Post by QPR Report on Nov 11, 2008 7:21:38 GMT
That brings back memories and poor editing from the BBC "'Here' the full story on File on 4..."
BBC - Football clubs face tax scrutiny
Football League clubs could face closer financial scrutiny to prevent them running up large tax bills.
League chairman Lord Mawhinney told BBC News that it was considering a plan for clubs to provide more financial information to the league.
He said that the plan would be put to club chairmen next year. An industry source told BBC News that Football League clubs owed £50m in tax.
The league comprises 72 clubs in the Championship and leagues one and two.
The industry source said between 50 and 60 lower division clubs were currently in tax arrears.
"We are now looking at whether we should put in place arrangements that require clubs to give more information about their finances," said Lord Mawhinney.
HM Revenue and Customs said football clubs were well aware of their responsibility to pay tax and National Insurance.
There will be more on this story on File On 4, BBC Radio 4, at 2000 GMT on Tuesday 11 November, repeated on Sunday 16 November at 1700 GMT.
And This story
BBC Football's financial own goals
How are football's finances regulated?
Professional football is in the red with Premier League clubs alone owing £3bn.
The governing bodies in England and Europe want action and the government has called for a review of financial regulation in the game.
Simon Cox investigates how professional football has got into such a mess and asks who the next casualties will be.
And he also investigates who is paying the real financial price for football's failing finances.
Here the full story on File On 4, BBC Radio 4, 2000 GMT Tuesday 11 November 2008, repeated Sunday 16 November, 1700 GMT. news.bbc.co.uk/2/hi/programmes/file_on_4/7719789.stm
BBC - Football clubs face tax scrutiny
Football League clubs could face closer financial scrutiny to prevent them running up large tax bills.
League chairman Lord Mawhinney told BBC News that it was considering a plan for clubs to provide more financial information to the league.
He said that the plan would be put to club chairmen next year. An industry source told BBC News that Football League clubs owed £50m in tax.
The league comprises 72 clubs in the Championship and leagues one and two.
The industry source said between 50 and 60 lower division clubs were currently in tax arrears.
"We are now looking at whether we should put in place arrangements that require clubs to give more information about their finances," said Lord Mawhinney.
HM Revenue and Customs said football clubs were well aware of their responsibility to pay tax and National Insurance.
There will be more on this story on File On 4, BBC Radio 4, at 2000 GMT on Tuesday 11 November, repeated on Sunday 16 November at 1700 GMT.
And This story
BBC Football's financial own goals
How are football's finances regulated?
Professional football is in the red with Premier League clubs alone owing £3bn.
The governing bodies in England and Europe want action and the government has called for a review of financial regulation in the game.
Simon Cox investigates how professional football has got into such a mess and asks who the next casualties will be.
And he also investigates who is paying the real financial price for football's failing finances.
Here the full story on File On 4, BBC Radio 4, 2000 GMT Tuesday 11 November 2008, repeated Sunday 16 November, 1700 GMT. news.bbc.co.uk/2/hi/programmes/file_on_4/7719789.stm