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Thursday, 3 November 2011

Hearts Winding Up Order Avoided

According to the BBC, The Scottish Premier League Club Hearts has paid £500,000 to HMRC to avoid a winding up order being granted today.  The club had similar winding up orders served against it in 2009 and November 2010 over unpaid tax to HMRC. Both were settled after the club paid the bills.

However the club has still not paid wages that were due on the 16th October.  The players union has officially complained to the SPL. 

HMRC have taken a hard line against football clubs but the clubs still seem to take things to the wire. HMRC are challenging the Football Creditors Rule which in effect allows players and the leagues to be paid ahead of other creditors such as suppliers and HMRC in the event that the club goes into administration.

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