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Altrincham FC First Team / Re: Vics find answer to financial problems - "It's just a cash flow thing"
« on: December 17, 2008, 12:30:32 PM »I will just say that my banks that I owe. I am sure they will understand. I am surprised the government hasn't bailed the Vics out.
In a way the Government has already bailed them out.............firstly the HMRC have let them accumulate such a large debt over several years. Something they would not let you and I do. We have to pay up on time. How they allow some clubs' not to send in to them players income tax and NI contributions is absolutely mind blowing
Then they have let them defer the re-payments of this large debt (which to be fair they let Alty do as well) and now they have let Vics default on those payments (which is something Alty DID NOT do). When Admin comes, they will then let them off the payments because they will be unable to collect it!!!
Not sure they have actually defaulted on the tax repayments though.
I thought they (NV) were recently issued with a winding up order by HMRC due to late payments. I also thought it was adjourned because Vics promised to pay the latest installment very soon. I could be wrong though.