Saddened! wrote:
The worst thing though, football debts (Players and other clubs) are paid before HMRC. How the fecking hell is that allowed to continue?
Because it makes huge sense.
1, HMRC will eventually get their money, they nearly always do.
2, The clubs need to be able to carry on trading as usual as much as possible if they are to be able to pay HMRC as quickly as possible. They won't be able to do this if they can't pay off their other creditors first, as nobody would be willing to deal with them.
3, HMRC will not go bust, unlike some of the other creditors potentially when they don't get paid.
4, If other said creditors did go bust, that just means less businesses paying taxes to HMRC, which is not beneficial to HMRC either.