the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 seems highly unlikely. hmrc also accept cvas all the time. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 Your Options & Guides Read our guides What your options are Director's duties Director's toolkit offer Raising finance Warning signs Based in Scotland? About Us Who we are What we do Where we are Help for corporate advisors Help for lawyers Testimonials Case Studies Contact Us Search our site Need help?call 0800 9700539 01289 309431 0131 242 0081 020 7877 0050 Out of hours: 07833 240747 Or Click Here For Live Help Full Name * Email Address * Phone Number (optional) Share on facebook Share on twitter Share on email Share on print More Sharing Services We have heard that HMRC will not support a CVA?" This is not true! Just because the HMRC rejected the CVA proposal put forward by Oddbins not that long ago does not mean that they have had any change in policy. They will approve a CVA if it is a properly structured, a well thought through plan and the company has been compliant with tax rules in the past. In their recent guidelines published at http://www.hmrc.gov.uk/helpsheets/vas-factsheet.pdf they set our their policy. The HMRC agency that decided on these proposals is called the Combined Voluntary Arrangement Service (VAS). Currently it votes in favour of c70% of all proposals. However, we have a >90% approval record. Once a CVA is proposed the enforcement agency of the HMRC is no longer involved and have no say over whether a proposal is accepted or rejected. In essence the job of the enforcement agency is to collect 100% of the tax owed. If this is simply not possible then responsibility passes to the VAS. The HMRC are keen to support VIABLE businesses as they see it as a way of reducing lost tax. However, it should be noted that if you do propose a CVA then you should try and pay as much tax as you can prior to the creditors meeting. It is common sense really as if you are asking for their support then you need to be seen to be doing the utmost in persuading them your business is viable and that you will pay any tax owed in the future. We will of course advise on this aspect as and when we draw up a CVA proposal. If you think you have a viable business then give us a call and we can chat through your options 01289 309431 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 looks to me like whyte wanted liquidation. he did afterall make a cva impossible. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted July 11, 2012 Share Posted July 11, 2012 looks to me like whyte wanted liquidation. he did afterall make a cva impossible. I highly doubt he did, what has he really gained for all the hassle? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 I highly doubt he did, what has he really gained for all the hassle? we don't know yet. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted July 11, 2012 Share Posted July 11, 2012 we don't know yet. Well I don't see what could be. I know Whyte didn't put any money in so was clearly just chancing his luck of HMRC doing a deal, but liquidation being his actual aim I just can't see. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 I've always said he wanted us liquidated and as such it was where we were headed. nothing I have seen suggests otherwise. as for why I don't know yet. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted July 11, 2012 Share Posted July 11, 2012 I highly doubt he did, what has he really gained for all the hassle? A couple of quid from Green !! 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted July 11, 2012 Share Posted July 11, 2012 i think what whyte wanted was for the team to get into the chamions league that would have created a distraction from what him and ellis were doing in stealing from the club . 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 11, 2012 Author Share Posted July 11, 2012 he didn't get his 2 quid from green. that was only paid if we got a cva. 0 Quote Link to post Share on other sites More sharing options...
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