UK time is: 05:09:35
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

It's got to be a good thing has it not this tax rule?
merlin
 

Have Your Say

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

Recent Queens Park Rangers Articles

Late Heartbreak For QPR (Sunday October 19 2014)

QPR v Liverpool - Match Preview (Saturday October 18 2014)

Duo Loaned Out (Friday October 10 2014)

Where Do We Go From Here? (Monday October 6 2014)

Rangers Humbled By Hammers (Sunday October 5 2014)

West Ham United v QPR - Preview (Sunday October 5 2014)

One to Watch - Enner Valencia (Friday October 3 2014)

Stats: Southampton v Queens Park Rangers (Saturday September 27 2014)

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

Vital Members League (view all)

1. QPR4Me 27
2. Superhoop50 14
3. DMD_QPR 13
4. rodneeranger 12
5. jezza99 11
6. silvertrowel 11
7. The Uncredibale Hulk 11
8. sandydl 8
9. danielqpr 6
10. ImSitiv 6

League Results (view all)

Latest Results
Q.P.R. 2 - 3 Liverpool
West Ham 2 - 0 Q.P.R.
Southampton 2 - 1 Q.P.R.
Q.P.R. 2 - 2 Stoke
Man Utd 4 - 0 Q.P.R.
Q.P.R. 1 - 0 Sunderland

League Table (view table)

Team P W D L GD Pts
14. Everton 8 2 3 3 0 9
15. Leicester City 8 2 3 3 -2 9
16. Crystal Palace 9 2 3 4 -3 9
17. Sunderland 9 1 5 3 -9 8
18. Newcastle 8 1 4 3 -6 7
19. Burnley 8 0 4 4 -9 4
20. Q.P.R. 8 1 1 6 -12 4

Breaking League News

Three Points And No Mistake!
Arsenal : 26/10/2014 00:35:00
Swansea : 25/10/2014 23:45:00
Monk: We'll Work On Our Decision Making
Swansea : 25/10/2014 22:43:00
Report - Swansea City 2-0 Leicester City
Swansea : 25/10/2014 22:15:00
Much More To Come
Man Utd : 25/10/2014 22:00:00

Current Site Poll (view all polls)

Where do QPR need to strengthen most?
Suggested By:  Boxer
Goalkeeper 7%
Defender 22%
Midfielder 7%
Forward 64%