Vital Football

Latest Rotherham United News

League Clubs Approve New Tax Regulations

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.



For the very latest League Two odds

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

Writer:Site Staff
Date:Saturday June 13 2009
Time: 1:32PM

Login to post a comment

Best of International Football News

Recent Rotherham United Articles

Stats: Rotherham United v Doncaster Rovers

All the stats from Rotherham United (2) vs (1) Doncaster Rovers, New York Stadium , 24 February 2018 3.00pm Att: 11,725 (2,624 Rovers fans)

RUFC - Gaffer Wouldn't Have Had Bottle To Take Pen

Joe Newell says it feels 'great to win derby game'

RUFC - Warne 'It Was A Game Of Two Halves'

Millers Boss says today was a 'good day'

South Yorkshire Bragging Rights Go To The Millers

Rotherham United's fighting spirit did them well this afternoon after they came from one down in the first half to win the South Yorkshire derby with Doncaster Rovers two-one - but boy, did they leave it late!

Joe Mattock was back in the starting line-up for the Millers with Michael Ihiekwe, who had replaced him last week, nowhere to be seen. Rovers also made one change with Ben Whiteman replacing the injured Luke McCullough.

It was a scrappy start to the game and although Rovers

Rotherham United Archived Articles

Vital Rotherham articles from

Site Journalists

Herringthorpe
Editor email
Profile
baldtobeamiller
no email
Profile

Current Poll (see more polls)

Onto March - Six Games. Can We Keep The Unbeaten Run Going?
Suggested By:
Yes, of course we can89%
No, it's got to end sometime11%
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Rotherham United  Results (view all)

Rotherham United  Fixtures

Vital Members League Table

RankNamePoints
1.herringthorpe344
2.sixpence123
3.mos6069
4.mvmiller34
5.axholme20
6.Millie Miller18
7.miller4life18
8.nogginthenog16
9.Marky795
10.ucantbendit1
The Vital Football Members League