Vital Football

Latest Cardiff City News

Tax Bill Paid, But Cardiff City Still Embargoed !

Tax Bill Paid, But Cardiff City Still Embargoed !

Cardiff City FC have issued a statement regarding payment of the latest HMRC tax debt which saw a further petition lodged in the courts against the Bluebirds and contributed to a transfer embargo imposed by the FA. HMRC will now officially withdraw their petition....until next time!!

Gethin Jenkins has stated that the bill has been paid:

'As anticipated at the beginning of the week, Cardiff City Football Club can confirm that we have paid month one of our HMRC tax bill. For the avoidance of doubt, the PAYE tax bill is a monthly issue that we continually endeavour to pay on time. HMRC is currently taking a firm stance with several football clubs, not just Cardiff City Football as a consequence of historic issues throughout the industry.'

'With regards to the embargo, the HMRC issue is currently resolved, as are several of our issues linked to football creditors, while we are currently working on the final football creditor. The final embargo issue was the failure of the club to lodge year end accounts for May 2009 which the new management team and Directors are endeavouring to get resolved in coming days.'



Unfortunately, it seems we remain under the embargo and are currently at a serious disadvantage with regards player transfers due to late filing of accounts. Many companies do not file on time, however, for a business of the size and stature of CCFC to be so late as to incur an embargo penalty seems a massive oversight. Hopefully this can be put right immediately, and be put down to new ownership/administration and will not happen in future.

Of course the payment of this debt is welcome news and somewhat of a relief. It is abundantly clear however that things are not right at the club and there is plenty of work to be done. Previously, Chief Executive Gethin Jenkins had promised that the debt would be cleared by the end of the week - that now appears true and hopefully spells the beginning of a transparent and professional management of the club. Hopefully.



Click here to join in the debate on the club forum.

Writer:Bluebirdshroom
Date:Thursday July 8 2010
Time: 4:33PM

Best of Vital Network

Vital Boxing - Tyson Fury Will Be Back!

Comments

0
Great news, well done Gethin for gettin it sorted when you said
Bonesy
08/07/2010 16:53:00
0
Now how about some playersss!!!!
Bonesy
08/07/2010 16:54:00
0
yeah totally agree no more false promises hopefully!!
smakerzthebluebird
08/07/2010 17:10:00
Page 1/1
  1. 1

Login to post a comment

Recent Cardiff City Articles

Vital Pre-Match - Championship, 1st October

The 2016-17 season continues with the latest round of matches this weekend, which will see us among those having a match in this upcoming schedule with three-points the aim of course.

EFL - The Stats Ten Games In (30/9/16)

The Football League, or as it wants to be known now, the EFL, have compiled the statistics with the vast majority of clubs now ten games into the new 2016/17 season.

Cardiff Duo Get Wales Call (30/9/16)

Jazz Richards and Emyr Huws have been called up by Wales manager Chris Coleman for the coming international break.

Cardiff 0-2 Derby - Highlights

Cardiff were beaten by Derby in the Championship on Tuesday.

Archived Vital Cardiff Articles

Vital Cardiff articles from

Site Journalists

Whittingham's Left Peg
no email
Profile

Current Poll (see more polls)

Burton v Cardiff
Suggested By:
Cardiff win0%
Burton win100%
Draw0%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Huddersfield 10 7 1 2 22 5
2 Norwich 10 6 2 2 20 5
3 Newcastle 10 6 1 3 19 11
4 Brighton 10 5 3 2 18 6
5 Brentford 10 5 2 3 17 9
6 Bristol City 10 5 2 3 17 6
7 Birmingham 10 4 5 1 17 4
8 Sheff Wed 10 5 2 3 17 0
9 Reading 10 5 2 3 17 -3
10 Barnsley 10 5 1 4 16 6
11 Wolves 10 4 3 3 15 2
12 Fulham 10 3 5 2 14 -2
13 Ipswich 10 3 4 3 13 0
14 Leeds Utd 10 4 1 5 13 -2
15 Forest 10 3 3 4 12 -2
16 Q.P.R. 10 3 3 4 12 -4
17 Aston Villa 10 1 7 2 10 0
18 Burton 10 2 4 4 10 -2
19 Preston 10 3 1 6 10 -4
20 Derby County 10 2 3 5 9 -4
21 Wigan 10 2 2 6 8 -2
22 Blackburn 10 2 2 6 8 -7
23 Cardiff 10 2 2 6 8 -9
24 Rotherham 10 1 3 6 6 -13
Latest F1 News
Latest Vital Boxing News

Recent Cardiff City Results (view all)

Cardiff City Fixtures (view all)

Oct 1 2016 3:00PM : Burton Albion (a)
Sky Bet Championship
Oct 14 2016 7:45PM : Bristol City (H)
Sky Bet Championship
Oct 19 2016 7:45PM : Sheffield Wednesday (H)
Sky Bet Championship
Oct 22 2016 5:30PM : Nottingham Forest (a)
Sky Bet Championship
Oct 29 2016 3:00PM : Wigan Athletic (H)
Sky Bet Championship
Nov 5 2016 3:00PM : Newcastle United (a)
Sky Bet Championship