Prestwich_Blue said:Just a bit busy in work this morning (don't they realise I have better things to do?) but have quickly seen that they are reporting revenues are 5% down on last year at around £315m and operating expenses are up by the same percentage, which would put them around £280m. That's £35m operating profit compared to £59m in 2011 (before player transfer profit were taken into account). So they'll be relying on a tax credit to get them into profit I reckon.
Thought your corporation tax return deadline was dependant on your accounting period (to be filed with 12 months of the date your accounts run up to or something) rather than an arbitrary filing date? I know 31st July is the deadline for 2nd payments on accounts for Self Assessment taxpayers but wasn't aware it was also the CT return deadline?mike channon´s windmill said:Prestwich_Blue said:Just a bit busy in work this morning (don't they realise I have better things to do?) but have quickly seen that they are reporting revenues are 5% down on last year at around £315m and operating expenses are up by the same percentage, which would put them around £280m. That's £35m operating profit compared to £59m in 2011 (before player transfer profit were taken into account). So they'll be relying on a tax credit to get them into profit I reckon.
Were they still registered in UK for 2011 returns?
They´ll need to get it in by today - closes 31/7 ;)
I suppose they´ve never heard of such a system in the Caymans though
JM Mcr said:Thought your corporation tax return deadline was dependant on your accounting period (to be filed with 12 months of the date your accounts run up to or something) rather than an arbitrary filing date? I know 31st July is the deadline for 2nd payments on accounts for Self Assessment taxpayers but wasn't aware it was also the CT return deadline?mike channon´s windmill said:Prestwich_Blue said:Just a bit busy in work this morning (don't they realise I have better things to do?) but have quickly seen that they are reporting revenues are 5% down on last year at around £315m and operating expenses are up by the same percentage, which would put them around £280m. That's £35m operating profit compared to £59m in 2011 (before player transfer profit were taken into account). So they'll be relying on a tax credit to get them into profit I reckon.
Were they still registered in UK for 2011 returns?
They´ll need to get it in by today - closes 31/7 ;)
I suppose they´ve never heard of such a system in the Caymans though
They've filed 2011 accounts some time ago. The football club (which is the main trading company) is registered in the UK so we'll get to see their results as soon as they're filed. What we won't know is what the Glazers are getting up to in the Cayman Islands company.mike channon´s windmill said:Prestwich_Blue said:Just a bit busy in work this morning (don't they realise I have better things to do?) but have quickly seen that they are reporting revenues are 5% down on last year at around £315m and operating expenses are up by the same percentage, which would put them around £280m. That's £35m operating profit compared to £59m in 2011 (before player transfer profit were taken into account). So they'll be relying on a tax credit to get them into profit I reckon.
Were they still registered in UK for 2011 returns?
They´ll need to get it in by today - closes 31/7 ;)
I suppose they´ve never heard of such a system in the Caymans though
Sorry PB, you know company tax isn't my sphere. Why do they get the tax credit?Prestwich_Blue said:Just a bit busy in work this morning (don't they realise I have better things to do?) but have quickly seen that they are reporting revenues are 5% down on last year at around £315m and operating expenses are up by the same percentage, which would put them around £280m. That's £35m operating profit compared to £59m in 2011 (before player transfer profit were taken into account). So they'll be relying on a tax credit to get them into profit I reckon.
SWP's back said:Maybe you should have held your Tongue rather than taking the piss out of those "pseudo finance" doom mongers? Perhaps.sniff said:waspish said:Better off as in paying 75m of the loan back saving 4.2m a year on interest payments! It cost em over 12m to set this all up....
A drop in the ocean if you ask me..
Yeah, but like i said the goal posts have moved since then. When i made that post the original GM deal was being touted and the IPO had not released the revised details.
As it stood this morning, they had a £150m ipo clearing the debt, a reported £50 million shirt deal, plus the new kit deal negotiation to come. Those where great numbers...
Tell me how I have been a keyboard warrior here or anywhere else. Everything I say on here I would say to anyone's face so it's nothing to do with being a keyboard anything.sniff said:Well, just maybe, you should hold your's. This keyboard worrior gobshite act is quite tiresome. You must notice how everytime you log on you have to try and take a pop at someone.
As for the Pseudo finance comment, well tell me where it is wrong ?
None of you know the figures, i reand rammy blue and he has a good grasp of the subject to be fair, but it's all subjective.... that's how you define it. It isnt taking the piss, its being acurate with the language...