UK time is: 06:54:29
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

New Financial Regulations

Vital QPR - Breaking News
JavaScript must be enabled for the RSS Scrollbox Widget to work.


At thier Annual General Meeting, Football League clubs have voted to introduce new financial regulations relating to tax payments.

Once necessary practical arrangements have been made, any club that falls behind with its employee related payments to HMRC will be subject to a transfer embargo until such time as the debt is cleared.

Football League Chairman Lord Mawhinney explained: "It is only right that we do not permit clubs that are unable to meet the costs associated with their existing playing staff to make further new player commitments."

Clubs have also agreed to give The League written permission to monitor, as appropriate, their tax affairs directly with HMRC, who have welcomed this new arrangement.

Lord Mawhinney said: "This new regime will provide us with an early warning system where clubs are facing financial problems. It should also help prevent HMRC debt reaching levels that otherwise could hinder the potential rescue of the club through a CVA.

"More importantly, football generally needs to develop a culture of paying its debts rather than putting them off for another day. This will help our clubs to become more financially sustainable in the longer term."


Clubs also approved a proposal from Derby County to increase the number of substitutes for Coca-Cola Football League matches to seven (from the current five), of which three may enter the field of play.



Have your say on The Forum

Follow us on Twitter

Become our friend on Facebook - Add Vital Queens Park Rangers




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



For the very latest Championship odds

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

The journalist

Writer: Boxer Mail feedback, articles or suggestions

Date:Friday June 12 2009

Time: 6:09PM

Your Comments (oldest first)

Change to most recent first
It's got to be a good thing has it not this tax rule?
merlin
Report Abuse
12/06/2009 18:29:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Queens Park Rangers Articles

Everton Fixture Changed (Friday February 27 2015)

QPR - The Walking Wounded Injury List (Friday February 27 2015)

Hull Edge Out Ten Man QPR (Monday February 23 2015)

Stats: Hull City v Queens Park Rangers (Saturday February 21 2015)

Hull City v QPR - Match Preview (Friday February 20 2015)

The Men in Black - Hull City v QPR (Friday February 20 2015)

Who R Ya - Hull City (Friday February 20 2015)

Ramsey Appointment Confirmed (Friday February 13 2015)

Phil Beard Announces Departure (Friday February 13 2015)

Archived Queens Park Rangers Articles

List All Vital QPR Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

League Results (view all)

Latest Results
Hull City 2 - 1 Q.P.R.
Sunderland 0 - 2 Q.P.R.
Q.P.R. 0 - 1 Southampton
Stoke 3 - 1 Q.P.R.
Q.P.R. 0 - 2 Man Utd
Burnley 2 - 1 Q.P.R.

League Table (view table)

Team P W D L GD Pts
14. Everton 26 6 10 10 -4 28
15. Hull City 27 6 8 13 -11 26
16. Sunderland 27 4 13 10 -16 25
17. Q.P.R. 26 6 4 16 -18 22
18. Burnley 27 4 10 13 -20 22
19. Aston Villa 27 5 7 15 -24 22
20. Leicester City 26 4 6 16 -18 18

Breaking League News

Arsenal V Everton Match Preview
» Everton : 01/03/2015 03:24:00
Monk: 'They Weren't Penalties At All'
» Swansea : 28/02/2015 20:56:00
Dyche: There Wasn't Anything Between The 2 Sides
» Swansea : 28/02/2015 20:49:00
40 Points, Up to 8th In The League!
» Swansea : 28/02/2015 18:48:00
Liverpool: Lawro Predicts 2014-15 - Man City (H)
» Liverpool : 28/02/2015 18:43:00

Current Site Poll (view all polls)

MotM v Hull City
Suggested By:  Admin
Green 24%
Furlong 40%
Ferdinand 0%
Caulker 0%
Yun 0%
Phillips 6%
Barton 6%
Henry 6%
Kranjcar 6%
Zamora 0%
Austin 6%
Doughty 6%
Zarate 0%
Traoré 0%