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 Post subject: Income Tax ????
PostPosted: Wed Feb 07, 2018 12:01 pm 
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Joined: Wed Oct 12, 2016 7:42 pm
Posts: 887
All businesses have a wages clerk whose job it is to pay wages after deductions such as Tax and NI have been accounted for. The deductions are then banked in a separate account until the tax man requires it and is then duly paid. A similar procedure should be followed with VAT. The basics of accounting yet with a company run by a supposed qualified accountant these simple rules have not been followed. Also bad practices involving payments to small local companies have resulted in "shirt Gate" and the desire to no longer do business with the club and a stain on it's reputation locally. So what does our chairman do hold business forums at the club's expense without any value to the club. Thoughts please!!


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 Post subject: Re: Income Tax ????
PostPosted: Wed Feb 07, 2018 12:03 pm 
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Joined: Mon Nov 10, 2008 11:27 pm
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Location: Another planet
I hope you're not expecting to get paid four times for this post.


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 Post subject: Re: Income Tax ????
PostPosted: Wed Feb 07, 2018 12:05 pm 
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Joined: Fri Aug 18, 2006 12:46 am
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Location: The people's democratic illegal republic of Catalonia
I saw what you did there with "stain on its reputation".

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 Post subject: Re: Income Tax ????
PostPosted: Wed Feb 07, 2018 1:01 pm 
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Joined: Fri Jul 15, 2011 3:56 pm
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Essex poolie wrote:
All businesses have a wages clerk whose job it is to pay wages after deductions such as Tax and NI have been accounted for. The deductions are then banked in a separate account until the tax man requires it and is then duly paid. A similar procedure should be followed with VAT. The basics of accounting yet with a company run by a supposed qualified accountant these simple rules have not been followed. Also bad practices involving payments to small local companies have resulted in "shirt Gate" and the desire to no longer do business with the club and a stain on it's reputation locally. So what does our chairman do hold business forums at the club's expense without any value to the club. Thoughts please!!


That’s what anybody with any sense would do but the dedications have been used for some thing else or after they paid the wages there was nothing left aside for NI and Income Tax.


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 Post subject: Re: Income Tax ????
PostPosted: Wed Feb 07, 2018 4:54 pm 
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Joined: Wed Oct 12, 2016 7:42 pm
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I agree with Jamie 1952, but surely if money for tax and NI was deducted from wages and not paid to the tax man this is missappropriation of taxes and there for a criminal offence.Remember this is how the American IRS got AL Capone.


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