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Originally Posted by Revived Red
Surely any businessman would know that you don't make assumptions with HMRC. You deal in factual knowledge.
Let's not forget that the powers-that-be "assumed" that the Fraser Eagle shirt sponsorship lasted for five years when it was in fact only three. And that was before Fraser Eagle found itself in financial difficulties.
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You would think so, yes... but from looking at announcements at the Fishy site;
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The club have put forward proposals to clear the debt over the next twelve months, and HMRC are satisfied that the club are serious about clearing the debt and will continue to work with the club to that end.
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Just over twelve weeks ago HMRC agreed not to oppose an initial request for an adjournment after the football club submitted details proposals to repay the petition debt of £300,000 over a twelve month period. However in recent weeks it became clear that HMRC were going to seek a much shorter period of repayment ahead of the second hearing scheduled for today, and although negotiations continued until late last night it was not possible to avoid having to travel down to the court this morning.
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and
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With our original twelve month plan we had sought to repay the money owed from the club’s annual turnover, by significantly reducing costs in some areas and increasing revenue streams in others. Because of this it would not have been necessary to go out and fundraise specifically for this cause.
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It's not an unreasonable assumption that any initial plans were based on a 12th month repayment plan.
But, yes, when it comes to owing money to HMRC as any fule kno; you make sure you get the facts from them before doing anything.