Big Tax Case

[kuznetsov 0]

What is happening with it? Sky just had a list of main creditors and only had HMRC at £14million odd. No mention of the big tax case. Will the possible fine from that case be over and above any agreed CVA? I was under the impression if we agreed a CVA, the big tax case would be included and that noose around our neck taken away.

 

Surely we cannot go through another take over with this hanging over us again?

[EDGE 0]

Exactly my concerns. What is to stop the CVA being agreed then the EBT case going against us in a bad way then another administration process to begin.

 

TBH - I think the chances of a CVA being agreed are slim at best.

[UCF2008 0]

Exactly my concerns. What is to stop the CVA being agreed then the EBT case going against us in a bad way then another administration process to begin.

 

The CVA proposal includes any monies owed for the EBT case. It's in their alongside a number of other TBC amounts.

 

In other words the creditors have no idea how much they're going to get. They only know (if they trust D&P's take on it that is) that they'll get more return from agreeing to the CVA and 'NIL' if we're liquidated.

[GovanAllan 0]

I've got a feeling HMRC know the outcome of the tribunal, and their not getting anywhere near the full amount their after so are cutting their loses and taking what they can get in the CVA.

[caseyjones 0]

No creditor will get a penny until the culmination of both the FTT and the claim against RFCG/Collyer Bristow.

[Guest Guardian]

Which won't matter a jot as long as the CVA is accepted.