Taylorj Posted April 17, 2019 Report Share Posted April 17, 2019 1 hour ago, Argos said: Why don’t you Workington fans just realise that you have lost your Speedway Team, There was not enough of you going when you were running, it was not financially viable, The Promoters were going cap in hand to run again this Season, as sad as it is Workington Speedway Is Finished, get over it and move on. Why don't you naff off this thread , don't like reading it , don't , no -one got a gun to your head so you jog on and move on ......... 3 1 Quote Link to comment Share on other sites More sharing options...
WalterPlinge Posted April 17, 2019 Report Share Posted April 17, 2019 18 hours ago, TotallyHonestJohn said: Oh dear the dreaded VAT man and some may not be aware that he (The VAT man) is a separate entity to HMRC You're a bit confused there. There used to be two separate entities. The Inland Revenue (who were responsible for Direct Taxation - e.g. Income Tax, N.I., Corporation Tax, CGT etc etc) and Customs & Excise (who were responsible for Indirect Taxation - e.g. VAT, Customs Duties etc etc). They were combined into one Government Department in 2005 - "HM Revenue & Customs" (HMRC). Quote Link to comment Share on other sites More sharing options...
geoff100 Posted April 17, 2019 Report Share Posted April 17, 2019 4 hours ago, Argos said: Why don’t you Workington fans just realise that you have lost your Speedway Team, There was not enough of you going when you were running, it was not financially viable, The Promoters were going cap in hand to run again this Season, as sad as it is Workington Speedway Is Finished, get over it and move on. Its "dicks" like u that prob closed coventry . 1 Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 17, 2019 Report Share Posted April 17, 2019 2 hours ago, WalterPlinge said: You're a bit confused there. There used to be two separate entities. The Inland Revenue (who were responsible for Direct Taxation - e.g. Income Tax, N.I., Corporation Tax, CGT etc etc) and Customs & Excise (who were responsible for Indirect Taxation - e.g. VAT, Customs Duties etc etc). They were combined into one Government Department in 2005 - "HM Revenue & Customs" (HMRC). No confusion here bonny lad they may have shared a common title since then however in 2010/2011 when we were fighting on with them they were two separate entities. Tax and NI dealt with from a Newcastle office and a guy came to our office to sort out his issue and when we asked about the VAT element he said that had nothing to do with him the office dealing with that is Cumbernauld. Every payroll issue is dealt with from either a Newcastle or Sunderland office, pension queries go to Tyne View Park in Benton and VAT queries and issues go to Cumbernauld all separate and none of them deal with another in anyway whatsoever... They can't even access each other's IT Systems... I assume all the monies end up in the same HM Tax Revenues pot however they are all separate entities in there own right and as I still run my own business it is still what we have to do each time they get things wrong and we are really looking forward to making Tax Digital (not) but at least the mistakes will be down to us as we will be doing the bulk of their jobs for them... Jezzzussss don't get me started on the Tax Man in whatever form he comes in.... nearly as bad as Brexit... Regards THJ Quote Link to comment Share on other sites More sharing options...
HGould Posted April 17, 2019 Report Share Posted April 17, 2019 never really understood VAT and sport as not clear on sports tickets that you pay at gate. So if I go to Monmore Green and pay £28 for me and the missus to get in and £3.00 for a programme are you saying Wolves have to pay 20% the the VAT man (£6.20), christ that's a huge chunk, and if they pay VAT I assume no way of claiming back??... No wonder Speedway clubs are going bust.... Quote Link to comment Share on other sites More sharing options...
Byker Biker Posted April 17, 2019 Report Share Posted April 17, 2019 (edited) 8 minutes ago, HGould said: never really understood VAT and sport as not clear on sports tickets that you pay at gate. So if I go to Monmore Green and pay £28 for me and the missus to get in and £3.00 for a programme are you saying Wolves have to pay 20% the the VAT man (£6.20), christ that's a huge chunk, and if they pay VAT I assume no way of claiming back??... No wonder Speedway clubs are going bust.... Yes although the vat comes out of your calcs not on top of, in other words your admission includes vat so out of £23 the vat content is £3.8333r - or £19.16 + vat. So that would be £2.50 for the programme and £16.16 admission to the club. Edited April 17, 2019 by Byker Biker Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 17, 2019 Report Share Posted April 17, 2019 49 minutes ago, Byker Biker said: Yes although the vat comes out of your calcs not on top of, in other words your admission includes vat so out of £23 the vat content is £3.8333r - or £19.16 + vat. So that would be £2.50 for the programme and £16.16 admission to the club. But did you know that if you call your programme a match day magazine it is zero rated for VAT In the UK, printed books, newspapers, journals and magazines (or 'periodicals') are zero-rated for VAT but not programmes... Which club issues a match day magazine rather than a programme BB... Regards THJ Quote Link to comment Share on other sites More sharing options...
SteelShoe Posted April 17, 2019 Report Share Posted April 17, 2019 On 4/14/2019 at 1:00 PM, SteelShoe said: Be careful who you vote for, at least the Labour council are trying to drag the town into the 21st century regardless of what is happening with the speedway. Mike Heaslip Labour Councillor did at least knock on our door. Unfortunately i wasn't home but the wife raised the issue about the speedway following reports that the council were apparently ignoring approaches from the speedway. Mr Heaslip stated that it was his belief that there was a meeting friday 12th April with 'the lady who runs the speedway' . He was also suggesting that Derwent Park would be available following the move by Town/Reds into any new stadium . Following on from this i am in a position to confirm that the Labour led Allerdale Borough Council did indeed meet with Laura. I am led to believe that something could develop re Comets moving to Oldside and that hopefully some sort of press release could follow. My advice to all speedway fans would be to vote Labour because this could well hinge on Labour retaining control of the Council so do the right thing ! 2 Quote Link to comment Share on other sites More sharing options...
Byker Biker Posted April 18, 2019 Report Share Posted April 18, 2019 10 hours ago, TotallyHonestJohn said: But did you know that if you call your programme a match day magazine it is zero rated for VAT In the UK, printed books, newspapers, journals and magazines (or 'periodicals') are zero-rated for VAT but not programmes... Which club issues a match day magazine rather than a programme BB... Regards THJ Yes, but the jury was out on it and they had started to clawback some monies pending a judgement and advised those that were audited to declare going forward pending the outcome. It seemed different inspectors had different opinions. Quote Link to comment Share on other sites More sharing options...
ruffdiamond Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) 11 hours ago, TotallyHonestJohn said: But did you know that if you call your programme a match day magazine it is zero rated for VAT In the UK, printed books, newspapers, journals and magazines (or 'periodicals') are zero-rated for VAT but not programmes.. Regards THJ 41 minutes ago, Byker Biker said: Yes, but the jury was out on it and they had started to clawback some monies pending a judgement and advised those that were audited to declare going forward pending the outcome. It seemed different inspectors had different opinions. Would that be classed as 'tax avoidance' ? Is it similar to when buying 'working' dog food from the supermarket (VAT free)? Who can prove if your dog is a 'working' dog, or a 'couch' dog and, how many folk have used this loop-hole to avoid paying their due's. Edited April 18, 2019 by ruffdiamond Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 18, 2019 Report Share Posted April 18, 2019 43 minutes ago, Byker Biker said: Yes, but the jury was out on it and they had started to clawback some monies pending a judgement and advised those that were audited to declare going forward pending the outcome. It seemed different inspectors had different opinions. 15 minutes ago, ruffdiamond said: Would that be classed as 'tax avoidance' ? Is it similar to when buying 'working' dog food from the supermarket (VAT free)? Who can prove if your dog is a 'working' dog, or a 'couch' dog and, how many folk have used this loop-hole to avoid paying their due's. Ah the good ole VAT Man... and yes it was classed as tax avoidance in the first instance and the money was to be clawed back by HMRC however on appeal (in a certain promoters front room where the VAT Man was told to "go forth and multiply" (I know because I was in attendance) and the VAT Man who ironically had the same surname as the promoter but was no relation; conceded) it was a bit contrived and I wont go into all the detail however what was going to be a £14k VAT bill was reduced to £3K and the programme became a match day magazine and the rest as they say was history. Q. So when is a programme not a programme Ans... When it's a match day magazine (at zero rated VAT) Regards THJ Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 18, 2019 Report Share Posted April 18, 2019 11 hours ago, SteelShoe said: Following on from this i am in a position to confirm that the Labour led Allerdale Borough Council did indeed meet with Laura. I am led to believe that something could develop re Comets moving to Oldside and that hopefully some sort of press release could follow. My advice to all speedway fans would be to vote Labour because this could well hinge on Labour retaining control of the Council so do the right thing ! Honestly Nothing will develop the club has been annulled by the BSPA and what I cant understand is the day the Liquidation notice was officially published which was Thursday the 11th of April; Laura was having a meeting with the council to discuss Speedway yet she new then that the "Date of Winding-up Order" had been issued on the "3rd of April 2019" and that C Hudson 2nd Floor, Rosebrae Court, Woodside Ferry Approach, Birkenhead, CH41 6DU, had been appointed as the liquidator of LJM Asset Management. Nothing will develop at Oldside (Northside for those who don't know the area) unless a new company takes the licence forward, (which is now up for grabs for anyone daft enough to take it on) the licence is no longer "on ice" it has been "annulled" due to the fact that the parent company LJM Asset Management have gone into liquidation. On the politics side of things (and only as an outsider looking in) I have been involved in West Cumbria since 2006 and I have never seen such a shower of local politicians not only divided on party lines but tribal ones as well. Uppies; Downies; Reds; Town and everything Workington centric. Labour have done nothing for a region crying out for some vision and leadership, I know for a fact the two Independent Candidates in Maryport George Kemp and Ian Greeny would do more to support the Speedway than any so called Labour councillor. Don't be fooled by the rhetoric of any Westminister backed party they would say "the moon was made of cheese" if they thought it would get them a vote. The independent guys are the way to go (IMHO) and make them all work together for the people of West Cumbria not just whoever supports the local football or rugby teams. Unfortunately the LJM backed Comets have officially gone; you are looking at a whole new chapter now Regards THJ Quote Link to comment Share on other sites More sharing options...
geoff100 Posted April 18, 2019 Report Share Posted April 18, 2019 Looks like godfrey and co have the last laugh some sort of press coverage would have been nice ! Quote Link to comment Share on other sites More sharing options...
Taylorj Posted April 18, 2019 Report Share Posted April 18, 2019 4 hours ago, TotallyHonestJohn said: Honestly Nothing will develop the club has been annulled by the BSPA and what I cant understand is the day the Liquidation notice was officially published which was Thursday the 11th of April; Laura was having a meeting with the council to discuss Speedway yet she new then that the "Date of Winding-up Order" had been issued on the "3rd of April 2019" and that C Hudson 2nd Floor, Rosebrae Court, Woodside Ferry Approach, Birkenhead, CH41 6DU, had been appointed as the liquidator of LJM Asset Management. Nothing will develop at Oldside (Northside for those who don't know the area) unless a new company takes the licence forward, (which is now up for grabs for anyone daft enough to take it on) the licence is no longer "on ice" it has been "annulled" due to the fact that the parent company LJM Asset Management have gone into liquidation. On the politics side of things (and only as an outsider looking in) I have been involved in West Cumbria since 2006 and I have never seen such a shower of local politicians not only divided on party lines but tribal ones as well. Uppies; Downies; Reds; Town and everything Workington centric. Labour have done nothing for a region crying out for some vision and leadership, I know for a fact the two Independent Candidates in Maryport George Kemp and Ian Greeny would do more to support the Speedway than any so called Labour councillor. Don't be fooled by the rhetoric of any Westminister backed party they would say "the moon was made of cheese" if they thought it would get them a vote. The independent guys are the way to go (IMHO) and make them all work together for the people of West Cumbria not just whoever supports the local football or rugby teams. Unfortunately the LJM backed Comets have officially gone; you are looking at a whole new chapter now Regards THJ So in a nutshell you are confirming that Workington Comets is no longer , surely a press release should be forthcoming ?? 1 Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 18, 2019 Report Share Posted April 18, 2019 5 hours ago, geoff100 said: Looks like godfrey and co have the last laugh some sort of press coverage would have been nice ! It's in the BSPA rules that any company who ceases trading or goes into liquidation can not hold a licence... it's nowt to do with Godfrey and Co if thems the rules and everyone is aware and accepts that position... and unless LJM Asset Management rises like a Phoenix out of ashes of this liquidation mess then thats it... and as for an announcement all of this is just breaking and unravelling before us... and will be a bitter pill to swallow for all concerned... and as ever when a business fails its rather embarrassing so no one will be rushing out to give a bad news press release will they... If you have a disposable income of around 150k per annum you can set up a promotion and run the club it will be there for the taking... Oh and you will need to be happy writing off a large lump of that figure each year... Regards THJ Quote Link to comment Share on other sites More sharing options...
gregory peck Posted April 18, 2019 Report Share Posted April 18, 2019 2 hours ago, Taylorj said: So in a nutshell you are confirming that Workington Comets is no longer , surely a press release should be forthcoming ?? You'd certainly think so,we can't really believe now it was only a year out with all that's come out lately,it's all desperately sad, with the memories of our finest hour still fresh in the mind,it appears now that's all we have,memories 1 1 Quote Link to comment Share on other sites More sharing options...
Argos Posted April 18, 2019 Report Share Posted April 18, 2019 As stated previously Workington Speedway R.I.P. Quote Link to comment Share on other sites More sharing options...
singy13 Posted April 18, 2019 Author Report Share Posted April 18, 2019 (edited) 8 hours ago, TotallyHonestJohn said: Unfortunately the LJM backed Comets have officially gone; you are looking at a whole new chapter now 38 minutes ago, Richard Weston said: Who would write and send out the press release? Can't think the administrators would be over-bothered. It would seem no-one connected with the promotion would have any standing to issue such a release. Think most of us knew the 'licence on ice' situation was only to calm the much troubled waters, and Comets were in reality no more. Re the' press release' - perhaps it does need doing to, as it were, nail the lid down. Think Laura needs to make the effort. As THJ says it's "a whole new chapter"........and honestly when I do win the lottery I'll revive Workington Speedway....... .........incidentally anyone know where you buy a ticket? Edited April 18, 2019 by singy13 missed a word 2 Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted April 18, 2019 Report Share Posted April 18, 2019 (edited) 50 minutes ago, Richard Weston said: Who would write and send out the press release? Can't think the administrators would be over-bothered. It would seem no-one connected with the promotion would have any standing to issue such a release. Administrators gives an inkling of hope that there is something to save in a business and businesses can run in administration for months... the company appointed to wind up LJM Asset Management are Liquidators which is something slightly different... and they won't give a stuff if I'm honest... No one is really owed an explanation as to what has gone on within LJM and in Maryport on the lash tonight I have just heard that the promotion are still wanting to do something next year... so here's hoping... Something similar (not the same) just simlar happened to Newcastle a few year back and Newspeed rose out of the ashes from a wind up of one business and the refomation of another and Newspeed is still running the spot now so never say never.... It's always darkest before the light... Oh and my lottery tickets are on... Regards THJ Edited April 18, 2019 by TotallyHonestJohn Missed out word 2 Quote Link to comment Share on other sites More sharing options...
A.N.Other Posted April 19, 2019 Report Share Posted April 19, 2019 On 4/17/2019 at 10:49 PM, SteelShoe said: Following on from this i am in a position to confirm that the Labour led Allerdale Borough Council did indeed meet with Laura. I am led to believe that something could develop re Comets moving to Oldside and that hopefully some sort of press release could follow. My advice to all speedway fans would be to vote Labour because this could well hinge on Labour retaining control of the Council so do the right thing ! Ooh look up..there's several pieces of pale coloured Bacon flying past ! Quote Link to comment Share on other sites More sharing options...
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