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Keep buying the season tickets boys: keep buying the season tickets!
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Sad news indeed. Was his first game in management a friendly against the mighty Pars at EEP where the Pars won 4-0?
- Today
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Games generally in a mess. Just hope we're in good enough shape to ensure we continue not too badly affected for the league starting. The signings so far have been superb and we're not hearing anything negative so fingers crossed all appears to be OK.
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Yep just saw that, pretty poor show. Puts a lot of unwanted pressure on Nisbet and their other signings
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Aye, Big Jack was the kind of guy you could happily have spent a few hours in a pub with. His autobiography is a good read. His more talented brother, Bobby, doesn't come out of it too well. Although he doesn't reveal the names of the two players he said were in his wee black book and that he wanted to "hurt", they were Bertie Auld and Johnny Morrissey. Auld needs no introduction but Morrissey was a small but "uncompromising"striker with Everton and played home and away v the Pars in the 61/62 ECWC. Jimmy Greaves once said of him that "he liked to get his retaliation in first", but he wouldn't have got much change out the Pars defence, who were equally adept at giving as good as they got. After the first leg at Goodison, a reporter wrote that "Dunfermline played as hard as the referee allowed - and that was very hard." 🙂 RIP. Big Jack.
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Who just sacked their long standing kit man. Not very ethical.
- Yesterday
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...................and Hibs
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We must be the one of the biggest spenders in the uk at the moment. Can't think of any paying transfer fees at the moment other than Chelsea, Leeds and Hull.
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Fae Kashmir to Kelty Fandabidozi!
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I see Kelty have signed Higgy, a great signing for them
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Good stuff. Thanks.
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Another smoking great gone. I can’t think of anyone else’s considered a legend in both England and Ireland. Some achievement.
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VAT is payable on UK transfer fees but not international ones , under usual circumstances. They are normally quoted as the VAT exclusive amount, as for these purposes VAT is merely a cash flow matter for the payer. Thus if a transfer fee was £250k, it will attract £50k of VAT, and be shown as such on the invoice. If the fee was quoted in the press it would be £250k. Team A (Hibs) would pay team B (Dunfermline) £300k (£250k plus £50k VAT). Team A would account for £50k of VAT input tax on its quarterly tax return, and offset that against its VAT outputs -- such as the VAT due on season ticket sales. The amount due to HMRC would therefore be reduced by £50k. Team B would receive £300k but only £250k would be credited to the accounts, whilst £50k would be credited to the VAT account. This would be paid over to the HMRC on a quarterly VAT return in compliance with the invoice (which would show VAT), less any VAT inputs in that quarter i.e. VAT on invoices paid -- such as say e.g. costs of maintenance for the stadium performed by a VAT registered trader. Corporation tax is not an issue for DAFC -- the brought forward tax losses will run into tens of millions. One of the very few benefits from the Masterton era. Hope that helps.
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Real man.
- Last week
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He was a true gent. Had the pleasure to meet him while out shooting. His passion for the countryside suppassed his love of football! RIP Jack
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Yes on some deals the sale is subject to vat especially if vat was paid on a player coming into a club. Seeing as we added value to Nesbit then I would say yes. So potentially 20% income tax and 20% vat to HMRC if full cash transaction had been deposited into the clubs coffers.
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Sad news he was a character. Didn't he spend the majority of the infamous 67 game hobbling? No substitutes and injured himself trying wipe a player out.
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That's sad news, he always seemed a fun guy. RIP.
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Sadly has passed away. Undoubtedly one of the great characters has left us. RIP
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It's technically earnings but Im no expert. Roy Barry Fan Clubs yir man
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Are transfer fees subject to VAT?
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Personally the amount received doesn't interest me too much. I'd expect our Board to spend it wisely whatever the amount. Main thing is having Nesbit on a 2 year deal benefitted us and we know this is the type of situation the club have planned as part of their strategy of bringing in young, hungry players to eventually sell them on. Crawford knows good players and he continually mentions a players attitude and character as being very important, I agree with that. Let's hope O'Hara keeps on developing the way he did last season after being given the chance by Peter Grant at Alloa.
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Because paying 20% tax on £600k income would cost the club £120k to HMRC. The less cash they can take in through their banking system the less they pay. Also very prudent from all clubs if this was the case.
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Honestly why can’t clubs now say what money they get for players etc? we get a sum of money for Nisbet then we pay a sum of money blah blah!
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Don't believe the £250k tag for Nisbett the figures being banded about in Edinburgh were far higher as previously mentioned with Hearts being in the prime position at the start of the week. I wonder if the compensation packages being spoken about were not actually paid for by Hibs to save on any tax burden on us receiving payment, hence why the legalities of the deals could only be finalised once Nisbett's move had been confirmed. These would obviously above and be beyond any direct fee received by the club which would show on incomings and outgoings before being put towards wages and offer 2 & 3 year deals.
