Depends on what the tax is

Vat you just submit your return but they are giving you to March next year to pay it.

It can't be Vat as that's quarterly and they can't have turned over 100m in 3 months.

Even then it's still got to be paid which is where I think a lot of businesses will get in trouble as they'll be using there tax liabilities as cash flow nowwith no guarantee they'll be operating at a level to make the payment when due.

Posted By: inutero on April 25th 2020 at 10:48:17

Message Thread

Webber/mrs Webber & Kensall all busy at the moment!!!... (NCFC) - loz, Apr 25, 09:06:16
- Those losses are if the season is cancelled.... (NCFC) - usacanary, Apr 25, 14:16:48
- If you read it with the £16m budgeted profit and the £18m deferred tax (NCFC) - Jim, Apr 25, 10:18:04
  - Huge losses next season as well future of our club and many others in real trouble (n/m) (NCFC) - loz, Apr 25, 10:24:06
    - Cash flow is the issue rather than profit or loss (n/m) (NCFC) - SimonOTBC, Apr 25, 10:39:45
    - Maybe, maybe not. Too early to say isn’t it. may get another undeserved year in the prem (n/m) (NCFC) - Jim, Apr 25, 10:29:34
      - Not likely if Boris is a slave to Rupert Murdoch which... (NCFC) - loz, Apr 25, 10:30:12
        
        Does appear that the govt view the prem restarting as “symbolic” so will (NCFC) - Jim, Apr 25, 10:31:02
- Preparing the ground for the begging bowl, getting the (NCFC) - Jim, Apr 25, 10:16:48
  - ^^ Absolutely agree Jim (NCFC) - JoeyDeacon, Apr 25, 10:23:52
- Just sell Aarons, Buendia and Cantwell (n/m) (NCFC) - thirsty work, Apr 25, 10:10:33
  - that should probably raise about 10m in the current market (n/m) (NCFC) - Mecagoenti, Apr 25, 10:12:49
- You know what’s coming (NCFC) - inutero, Apr 25, 09:28:33
  - Even though HMRC offer the tax deferral... (NCFC) - SimonOTBC, Apr 25, 10:41:44
    - Depends on what the tax is (NCFC) - inutero, Apr 25, 10:48:17
      - Yes, but got to be worth a go hasn’t it? (NCFC) - SimonOTBC, Apr 25, 11:04:26
  - But surely those taxes budgeted for before the £16m profit anyway (n/m) (NCFC) - Jim, Apr 25, 10:18:51
    - Doesn’t make sense (NCFC) - inutero, Apr 25, 10:35:27
      - We'll have big VAT and PAYE/NI amounts to pay each month (NCFC) - JD3, Apr 25, 13:26:30
        
        sent too early! (NCFC) - JD3, Apr 25, 13:29:03
      - It could be corporation tax or PAYE (NCFC) - SimonOTBC, Apr 25, 10:44:42
        
        Doubt it (NCFC) - inutero, Apr 25, 10:54:09
        
        PAYE plus CT and whatever VAT is due (n/m) (NCFC) - SimonOTBC, Apr 25, 11:05:03
  - Of course it is (NCFC) - Cardiff Canary, Apr 25, 10:10:33
  - They can keep my money .... (NCFC) - loz, Apr 25, 09:32:37
    - I will help them by not taking refunds if they have exhausted all avenues (NCFC) - Jim, Apr 25, 10:20:14
      - I would take the refund in any circumstances (NCFC) - Mecagoenti, Apr 25, 10:21:35
    - They can fuck right off (NCFC) - Tombs, Apr 25, 09:56:15
      - What did you do to get banned? (n/m) (NCFC) - asics_kit, Apr 25, 10:11:24
        
        Supported the club (n/m) (NCFC) - Tombs, Apr 25, 10:55:31
      - I presume they are thoroughly regretting that decision now (NCFC) - Mecagoenti, Apr 25, 10:11:19
        
        I hope he cuddles up nice and snug with his bottom line every night now (n/m) (NCFC) - Tombs, Apr 25, 10:38:05
      - How you getting on Mr Tombs? Everything good in the countryside? (n/m) (NCFC) - DrDublin, Apr 25, 10:10:40
        
        Keeping busy dubbs thats the key (NCFC) - Tombs, Apr 25, 10:49:56
        
        let me know when the whisky plank goes in and i'll raise a glass to celebrate (n/m) (NCFC) - Chris Peacock, Apr 25, 12:17:31
        
        That looks amazing and brilliant. My old friend from school still makes pure wooden. (NCFC) - DrDublin, Apr 25, 11:11:39
        
        To quote sir robert motrimer, this is my tomato (NCFC) - Tombs, Apr 25, 11:23:59
        
        They can make them out of mushrooms now Tombs,no bull! (n/m) (NCFC) - protheroe fitzgibbon, Apr 25, 10:59:17
        
        You been on the shrooms proth? (n/m) (NCFC) - Tombs, Apr 25, 11:05:45
        
        Seriously,I linked it up the day.It's from the part of the mushroom (NCFC) - protheroe fitzgibbon, Apr 25, 11:08:44
        
        Cor it isanall (NCFC) - Tombs, Apr 25, 11:14:59

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.