UK time is: 08:00:34
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

League Clubs Approve New Tax Regulations

At their Annual General Meeting, Football League clubs have voted to introduce new financial regulations relating to tax payments.

Once necessary practical arrangements have been made, any club that falls behind with its employee related payments to HMRC will be subject to a transfer embargo until such time as the debt is cleared.

Football League Chairman Lord Mawhinney explained, "It is only right that we do not permit clubs that are unable to meet the costs associated with their existing playing staff to make further new player commitments."

Clubs have also agreed to give The League written permission to monitor, as appropriate, their tax affairs directly with HMRC, who have welcomed this new arrangement.

Lord Mawhinney said: "This new regime will provide us with an early warning system where clubs are facing financial problems. It should also help prevent HMRC debt reaching levels that otherwise could hinder the potential rescue of the club through a CVA.

"More importantly, football generally needs to develop a culture of paying its debts rather than putting them off for another day. This will help our clubs to become more financially sustainable in the longer term."

Clubs also approved a proposal from Derby County to increase the number of substitutes for Coca-Cola Football League matches to seven (from the current five), of which three may enter the field of play.

"We thought it was an idea that deserved further discussions, so we agreed to take it on.

As a club with a lot of up-and-coming young players, this new rule might give some of them the chance to gain some first-team experience."

A Derby spokesman told the Evening Telegraph when commenting on the increasing of substitutes from five to seven.

Get active! Have your say on this articles content below!




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



For the very latest Championship odds

Click here to join in the debate on the club forum.

The Journalist

Writer: Gazza Mail feedback, articles or suggestions

Date:Sunday June 14 2009

Time: 11:47AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Derby County Articles

Steele Happy With Goalkeepers (Tuesday July 29 2014)

Austria Friendlies Round-Up (Monday July 28 2014)

No Deal For Toure (Monday July 28 2014)

VitalDerby on Facebook (Sunday July 27 2014)

Thorne Undergoes Surgery (Friday July 25 2014)

Thorne Delighted With Move (Tuesday July 22 2014)

Rams Leave For Austria (Monday July 21 2014)

McClaren - Derby Improving (Sunday July 20 2014)

Notts County 1 Derby County 3 (Saturday July 19 2014)

Thorne Deal Completed (Saturday July 19 2014)

Archived Derby County Articles

List All Vital Derby Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
7. Brighton 0 0 0 0 0 0
8. Cardiff 0 0 0 0 0 0
9. Charlton 0 0 0 0 0 0
10. Derby County 0 0 0 0 0 0
11. Forest 0 0 0 0 0 0
12. Fulham 0 0 0 0 0 0
13. Huddersfield 0 0 0 0 0 0

Breaking League News

Cherries beat Pompey
Bournemouth : 30/07/2014 07:53:00
Fulham Sell Dejagah
Fulham : 30/07/2014 07:38:00
LUFC Hockaday - Tom Lees could move on
Leeds Utd : 30/07/2014 07:35:00
LUFC Leeds Fans View v Swindon Town
Leeds Utd : 30/07/2014 07:26:00
LUFC Much-improved Leeds win at Swindon
Leeds Utd : 30/07/2014 07:15:00

Current Site Poll (view all polls)

Where do The Rams still need to strengthen?
Suggested By:  MikeC
Goalkeeper 1%
Fullback 33%
Central Defender 33%
Midfield 0%
Wide Attacker 0%
Central Striker 33%
Nowhere 0%