HMRC Winding up petition/order

[Brogue]

Just

https://www.readingchronicle.co.uk/news ... -on-radar/

Oof opened the page saw the photo and thought we had announced roy hodgson as our new manager.

[From Despair To Where?]

I miss the ELF embargo page already.

Wait until you see the EMF embargo page, it's unbelievable

Boo! You’re shit

I did my best given the paucity if their back catalogue.

I was actually at their Carter support slot at ULU where they got bottled off after 2 songs with chants of "You're shit". Silverfish and Th' Faith Healers also supported IIRC. T'was a good night all round.

[From Despair To Where?]

Just

https://www.readingchronicle.co.uk/news ... -on-radar/

What's Redwood going to do? Stand there uncomfortably like a deer in the headlights pretending to mumble along?

[Brogue]

So we are in the clear now? all penalties against us now gone?

[From Despair To Where?]

I'd wait for an official announcent from the EFL before assuming anything.

[Snowflake Royal]

So we are in the clear now? all penalties against us now gone?

Still under an FL charge of failing to pay players on time.

Probably still under one for failing to report late payment to HMRC.

Still have a court date for a winding up petition, though that could be pulled if we've paid up in full and no one else is backing it.

But out from embargo and tax apparently paid.

[Stranded]

So we are in the clear now? all penalties against us now gone?

We are currently not under embargo - whether the EFL will keep us under a so called soft embargo remains to be seen.

However, we are still under investigation for not paying wages on time, which will likely see a charge at some point in the future - that could be in a matter of days or could be much, much longer.

Then we have to understand if we have breached the 30 day rule - i.e. late qualifying payments have totalled up to 30 days in the past 12 months. If they have, then that will be a charge which could lead to a 3 window ban on paying transfer fees.

The big question here is if the HMRC debt counts or not. Late payment of tax is now a qualifying payment but only for the 23/24 season onwards, so as the debt will have technically have been from 22/23 season, it may not count - so the options as I see them are:

1. Rule change is retrospective - HMRC debt counts in full - this alone was outstanding for 30 days (petition can only be served once final demand has been ignored for 21 days), we breach - new embargo.
2. HRMC debt only counts from 1st July - so would be no more than 12 days, if wage delay more than 17 days - embargo. If less, no embargo.
3. HRMC debt does not count - embargo only if total of late payment of wages in last 12 months is over 30 days (seems unlikely).

May be other options that I'm missing.

So in short, we are embargo free but we don't really know what that means or how long that will be the case - so some kind of comms from someone would clear that up.

[Snowflake Royal]

So we are in the clear now? all penalties against us now gone?

We are currently not under embargo - whether the EFL will keep us under a so called soft embargo remains to be seen.

However, we are still under investigation for not paying wages on time, which will likely see a charge at some point in the future - that could be in a matter of days or could be much, much longer.

Then we have to understand if we have breached the 30 day rule - i.e. late qualifying payments have totalled up to 30 days in the past 12 months. If they have, then that will be a charge which could lead to a 3 window ban on paying transfer fees.

The big question here is if the HMRC debt counts or not. Late payment of tax is now a qualifying payment but only for the 23/24 season onwards, so as the debt will have technically have been from 22/23 season, it may not count - so the options as I see them are:

1. Rule change is retrospective - HMRC debt counts in full - this alone was outstanding for 30 days (petition can only be served once final demand has been ignored for 21 days), we breach - new embargo.
2. HRMC debt only counts from 1st July - so would be no more than 12 days, if wage delay more than 17 days - embargo. If less, no embargo.
3. HRMC debt does not count - embargo only if total of late payment of wages in last 12 months is over 30 days (seems unlikely).

May be other options that I'm missing.

So in short, we are embargo free but we don't really know what that means or how long that will be the case - so some kind of comms from someone would clear that up.

Even if we don’t include the full HMRC debt period in that, we've got almost 6 months of needing to pay on time or risk totting up enough days more to get hammered.

Rather worrying.


We must be pushing towards 10 days late on staff alone at this point, if not more.

[Stranded]

So we are in the clear now? all penalties against us now gone?

We are currently not under embargo - whether the EFL will keep us under a so called soft embargo remains to be seen.

However, we are still under investigation for not paying wages on time, which will likely see a charge at some point in the future - that could be in a matter of days or could be much, much longer.

Then we have to understand if we have breached the 30 day rule - i.e. late qualifying payments have totalled up to 30 days in the past 12 months. If they have, then that will be a charge which could lead to a 3 window ban on paying transfer fees.

The big question here is if the HMRC debt counts or not. Late payment of tax is now a qualifying payment but only for the 23/24 season onwards, so as the debt will have technically have been from 22/23 season, it may not count - so the options as I see them are:

1. Rule change is retrospective - HMRC debt counts in full - this alone was outstanding for 30 days (petition can only be served once final demand has been ignored for 21 days), we breach - new embargo.
2. HRMC debt only counts from 1st July - so would be no more than 12 days, if wage delay more than 17 days - embargo. If less, no embargo.
3. HRMC debt does not count - embargo only if total of late payment of wages in last 12 months is over 30 days (seems unlikely).

May be other options that I'm missing.

So in short, we are embargo free but we don't really know what that means or how long that will be the case - so some kind of comms from someone would clear that up.

Even if we don’t include the full HMRC debt period in that, we've got almost 6 months of needing to pay on time or risk totting up enough days more to get hammered.

Rather worrying.


We must be pushing towards 10 days late on staff alone at this point, if not more.

Yep but If we don't pay on time going forward, we'll have bigger worries than 30 days totting up - we are most likely to get a suspended points deduction for the current late payments, so we'll be hit with that way before we get to 30 days.

[Sutekh]

So we are in the clear now? all penalties against us now gone?

Adie said bill paid and embargo now lifted, no doubt the L1 equivalent of Messi will be unveiled by the end of the day.

[YorkshireRoyal99]

Yes hopefully someone from the club and/or the EFL would make a comment of what is going on now as well just to clear things up. Ideally not a journalist wanting to be in the know about things before we hear directly from the club.

If we are embargo free, that to me feels like a fairly significant win considering the last couple of weeks have been pretty dire.

[Sutekh]

Yes hopefully someone from the club and/or the EFL would make a comment of what is going on now as well just to clear things up. Ideally not a journalist wanting to be in the know about things before we hear directly from the club.

If we are embargo free, that to me feels like a fairly significant win considering the last couple of weeks have been pretty dire.

Yes, Reading are currently the only club in the division not to have made a signing yet, Pompey lead the way having made 10 with Derby, Wigan, Stevenage, Port Vale and Burton all making more than 5.

Perhaps Walcott and Knibbs can be confrimed now.

[Hound]

Yes hopefully someone from the club and/or the EFL would make a comment of what is going on now as well just to clear things up. Ideally not a journalist wanting to be in the know about things before we hear directly from the club.

If we are embargo free, that to me feels like a fairly significant win considering the last couple of weeks have been pretty dire.

Yes, Reading are currently the only club in the division not to have made a signing yet, Pompey lead the way having made 10 with Derby, Wigan, Stevenage, Port Vale and Burton all making more than 5.

Perhaps Walcott and Knibbs can be confrimed now.

Seems an easy trap to think lots of signings=success though

As I’ve said many times, I’d be happy with 6 or so overall. Don’t want to completely reboot the team

[Sutekh]

Yes hopefully someone from the club and/or the EFL would make a comment of what is going on now as well just to clear things up. Ideally not a journalist wanting to be in the know about things before we hear directly from the club.

If we are embargo free, that to me feels like a fairly significant win considering the last couple of weeks have been pretty dire.

Yes, Reading are currently the only club in the division not to have made a signing yet, Pompey lead the way having made 10 with Derby, Wigan, Stevenage, Port Vale and Burton all making more than 5.

Perhaps Walcott and Knibbs can be confrimed now.

Seems an easy trap to think lots of signings=success though

As I’ve said many times, I’d be happy with 6 or so overall. Don’t want to completely reboot the team

Think I want to see the defence completely rebooted in some way or other!

[Stranded]

Yes hopefully someone from the club and/or the EFL would make a comment of what is going on now as well just to clear things up. Ideally not a journalist wanting to be in the know about things before we hear directly from the club.

If we are embargo free, that to me feels like a fairly significant win considering the last couple of weeks have been pretty dire.

Yes, Reading are currently the only club in the division not to have made a signing yet, Pompey lead the way having made 10 with Derby, Wigan, Stevenage, Port Vale and Burton all making more than 5.

Perhaps Walcott and Knibbs can be confrimed now.

Seems an easy trap to think lots of signings=success though

As I’ve said many times, I’d be happy with 6 or so overall. Don’t want to completely reboot the team

I'm in the 6-9 camp - minimum I would want us to bring in a GK, LB, 3 midfielders, 2 or 3 forwards. Could even make an argument for another CB esp if McIntyre is seen a CDM now. I could live without a GK if it meant we strengthen elsewhere as our options are OK for this level.

Need to get the balance right between fresh faces who are better than what we have and there being enough room for Academy players to come through - also need to have experienced options on the bench, don't reall want to go in to too many games with a bench of 18-21 year olds to choose from.

[Snowflake Royal]

We are currently not under embargo - whether the EFL will keep us under a so called soft embargo remains to be seen.

However, we are still under investigation for not paying wages on time, which will likely see a charge at some point in the future - that could be in a matter of days or could be much, much longer.

Then we have to understand if we have breached the 30 day rule - i.e. late qualifying payments have totalled up to 30 days in the past 12 months. If they have, then that will be a charge which could lead to a 3 window ban on paying transfer fees.

The big question here is if the HMRC debt counts or not. Late payment of tax is now a qualifying payment but only for the 23/24 season onwards, so as the debt will have technically have been from 22/23 season, it may not count - so the options as I see them are:

1. Rule change is retrospective - HMRC debt counts in full - this alone was outstanding for 30 days (petition can only be served once final demand has been ignored for 21 days), we breach - new embargo.
2. HRMC debt only counts from 1st July - so would be no more than 12 days, if wage delay more than 17 days - embargo. If less, no embargo.
3. HRMC debt does not count - embargo only if total of late payment of wages in last 12 months is over 30 days (seems unlikely).

May be other options that I'm missing.

So in short, we are embargo free but we don't really know what that means or how long that will be the case - so some kind of comms from someone would clear that up.

Even if we don’t include the full HMRC debt period in that, we've got almost 6 months of needing to pay on time or risk totting up enough days more to get hammered.

Rather worrying.


We must be pushing towards 10 days late on staff alone at this point, if not more.

Yep but If we don't pay on time going forward, we'll have bigger worries than 30 days totting up - we are most likely to get a suspended points deduction for the current late payments, so we'll be hit with that way before we get to 30 days.

Fun times!

[Hound]

Be happy with 3 mids, couple of wingers/attacking forwards, 1 striker

The centre of mid looks very weak atm and that’s where I hope we focus

Obvs depends on whether Hoilett and Mbengue sign and everyone else hangs around

Would give Jokull a go as GK. I’m sure we can cover LB between NGW, Carson, Clarke and the Maragh

[blythspartan]

Hopefully, there should be some good news about signings today/tomorrow.

I think 6 or 7 new players is enough, especially as Selles needs to mould them into a team. Maybe save one or two options for just before the window closes. I agree with Hound, lots of signings doesn’t guarantee success.

[Stranded]

Be happy with 3 mids, couple of wingers/attacking forwards, 1 striker

The centre of mid looks very weak atm and that’s where I hope we focus

Obvs depends on whether Hoilett and Mbengue sign and everyone else hangs around

Would give Jokull a go as GK. I’m sure we can cover LB between NGW, Carson, Clarke and the Maragh

Maragh only available for the u21s this yeah isn't he?

Guess I'm just not convinced by NGW as a LB and think we ideally need an experienced head there - see his future being a bit further up the park - the reverse Murty maybe

Probably getting ahead of ourselves here, lets see what the next couple of days bring first.

[Snowflake Royal]

Yes, Reading are currently the only club in the division not to have made a signing yet, Pompey lead the way having made 10 with Derby, Wigan, Stevenage, Port Vale and Burton all making more than 5.

Perhaps Walcott and Knibbs can be confrimed now.

Seems an easy trap to think lots of signings=success though

As I’ve said many times, I’d be happy with 6 or so overall. Don’t want to completely reboot the team

I'm in the 6-9 camp - minimum I would want us to bring in a GK, LB, 3 midfielders, 2 or 3 forwards. Could even make an argument for another CB esp if McIntyre is seen a CDM now. I could live without a GK if it meant we strengthen elsewhere as our options are OK for this level.

Need to get the balance right between fresh faces who are better than what we have and there being enough room for Academy players to come through - also need to have experienced options on the bench, don't reall want to go in to too many games with a bench of 18-21 year olds to choose from.

I'm in the camp of

1x CB, 2x CM, 1x AM, 1x W, 1x ST, 1x GK