Re: Winding up petition : Thu Jul 28, 2016 12:49 pm  

What is a VAT assessment? Is anyone on here familiar with this term? the bulls statement says nothing to worry as the club have applied this?

Re: Winding up petition : Thu Jul 28, 2016 12:51 pm  

Ferocious Aardvark wrote:

If the players hadn't been played, it would have been a closer game. Fev would have scored, so that's 4, or 6 if they kicked the conversion, but that's as bad as it could have got, because we would have nobody on the field to kick off.

Unless Fev managed to lose the toss. At which point nobody would be there to say which whether we wanted to kick or receive. Ben Thaler may still be stood at PO Road now awaiting an answer.

Re: Winding up petition : Thu Jul 28, 2016 12:52 pm  

David Tasker wrote:

Maybe Greens escape to Ibiza was true to what the rumours on Twitter and Facebook were saying Sunday that he has no money and the kitty at Odsal is dry? I just want the club to tell the truth. getting sick of all this nonsense now.

Repeating a rumour from Twitter can still be libellous.

Re: Winding up petition : Thu Jul 28, 2016 12:57 pm  

From the Bulls Site:

BRADFORD Bulls Northern LTD submit the following statement in regards to the WUP advertised today.

The club were subject to a VAT Assessment which was appealed three months ago. This appeal is on-going and we believe HMRC have acted unfairly in respect of the assessment and the issuing of the petition.

The club is confident it will succeed on appeal against the assessment and do not envisage this as a long term problem.

Once again, we are sorry if, in light of the scaremongering earlier this week, this has caused any further concern.

Re: Winding up petition : Thu Jul 28, 2016 1:01 pm  

Blotto wrote:

From the Bulls Site:

BRADFORD Bulls Northern LTD submit the following statement in regards to the WUP advertised today.

The club were subject to a VAT Assessment which was appealed three months ago. This appeal is on-going and we believe HMRC have acted unfairly in respect of the assessment and the issuing of the petition.

The club is confident it will succeed on appeal against the assessment and do not envisage this as a long term problem.

Once again, we are sorry if, in light of the scaremongering earlier this week, this has caused any further concern.

What is a vat assessment?

Re: Winding up petition : Thu Jul 28, 2016 1:03 pm  

Here we go again...

Re: Winding up petition : Thu Jul 28, 2016 1:13 pm  

https://www.gov.uk/vat-returns/assessments

https://www.gov.uk/vat-returns/assessments

[Bullseye]

Re: Winding up petition : Thu Jul 28, 2016 1:13 pm  

Re: Winding up petition : Thu Jul 28, 2016 1:14 pm  

David Tasker wrote:

What is a vat assessment?

VAT Assessments are generally raised for one of two reasons:

1. A trader hasn't filed their return so HMRC estimate the amount of VAT due, normally based on previous returns. (Note: It won't be this. These assessments aren't appealable and the only way to get rid of it is to file your return).

2. HMRC disagree with a trader's return. This can be all sorts of reasons from undeclared invoices to a disagreement over which rate band something falls into (ala HMRC and Greggs arguing over whether Greggs should pay VAT for serving "hot" food, or the argument with McVities about whether a Jaffa Cake is a cake or a biscuit, one of which is VAT zero rated but I can't remember which is which).

There can be other reasons but it's generally one of those. I'm not speculating on why the club have had an assessment though.

[Bullseye]

Re: Winding up petition : Thu Jul 28, 2016 1:19 pm  

Wasn't it a disagreement about VAT that brought the Hood regime down?