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If they sponsor it, then it's allowable for tax, subject to certain tests - basically is it really a commercial deal to benefit the sponsoring company or are they trying to scam HMRC.

That could make for interesting tax case law!

That was me. Entertainment is not tax deductible in the UK. It will be deducted as part of the calculation of accounting profit, but then has to be added back as part of the tax computation. If VoR is deducting it from his taxable profit he'll have to hope he doesn't get an HMRC audit :)

The debt arose specifically from the deal that they signed.

But they could have been sued for payment and in the event of non payment wound up. Then they would no longer own the shares.

When buying a company, the buyer will have a net price that they’re prepared to pay for it. That price will include any debt they take on as part of the transaction. Companies are often sold on a debt free basis, i.e. the selling company will settle any debts before, or at the time of the...

VAT for entertaining isn’t reclaimable and entertaining itself isn’t tax deductible.

My first idol was Neil Martin, but I cried when I heard that Dennis Mortimer had gone to Villa.

Unbef*ckinglievable!

Very

You're clearly more forgiving than me!

I’ve got 3 on Ignore and that sometimes means that the vast bulk of threads is something of a mystery 😀. However, on balance it still makes things much better!

That's statistically true, but doesn't take into account the fact that they had a pitch they could play on from the start of the season. I think that form over the last few months is pretty similar between the two teams and I think that that's more relevant.

"Ignore" is your friend.

Home to Leeds in (I think) ‘69. Lost 1-2. Ernie Hunt scored for us.,

I’ve just seen that the word itself has Italian origins. I’d assumed it was short for tin foil, given the tacky nature of it all 😀

Please don't go there, unless you've got nothing to do between now and a week on Saturday...

BNC has been getting better and better in the last few games. Is it a coincidence that he’s had a certain Liam Kelly playing infield from him over that time?

I was. Remember queuing outside Wembley, waiting for the gates to open, when Jimmy Greaves came by. He got a fair bit of (very good natured) ribbing.

No. They join the squad once our season has finished.