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Players wages
Perhaps the late payment of the players wages has more to it than just insufficient funds - maybe the club is trying to push the PAYE liability into the next tax month to give them breathing space before paying over the PAYE?
football clubs and PAYE
The truth seems to be that for years football clubs have seen not paying over the PAYE stopped from players' wages as a good wheeze for improving cash flow, and then whinged about HMRC when it has the effrontery to try to collect it. HMRC usually seems to be the largest creditor in most cases when a club goes into administration. This is very close to deliberate evasion - it is not after all the club's money - and I suggest that in fact HMRC should be a lot tougher with them.
Couldn't agree more Simon
I'm so glad that HMRC will have new powers to issue penalties during the tax year for non payment of PAYE next year. It is scandalous that football clubs are paying more than they can afford in "net pay" and then going under leaving HMRC to go whistle. This is probably one of the instances when the loss of Crown preference is a bad idea.
I agree that the Collector (sorry, Debt Management) should get much heavier on businesses which use taxpayer's money (unpaid PAYE) as a source of cheap finance, and this includes the football sector from top to bottom - the non league clubs are no better; I have been reading about one particular lower ranking club on the brink of going under which owes a staggering sum to HMRC - some 10 times the amount owed to any other creditor. Disgraceful that they are in that state, but almost as bad that they have been allwed to get into that state. Although it would present real difficulty for small employers this does militate towards monthly reporting of PAYE and NIC as for the construction sector to give HMRC a better handle on the liabilities before they get out of control. (Oh dear, did I really say that?)
Well said !
Why should the taxpayer fund overpaid footballers ?
monthly PAYE returns ?? Not good for small employers HMRC are unsympathetic to small business and will just fix bayonets and charge.
The construction industry has just gone underground ! I am fed up with having to try and counter pub advisers regarding the need to operate the CIS. The construction industry has worked out it does not need to comply with this one either.
directors
Perhaps all footballers should also be directors ! Paye collection no problem !