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Post by dirtygary69 on Apr 24, 2024 15:29:42 GMT
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Post by cvillestokie on Apr 24, 2024 18:26:19 GMT
“John Barnes had a legal duty to ensure his company paid the correct amount of corporation tax and VAT. Instead, it paid no tax whatsoever between November 2018 and October 2020, despite receiving earnings of well over £400,000.” The money is probably sitting in an account oversees somewhere. Sod him, take his house, his car and anything else he has worth selling and treat him like the Govt are treating care workers.
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Post by dirtygary69 on Apr 24, 2024 20:10:49 GMT
“John Barnes had a legal duty to ensure his company paid the correct amount of corporation tax and VAT. Instead, it paid no tax whatsoever between November 2018 and October 2020, despite receiving earnings of well over £400,000.” The money is probably sitting in an account oversees somewhere. Sod him, take his house, his car and anything else he has worth selling and treat him like the Govt are treating care workers. Proper dickhead behaviour from a bloke who can afford to pay it back but thinks he’s above it. When someone goes bankrupt does it actually mean they have no money/assets or can it easily be fiddled to get rid of the debt and carry on with your life with some money stuffed away somewhere in another account?
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Post by telfordstoke on Apr 24, 2024 20:20:36 GMT
One liner of the day courtesy of Twitter:
"There’s only one way to beat them, get round the VAT"😄
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Post by Seymour Beaver on Apr 24, 2024 20:21:08 GMT
“John Barnes had a legal duty to ensure his company paid the correct amount of corporation tax and VAT. Instead, it paid no tax whatsoever between November 2018 and October 2020, despite receiving earnings of well over £400,000.” The money is probably sitting in an account oversees somewhere. Sod him, take his house, his car and anything else he has worth selling and treat him like the Govt are treating care workers. Proper dickhead behaviour from a bloke who can afford to pay it back but thinks he’s above it. When someone goes bankrupt does it actually mean they have no money/assets or can it easily be fiddled to get rid of the debt and carry on with your life with some money stuffed away somewhere in another account? Depends how good at stuffing it away you are. Boris Becker tried it and ended up in jail.
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Post by cvillestokie on Apr 25, 2024 9:52:29 GMT
“John Barnes had a legal duty to ensure his company paid the correct amount of corporation tax and VAT. Instead, it paid no tax whatsoever between November 2018 and October 2020, despite receiving earnings of well over £400,000.” The money is probably sitting in an account oversees somewhere. Sod him, take his house, his car and anything else he has worth selling and treat him like the Govt are treating care workers. Proper dickhead behaviour from a bloke who can afford to pay it back but thinks he’s above it. When someone goes bankrupt does it actually mean they have no money/assets or can it easily be fiddled to get rid of the debt and carry on with your life with some money stuffed away somewhere in another account? I’m not sure. However, I think it’s an awful excuse. It should be a “stay of execution”, so to speak. I.e., they can’t afford it this week, so let’s hound them every day for the rest of their lives until it is paid back. Bankruptcy is temporary. It shouldn’t be a get out of jail free card.
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Post by Seymour Beaver on Apr 25, 2024 18:31:33 GMT
Proper dickhead behaviour from a bloke who can afford to pay it back but thinks he’s above it. When someone goes bankrupt does it actually mean they have no money/assets or can it easily be fiddled to get rid of the debt and carry on with your life with some money stuffed away somewhere in another account? I’m not sure. However, I think it’s an awful excuse. It should be a “Etsy of execution”, so to speak. I.e., they can’t afford it this week, so let’s hound them every day for the rest of their lives until it is paid back. Bankruptcy is temporary. It shouldn’t be a get out of jail free card. I'm assuming the difference here is liability for personal bankruptcy (which was Becker) and liability for company bankruptcy. This appears to be the latter - in which case he has no personal liability for the bankruptcy of the company unless he's personally guaranteed any of the company's loans etc. He will presumably be debarred from being a company director for a period of time - but unless his business practices have been fraudulent then that will be about it.
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Post by cvillestokie on Apr 25, 2024 18:43:15 GMT
I’m not sure. However, I think it’s an awful excuse. It should be a “Etsy of execution”, so to speak. I.e., they can’t afford it this week, so let’s hound them every day for the rest of their lives until it is paid back. Bankruptcy is temporary. It shouldn’t be a get out of jail free card. I'm assuming the difference here is liability for personal bankruptcy (which was Becker) and liability for company bankruptcy. This appears to be the latter - in which case he has no personal liability for the bankruptcy of the company unless he's personally guaranteed any of the company's loans etc. He will presumably be debarred from being a company director for a period of time - but unless his business practices have been fraudulent then that will be about it. I think that’s wrong. If your business goes bust, you should as well. Bankrupt businesses screw over so many people, especially small businesses. There should be far greater worldwide regulation on it.
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Post by thehartshillbadger on Apr 25, 2024 18:47:51 GMT
I forgive him
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Post by Seymour Beaver on Apr 25, 2024 18:57:01 GMT
I'm assuming the difference here is liability for personal bankruptcy (which was Becker) and liability for company bankruptcy. This appears to be the latter - in which case he has no personal liability for the bankruptcy of the company unless he's personally guaranteed any of the company's loans etc. He will presumably be debarred from being a company director for a period of time - but unless his business practices have been fraudulent then that will be about it. I think that’s wrong. If your business goes bust, you should as well. Bankrupt businesses screw over so many people, especially small businesses. There should be far greater worldwide regulation on it. Interesting you should take that view from across the pond where in my time (admittedly 20 years ago) a couple of bankruptcies on your cv was seen as a good thing - a sign of willingness to push the boundaries and a chance for an entrepreneur to learn. Just a shame Trumps bankruptcies didn't leave him destitute.
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Post by wannabee on Apr 25, 2024 19:06:04 GMT
As far as I can see he hasn't been made Bankrupt but banned from being a Company Director for 3 1/2 years He owes HMRC £190,000 which presumably as he wasn't made Bankrupt he has entered into a repayment plan Another Company owned by Barnes was subject to a Bankruptcy order by HMRC for £238,00 in November 2023 but was dismissed because.... Judge Mark Mullen was told by an official from HM Revenue and Customs (HMRC) at a hearing on Wednesday that a tax debt had been paid and a settlement reached. news.sky.com/story/judge-dismisses-bankruptcy-petition-against-john-barnes-but-he-faces-fresh-claim-13018880So much speculation without establishing the actual facts
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Post by dirtygary69 on Apr 25, 2024 19:16:01 GMT
As far as I can see he hasn't been made Bankrupt but banned from being a Company Director for 3 1/2 years He owes HMRC £190,000 which presumably as he wasn't made Bankrupt he has entered into a repayment plan Another Company owned by Barnes was subject to a Bankruptcy order by HMRC for £238,00 in November 2023 but was dismissed because.... Judge Mark Mullen was told by an official from HM Revenue and Customs (HMRC) at a hearing on Wednesday that a tax debt had been paid and a settlement reached. news.sky.com/story/judge-dismisses-bankruptcy-petition-against-john-barnes-but-he-faces-fresh-claim-13018880So much speculation without establishing the actual facts He’s been declared bankrupt personally in the past, about 10-15 years ago. This is a separate thing. He’s either a dodgy bastard or really wank with his money.
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Post by Seymour Beaver on Apr 25, 2024 19:21:24 GMT
As far as I can see he hasn't been made Bankrupt but banned from being a Company Director for 3 1/2 years He owes HMRC £190,000 which presumably as he wasn't made Bankrupt he has entered into a repayment plan Another Company owned by Barnes was subject to a Bankruptcy order by HMRC for £238,00 in November 2023 but was dismissed because.... Judge Mark Mullen was told by an official from HM Revenue and Customs (HMRC) at a hearing on Wednesday that a tax debt had been paid and a settlement reached. news.sky.com/story/judge-dismisses-bankruptcy-petition-against-john-barnes-but-he-faces-fresh-claim-13018880So much speculation without establishing the actual facts The discussion was primarily about the morality of owing money whilst retaini g wealth. Barnes company - of which he was sole director - dissolved in 2020 owing money to HMRC (you and me) whilst retaining his personal wealth. The monies from the company seemingly will remain unpaid. Technically not a bankrultcy but definitely questionabke.
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Post by longdistancekiddie on Apr 25, 2024 20:10:04 GMT
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Post by thehartshillbadger on Apr 25, 2024 20:10:56 GMT
Yes we all know you’re Irish mate.
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Post by wannabee on Apr 25, 2024 20:32:45 GMT
As far as I can see he hasn't been made Bankrupt but banned from being a Company Director for 3 1/2 years He owes HMRC £190,000 which presumably as he wasn't made Bankrupt he has entered into a repayment plan Another Company owned by Barnes was subject to a Bankruptcy order by HMRC for £238,00 in November 2023 but was dismissed because.... Judge Mark Mullen was told by an official from HM Revenue and Customs (HMRC) at a hearing on Wednesday that a tax debt had been paid and a settlement reached. news.sky.com/story/judge-dismisses-bankruptcy-petition-against-john-barnes-but-he-faces-fresh-claim-13018880So much speculation without establishing the actual facts The discussion was primarily about the morality of owing money whilst retaini g wealth. Barnes company - of which he was sole director - dissolved in 2020 owing money to HMRC (you and me) whilst retaining his personal wealth. The monies from the company seemingly will remain unpaid. Technically not a bankrultcy but definitely questionabke. I replied to the opening post which said he had been made Bankrupt "however many times" I glossed over whether he should continue to be employed by Liverpool or whether he was a suitable person to comment on "anything race related" I'm not sure I agree with you that monies due to HMRC remain unpaid or at least there is a payment plan in place. If there were monies due to HMRC unpaid then he would indeed have been made Bankrupt, his assets seized and sold to repay the Debt. Barnes was made Bankrupt in 2009 for, you've guessed it, Tax Debts, it was later rescinded, which can only mean he paid up. Taken from the link I posted from his November 2023 for a separate Company to John Barnes Media Ltd " An HMRC official had indicated, during that earlier litigation, that the former sportsman owed at least £200,000 and said the money owed had been paid"
As far as I can see there has been no loss of Revenue to HMRC and expect his settlements have included penalties. Nevertheless over an extended period Barnes has demonstrated a cavalier attitude to paying his taxes and could well afford an Accountant to maintain his Companies, perhaps he did and just ignored them. That said I find his Directorship Ban of only 3 1/2 years, given his age it should have been at least 10. He's not a fit and proper person to be a Director of a Company
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Post by wannabee on Apr 25, 2024 22:07:21 GMT
I replied to the opening post which said he had been made Bankrupt "however many times" I glossed over whether he should continue to be employed by Liverpool or whether he was a suitable person to comment on "anything race related" I'm not sure I agree with you that monies due to HMRC remain unpaid or at least there is a payment plan in place. If there were monies due to HMRC unpaid then he would indeed have been made Bankrupt, his assets seized and sold to repay the Debt. Barnes was made Bankrupt in 2009 for, you've guessed it, Tax Debts, it was later rescinded, which can only mean he paid up. Taken from the link I posted from his November 2023 for a separate Company to John Barnes Media Ltd " An HMRC official had indicated, during that earlier litigation, that the former sportsman owed at least £200,000 and said the money owed had been paid"
As far as I can see there has been no loss of Revenue to HMRC and expect his settlements have included penalties. Nevertheless over an extended period Barnes has demonstrated a cavalier attitude to paying his taxes and could well afford an Accountant to maintain his Companies, perhaps he did and just ignored them. That said I find his Directorship Ban of only 3 1/2 years, given his age it should have been at least 10. He's not a fit and proper person to be a Director of a Company So what exactly are you being pissy about then? He’s clearly not a trustworthy man where money is concerned as he is/was being paid £200K a year by Liverpool, and must have earned however much from football before it. He won’t be the first or last footballer to have been declared bankrupt or struggle with money, but the fact he actually paid it back makes it a bit worse? The money was there but he thought he was above paying it. The race related thing was just a thing to say there are surely more notable, trustworthy people out there to offer their opinions. I’m not sure as Liverpool FC I’d want my club associated with a bloke who can’t/doesn’t pay his owed taxes, no matter how much of a legend he might be. Accuracy in posting is important as far as I'm concerned, it may not be to you. I've already said he is untrustworthy relating to duties of a Company Director and was surprised his Ban was only for 3 1/2 years given his history He was declared Bankrupt on October 14th 2009 and discharged from Bankruptcy just over 3 weeks later on November 9th having paid his Taxes. He claims it was a oversight, I have my doubts, but you have no basis in your speculation that he thought he was above paying it. I don't follow your logic that because he repaid the money it makes it worse but maybe I'm missing something and I can't speculate what was going on 15 years ago other than Barnes found the money to repay what was owed. Seymour's point, not yours, was that HMRC had lost out and ultimately so too did Taxpayers, they didn't. www.telegraph.co.uk/sport/football/news/6442035/John-Barnes-has-bankruptcy-order-rescinded.html?WT.mc_id=605456&source=MiddleColumnPuffYou are quite entitled to your opinion that "The race related thing was just a thing to say there are surely more notable, trustworthy people out there to offer their opinions" but it's hardly relevant to whether Barnes pays his Taxes on time.
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Post by felonious on Apr 26, 2024 10:51:05 GMT
The discussion was primarily about the morality of owing money whilst retaini g wealth. Barnes company - of which he was sole director - dissolved in 2020 owing money to HMRC (you and me) whilst retaining his personal wealth. The monies from the company seemingly will remain unpaid. Technically not a bankrultcy but definitely questionabke. His company has ceased trading however it still exists and a liquidator was appointed 12 months age presumably with the intention of realising the monies that he owes to his own company which can then be used to pay some of the company's Corporation tax and VAT debts..... and unfortunately be swallowed up in liquidator's fees. If he can't pay the monies that he owes to the company then he may well end up being made bankrupt. bmmagazine.co.uk/news/john-barnes-banned-from-company-directorships-over-unpaid-taxes/It looks like there have been a number of attempts to strike the company off due probably to non filing by due dates followed presumably by objections by it's main creditor HMRC. find-and-update.company-information.service.gov.uk/company/08201455/filing-history
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Post by Northy on Apr 26, 2024 16:28:33 GMT
Bring back hanging ...
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Post by thehartshillbadger on Apr 26, 2024 17:53:29 GMT
You've got to hold and give But do it at the right time. You can be slow or fast But you must get to the line.
They'll always hit you and hurt you, Defend and attack. There's only one way to beat them: Get round the back.
Catch me if you can 'Cause I'm the England man And what you're looking at Is the master plan.
We ain't no hooligans, This ain't a football song, Three lions on my chest I know we can't go wrong.
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