Podcast Episode 5 – Hibs Takeover ?

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Hoopy7. Says September 6. 2014 @4.12pm HMRC should already be due the …

Comment on Podcast Episode 5 – Hibs Takeover ? by oddjob.

Hoopy7. Says

September 6. 2014 @4.12pm

HMRC should already be due the VAT, whether the season ticket money has been used or not.

The “tax point” is the date of sale. As soon as a season ticket is issued, the tax is due.

Years ago various clubs (including Celtic,under Wee Fergus),tried to have this system changed, arguing that the tax should not be remitted until each season voucher was used. Their approaches were rejected. Clubs collect the VAT and are required to remit that to HMRC in the appropriate accounting period. I would think that that time already be passed in TRFC`s case

oddjob Also Commented

Podcast Episode 5 – Hibs Takeover ?
Paulmac2 @2.28

Thanks. Could be that, or perhaps TRFC don’t anticipate a huge demand for tickets, and are cutting costs accordingly.

Podcast Episode 5 – Hibs Takeover ?
Beatipacificscotia says

September 5 2014 @ 8.02 pm

TRFC play Inverness CT, currently the Premier League leaders, on 16th of September and tickets are now being made available beatipacicscotia`s post highlights the details regarding prices and payments etc, as published by the club.

What interested me was the added notice that, the Club deck, the Copland rear and the Broomloan rear would remain closed for operational reasons.

As far as I can recall, away fans are generally housed in the corner between the Broomloan and Sandy Jardine stands, so I cannot see that these closures are as a result of the police directive a few weeks ago.

Are major repairs being carried out, or is there some other reason. The notice regarding the game with Hibs on 29 Sept does not refer to any closures.

These are sizeable areas of the ground, and I would have imagined the club would strive to have all seats filled.

If repairs are the reason, I cannot see the cost being described as a “liability” but the work could be expensive.

Podcast Episode 5 – Hibs Takeover ?
Based on the snippets coming to us, my interpretation of what Mr Summers is saying is—look your lordship, we don’t have any money, but we’re still going round with the begging bowl”.

He says the club will soon be debt free and in the next breath talks about a loan facility.

With regard to the debt, I understood TRFC owed RIFC in the region of Ā£16m, pus the loans from Mr Letham and Mr Easdale.

Where are the funds to clear those debts coming from?

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