Pulis

[sweeper5]

No one would know the full story except Peace, Jenkins and the Accountant, and not saying anything is not above board. As Mick most likely would tell you, anybody within reason can bury whatever they want in accounts. Any shareholder can also move around whatever they wish to save on corporation tax and personal taxes that may be due within reason. Amazon are masters at this.

So in summary - the dividend was drawn and moved around which is obvious. As to who pocketed this dividend, the answer lies within who was the largest shareholder. You could also say the dividend was not pocketed directly in one hand, but a transaction in another hand could have cancelled this out.

Blood knows his facts and certainly switched on. As to Peace having a ruined reputation - why? I am sure, everything was above board with moving transactions around as he's a shrewd guy. The fact is - he milked the club with as much as he could and it's a wonder the slates on the East Stand were not taken too.

I am absolutely dumbfounded by what I have just read, this coming from someone who clearly advised us all a short while back that he ran THREE Companies, and was completely in tune with Company Accounts.Is there anything you want to amend in your previous posts?

Take a look at the following two articles that I have seen and copied here for your benefit.It concerns how money can be taken out of a Private Company Limited by Shares.

1) In private companies the practice varies widely. If the company is making profits there are essentially two ways in which those profits can be paid over to the people who own and run the company. One is for the directors (or others, e.g. family members) to be paid salaries or fees for the work they have done for the company. Such salaries or fees will be employment income for the recipient and must usually be taxed under the PAYE system, with the company deducting tax at source. Both the company and the director will also be liable to make National Insurance contributions. The other way of taking money out of the company is for the company to pay dividends. These are paid to shareholders (rather than directors) and (unless the company has special articles) must be paid in accordance with the rights of the respective shareholders. Dividends are taxable as investment income in the shareholders' hands. The tax rates for dividends are generally lower than for other sources of income.

2) Dividends
A dividend is a payment a company can make to shareholders if it has made a profit.

You cannot count dividends as business costs when you work out your Corporation Tax.

Your company must not pay out more in dividends than its available profits from current and previous financial years.

You must usually pay dividends to all shareholders.

To pay a dividend, you must:

hold a directors’ meeting to ‘declare’ the dividend
keep minutes of the meeting, even if you’re the only director
Dividend paperwork
For each dividend payment the company makes, you must write up a dividend voucher showing the:

date
company name
names of the shareholders being paid a dividend
amount of the dividend
You must give a copy of the voucher to recipients of the dividend and keep a copy for your company’s records.

Tax on dividends
Your company does not need to pay tax on dividend payments. But shareholders may have to pay Income Tax if they’re over £2,000.



Now, baggieal, having read the above, again is there anything that you would like to amend in your previous posts? May I also draw your attention to the following extract of the rules of posting on FootyMad.

" Post, link to or otherwise publish any Messages that are unlawful, threatening, abusive, libellous, indecent, infringe copyright or other rights of third parties or which contain any other form of illegal content;"

talkSAFT:

For your information have a look at post 27 on the thread "In defence of Big Dave"

Folks, I rest my case, no more from me except to say you either agree with baggieal and others, that Jeremy Peace "lifted" £27 million from our club, or you think, like me, that just because they have a distinct hatred of Jeremy Peace they try to blacken his name. Conclusion, Jeremy Peace DID NOT receive the aforesaid £27 million dividend.

My apologies for helping to take this off topic, but it had to be said.