Moyes linked with Villa and Spurs

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mikewex said:
I can't believe I getting involved in this....




Matt,


"Since when was there a breakdown in individual employee's renumeration."

Since he is a Director. Any income (non dividends or expenses) he gets from services to the company (not simply in his role as a director) need to get declared as part of the accounts in the section Directors Remuneration. For the last three years the figures were

2008 470k Highest individual 470k
2009 244k Highest individual 244k
2010 0k Highest individual 0k

As Wyness was full time and a director in 2008, that has to refer to him.
2010 speaks for itself.
2009 244k? Maybe this is what you mean? Certainly not a month anyway.

You cannot put payments to a company through as Payroll, if there were payments to a shell company then either they would have to be declared as payments to a Related company (roughly speaking if the company operated in its own right and did things outside of working for EFC and Kenwright owned or was beneficial owner of both) or if all the company did was receive non-dividend income from EFC, wholly for the benefit of Kenwright, the existance of the company would be set aside (in theory).

Thats pretty simplified, but to avoid that Kenwright would need to be doing some pretty creative accounting. And if you noticed, I'm sure Deloittes would too.

And as for it being paid as a dividend, that really really would be mentioned in the accounts....

And as for EFC owing Kenwright money in loans (someone said, not sure who), again these would need to be in the accounts. They aren't.

Maybe Kenwright is doing all these things, I don't know. But the people who stake their reputation on going through the books are happy that there is nothing funny going on, and it would be hard to circumvent most of the disclosure laws legally.
Click to expand...

Does this apply to "contractor limited companies" through which he might receive these funds.

a company not necessarily incorporated inside the UK ?

And do these have to be declared in the EFC company accounts?


Locating ALL companies internationally in which he is the sole or shareholder, would be of interest.

Especially since some of this "work" will not be being done inside the UK.


Could this also be covered in the books under "payments to agents" or a similar category?
 
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Matt Damon said:
Does this apply to "contractor limited companies" through which he might receive these funds.

a company not necessarily incorporated inside the UK ?

And do these have to be declared in the EFC company accounts?


Locating ALL companies internationally in which he is the sole or shareholder, would be of interest.

Especially since some of this "work" will not be being done inside the UK.


Could this also be covered in the books under "payments to agents" or a similar category?
Click to expand...

I'm liking your work Matt. Keep going, just some more serious forensic investigation and I feel you can pull Kenwright's trousers down over this issue.

<and not to pleasure him like it would have been 6 months ago>
 
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Chang Elephant said:
I'm liking your work Matt. Keep going, just some more serious forensic investigation and I feel you can pull Kenwright's trousers down over this issue.

<and not to pleasure him like it would have been 6 months ago>
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I like to discuss this type of thing with a knowledgeable and polite invididual like mikewex and yourself who is genuinely listening to the debate.


rather than some of the other teds who felt the need to comment before thinking about what they were saying.


Oh and
God bless Chicoazul!
 

Matt Damon said:
Does this apply to "contractor limited companies" through which he might receive these funds.

a company not necessarily incorporated inside the UK ?

And do these have to be declared in the EFC company accounts?


Locating ALL companies internationally in which he is the sole or shareholder, would be of interest.

Especially since some of this "work" will not be being done inside the UK.


Could this also be covered in the books under "payments to agents" or a similar category?
Click to expand...

I should qualify my posts with while I work in the accounting industry, I'm neither an accountant or an auditor, I work on the tech side...

A contractor limited company is a limited company as far as EFC would be concerned, makes no odds as to what services its being hired to carry out. Similarly it doesn't matter where the second company is incorporated, the accounts are being drawn up under UK accounting rules.

Of course a foreign registered company might make it easier to conceal who the shareholder is (as would nominee companies which would be an easier route), but you are getting firmly into areas that are rubbing shoulders with fraud at that point...


By the way, did you know that sticking "allegedly" at the end of a post has about the same protection as saying the voices told me to do it?
 
mikewex said:
I should qualify my posts with while I work in the accounting industry, I'm neither an accountant or an auditor, I work on the tech side...

A contractor limited company is a limited company as far as EFC would be concerned, makes no odds as to what services its being hired to carry out. Similarly it doesn't matter where the second company is incorporated, the accounts are being drawn up under UK accounting rules.

Of course a foreign registered company might make it easier to conceal who the shareholder is (as would nominee companies which would be an easier route), but you are getting firmly into areas that are rubbing shoulders with fraud at that point...


By the way, did you know that sticking "allegedly" at the end of a post has about the same protection as saying the voices told me to do it?
Click to expand...

Don't confuse that with the legitimate practice of off-shoring - when and where full UK tax is paid in revenues earned.

Or in any country where the revenue was earned.

No one said this is about tax avoidance. Its also not money laundering either. And wouldn't be illegal so the auditors wouldn't have any need to be highlighting it. As it would be a "legitimate" service rendered upon which full, or the appropriate - UK tax was paid.


It would in theory, hide it from the people paying the money/revenue into the club, who would be hostile to it, and just who, it was being received by.

The fans being extremely hostile, if they thought that was happening whilst the club cannot expand capacity.


This service rendered. Kenwright acting as a scout for the club. Whilst also not illegal. Would it be morally right?

Just what are Kenwright's qualifications to act as a football scout? :huh: And to draw money, via any means from the club for that?
 
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Not a tax issue (though possible of course), the non-disclosure of a directors interest was the dodgy bit I was getting at. And I think that would almost certainly be illegal.

Basically the upshot is there is almost no legal way that a director can extract an income stream from a company without declaring it.
 
mikewex said:
Not a tax issue (though possible of course), the non-disclosure of a directors interest was the dodgy bit I was getting at. And I think that would almost certainly be illegal.

Basically the upshot is there is almost no legal way that a director can extract an income stream from a company without declaring it.
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So the claim is utter nonsense?

Thought so.
 

Good old Guillem Balague jumping on the bandwagon today too

"if Gerard Houllier decides 2 leave AV (the club want him to stay and reduce his workload) David Moyes is top of a shortlist to replace him"
 
Alio said:
Good old Guillem Balague jumping on the bandwagon today too

"if Gerard Houllier decides 2 leave AV (the club want him to stay and reduce his workload) David Moyes is top of a shortlist to replace him"
Click to expand...

Funny. The other day he said Benitez and Flores topped it.
 
Moyes wont go to Villa! Are they really a better prospect than us?
Answer NO! Martin Oneill left over transfers so i dont see Moyes going there to be honest!
 

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