----- Original Message ----- 
From: <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>; <[email protected]>
Sent: Friday, May 04, 2007 10:17 PM
Subject: Re: [LU] LU: Bates about to be on Yorkshire radio to explain...


> How can we have any debt related to Kewell? He came up through the 
> academy, and we sold him several years ago.
>
> Cheers!
>
> Sean

The Revenue changed their rules with regard to agents' fees, and this matter 
was resolved at the beginning of last year.  Previously agents fees hadn't 
been subject to VAT, but the rule change meant that they were and, like a 
lot of things the revenue does this was retrospective.  This was the 
"unexpected" tax bill that swallowed up Blackwell's transfer kitty.

That's the jist of it anyway.

Sean 



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