| Gylfi not going on US tour 10:15 - Jul 13 with 35094 views | pencoedjack |
Should make a few posters happy |  | | |  |
| Gylfi not going on US tour on 20:20 - Jul 21 with 1496 views | Garyjack |
| Gylfi not going on US tour on 19:40 - Jul 21 by Whiterockin |
As someone indicated on another thread. He won't be going until our new financial year on August 1st. [Post edited 21 Jul 2017 19:42]
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Why? |  | | |
| Gylfi not going on US tour on 22:51 - Jul 21 with 1315 views | Whiterockin |
| Gylfi not going on US tour on 20:20 - Jul 21 by Garyjack |
Why? |
We Need To Make Gylfi Decisions Quickly on 04:02 - Jul 21 by NOTRAC
Swansea's accounts year end is 31st July. If he is sold before the end of the month his profit goes into those accounts and there is possible Corporation Tax payable of up to £10m, which would be due for payment on the 1st May 2018.
If his sale is delayed until August the profit goes into the accounts for the year ended 31July 2018, on which the Corporation tax is payable on the 1st May 2019.
Cash flow is a major factor therefore.Gylfi knows he is going but is in no mans land for a bit longer until the deal is announced in August. |  | | |
| Gylfi not going on US tour on 23:19 - Jul 21 with 1255 views | Garyjack |
| Gylfi not going on US tour on 22:51 - Jul 21 by Whiterockin |
We Need To Make Gylfi Decisions Quickly on 04:02 - Jul 21 by NOTRAC
Swansea's accounts year end is 31st July. If he is sold before the end of the month his profit goes into those accounts and there is possible Corporation Tax payable of up to £10m, which would be due for payment on the 1st May 2018.
If his sale is delayed until August the profit goes into the accounts for the year ended 31July 2018, on which the Corporation tax is payable on the 1st May 2019.
Cash flow is a major factor therefore.Gylfi knows he is going but is in no mans land for a bit longer until the deal is announced in August. |
Oh i see. Look, it's the time of year when some people can't help but be inclined to 'overthink' situations, and that post is one of them. Gylfi may or may not be sold, or he may be sold before or after the 1st of August. Whatever happens though, 'corporation tax' will have no bearing on that.  | | | |
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