HMRC can investigate the six tax years preceding the alleged offence also, Should they find further evidence of irregularities (not necessarily relating to the original investigation), the clock is pushed back further until they find six clean years. I wonder if they've hit the Shepherd years?
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Thats all well and good but nothing is happening cause the mags have put their fingers in their ears and went "ner ner it aint happening and we aint listening"
 
The Ghost of Arca said:
Imagine the letters to MP's and how many pretend suicides there will be if summit big does come of it
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Would be fun to watch. It’s never a good idea to try and steal from the government. Once they get hold of something like this they are like a dog with a bone, f***ing relentless. They’ve been waiting years to make an example of a premier league club for ripping them off. The longer HMRC are silent on this the more worried I’d be if I were a mag. As an aside I wonder if their tame MP is going to push this as a way of getting at fat mick 😂😂😂 She really has opened a can of worms for herself using those numpties as a vehicle to promote herself.
monkyArms said:
why not just accept the bitterness
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English please.
Bears Beets said:
:lol: :lol: :lol: :lol:
Christ, look at the f***ing state of you man.
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Can you tell me wtf it’s on about?
Bear said:
Aye only airport in England that flys to Spain
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Apparently so. Every day is a school day.
The Ghost of Arca said:
We divvant understand
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I think I’m quite happy with that.
 
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To be honest I had totally forgotten about all the HMRC stuff but even with my basic knowledge I would assume such complex issues might take years to investigate. A few months ago I called 999 in an emergency and the police still haven’t turned up!
 
Grumpy Old Man said:
Spot on. The case is open until HMRC say it's closed. This one is particularly complicated as it involved multiple taxes (Income Tax, Corporation Tax, National Insurance and VAT), plus whatever the French are doing. I've just had a quick look at the HMRC organisation chart, and this could involve staff from up to five directorates. I should also add that HMRC can investigate the six tax years preceding the alleged offence also, Should they find further evidence of irregularities (not necessarily relating to the original investigation), the clock is pushed back further until they find six clean years. I wonder if they've hit the Shepherd years?
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I recall having a chat with you about it a while back. I don’t think they fully understand the gravity of their situation. I doubt they’ve got back as far as fabulous Freddie. Put it this way, I’m very very happy it isn’t us.
Sabre Mag said:
To be honest I had totally forgotten about all the HMRC stuff but even with my basic knowledge I would assume such complex issues might take years to investigate. A few months ago I called 999 in an emergency and the police still haven’t turned up!
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They are far too busy to be cutting about looking for lost hamsters mate.
 
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Grumpy Old Man said:
Spot on. The case is open until HMRC say it's closed. This one is particularly complicated as it involved multiple taxes (Income Tax, Corporation Tax, National Insurance and VAT), plus whatever the French are doing. I've just had a quick look at the HMRC organisation chart, and this could involve staff from up to five directorates. I should also add that HMRC can investigate the six tax years preceding the alleged offence also, Should they find further evidence of irregularities (not necessarily relating to the original investigation), the clock is pushed back further until they find six clean years. I wonder if they've hit the Shepherd years?
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the bit in brackets i read with the tune of only fools and horses in my head, which the horse bit is quite appropriate for the mags.
 
Dilligaf60 said:
I recall having a chat with you about it a while back. I don’t think they fully understand the gravity of their situation. I doubt they’ve got back as far as fabulous Freddie. Put it this way, I’m very very happy it isn’t us.

They are far too busy to be cutting about looking for lost hamsters mate.
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He was barely in there man.....

Edit: She. I’m not a total pervert.
 
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