Queens Park Rangers News 24/7Writer: Boxer 
Date:Friday June 12 2009
Time: 6:09PM
UK time is: 16:38:52
Choose your club
Other Sites
Network Navigation
Vital Partners
'If It's Football, It's Vital'
New Financial Regulations
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
Vital F1 Prediction League - Join now for Spain
For the very latest Championship odds
Click here to join in the debate on the club forum.
Your Comments
It's got to be a good thing has it not this tax rule?
merlin
Have Your Say
Recent Articles
One to Watch - Daniel Sturridge (Friday May 17 2013)
Stats: QPR v Newcastle (Sunday May 12 2013)
Rangers Flat as Toon Crow (Sunday May 12 2013)
QPR v Newcastle - Match Preview (Saturday May 11 2013)
One to Watch - Fabricio Coloccini (Friday May 10 2013)
383 Premier League players sign up to Support Stan (Friday May 10 2013)
Palace Coming Back For AJ? (Thursday May 9 2013)
Nelsen Takes Ben-Haim (Thursday May 9 2013)
Where Next For QPR (Wednesday May 8 2013)
QPR Fine Mbia (Wednesday May 8 2013)
Archived Articles
Vital Members League (view all)
| 1. | QPR4Me | 65 |
| 2. | Clonmany_Hoop | 48 |
| 3. | Ashdown_Ranger | 43 |
| 4. | number8buser | 41 |
| 5. | Superhoop50 | 38 |
| 6. | jezza99 | 33 |
| 7. | sandydl | 26 |
| 8. | paulrangers | 22 |
| 9. | daxvondrac | 19 |
| 10. | ImSitiv | 19 |
League Results (view all)
| Latest Results | ||||
| Q.P.R. | 1 | - | 2 | Newcastle |
| Q.P.R. | 0 | - | 1 | Arsenal |
| Reading | 0 | - | 0 | Q.P.R. |
| Q.P.R. | 0 | - | 2 | Stoke |
| Everton | 2 | - | 0 | Q.P.R. |
| Q.P.R. | 1 | - | 1 | Wigan |
League Table (view table)
| Team | P | W | D | L | GD | Pts |
| 14. Southampton | 37 | 9 | 13 | 15 | -11 | 40 |
| 15. Fulham | 37 | 10 | 10 | 17 | -13 | 40 |
| 16. Aston Villa | 37 | 10 | 10 | 17 | -22 | 40 |
| 17. Sunderland | 37 | 9 | 12 | 16 | -12 | 39 |
| 18. Wigan | 37 | 9 | 8 | 20 | -26 | 35 |
| 19. Reading | 37 | 6 | 10 | 21 | -28 | 28 |
| 20. Q.P.R. | 37 | 4 | 13 | 20 | -29 | 25 |
Breaking League News
| Issues Resolved - Time To March On
» Southampton : 18/05/2013 15:22:00
|
| Shaun Maloney - Vital Latics POTS - The Video
» Wigan : 18/05/2013 14:46:00
|
| We Deserve To Finish Higher
» Aston Villa : 18/05/2013 14:31:00
|
| West Brom v United Preview
» Man Utd : 18/05/2013 13:37:00
|
| Chelsea v Everton Preview
» Chelsea : 18/05/2013 13:10:00
|
| Striker wants a big tally next season
» Reading : 18/05/2013 13:00:00
|
| Lawro Predicts - Latics v Villa
» Wigan : 18/05/2013 12:43:00
|
Current Site Poll (view all polls)
|
|
4 © - All content copyright Vital Network Ltd, not to be reproduced without explicit permission Copyright Issues
Cookie Policy
At Vital Football, we along with most other modern websites use small files called 'cookies' to create the most secure, effective and functional website possible for our users. Without these files our business model, based on advertising, breaks down and we would be unable to continue to provide the services that you are here to utilise. By continuing to use this website after seeing this message, you consent to our use of cookies on this device unless you have disabled them. For full details please read our Cookie Policy which can be found here. However, if you would like to disable cookies on this device, please view our Cookie Policy which contains an opt-out tool for disabling advertising cookies. Please also visit our information pages on 'How to manage cookies' if you would also like to block all other types of cookies. Please be aware that parts of this site will not function correctly if you disable cookies.