Norton trouble

talking to an accountant, he says that in April 2019, VAT ( sales tax) was recorded using RTI, or real time invoicing, instead of quarterly returns, so tax man can now see at any time the VAT transactions.
Secondly, late or missed tax payments are jumped on very quickly now ( this is British policy, NOT EU).
This may partly explain why things caught up with Norton in the last few months.
 
jan nelder said:
talking to an accountant, he says that in April 2019, VAT ( sales tax) was recorded using RTI, or real time invoicing, instead of quarterly returns, so tax man can now see at any time the VAT transactions.
Secondly, late or missed tax payments are jumped on very quickly now ( this is British policy, NOT EU).
This may partly explain why things caught up with Norton in the last few months.
Click to expand...
Re the last two paragraphs, - and all this is before a judge orders them to pay back any of all that pension money Norton fraudulently obtained!!!
 
swooshdave said:
Do any states test for emissions on bikes? Annual "safety" inspections for some states but I don't think any have emissions testing. The states rely of the Federal approval for new bikes.
Click to expand...
In Germany all bikes registered after 1989 have to do at least a carbon-monoxide test when you have your safety check (Mot in GB, TUV in Germany etc.) every 2 years.
Costs about 70 Euros.
 
jan nelder said:
talking to an accountant, he says that in April 2019, VAT ( sales tax) was recorded using RTI, or real time invoicing, instead of quarterly returns, so tax man can now see at any time the VAT transactions.
Click to expand...

Making Tax Digital did not change the quarterly VAT return other than making it a few key presses. HRMC do not see VAT invoices any more frequently than before. RTI is for payroll and has been live for 3 or 4 years and can be weekly or monthly depending on how frequently you pay the workforce

https://www.gov.uk/government/publi...t/vat-notice-70022-making-tax-digital-for-vat
 
So has Steven Murray done a deal with his mate for the global rights, so he only needs to buy the UK trademark from BDO.
Steven Murray is not only a share holder, he also has given securities to Norton America Llc twice in the past according to US TESS website.
 
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Ohh, hang on, seeing as a consortium needs global rights, is garner a part of his consortium, or is it ploy just to unite globally the TM back into Garners mitts. I smell a rat.
 
After all the recent fiasco, I don't think anyone will touch Garner with a barge pole.
If SG turns up there will be security people there to escort him away from Norton's building.
 
Bernhard said:
After all the recent fiasco, I don't think anyone will touch Garner with a barge pole.
If SG turns up there will be security people there to escort him away from Norton's building.
Click to expand...
Someone who stands to lose £1.1M will do whatever is needed to try and recover that money, and if need be that would be to use and include garner.
Realistically, what does a consortium portray. A bunch of rich blokes that don't have the funds individually, wish to pick up the trademark. Suggests to me that a consortium would not have the funds or capability to make bikes. Groundhog day.
Considering Murray and Garner were 'friends' questions why was a consortium not considered prior to administration months ago.
 
Murray's claim of being a shareholder surely cannot be correct, Norton group holdings was the 100% shareholder of Norton Motorcycles UK.
 
Madnorton said:
Someone who stands to lose £1.1M will do whatever is needed to try and recover that money, and if need be that would be to use and include garner.
Realistically, what does a consortium portray. A bunch of rich blokes that don't have the funds individually, wish to pick up the trademark. Suggests to me that a consortium would not have the funds or capability to make bikes. Groundhog day.
Considering Murray and Garner were 'friends' questions why was a consortium not considered prior to administration months ago.
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You have a vivid imagination. . . . .
 
Not really, if anyone who has the serious cash to buy and make a success of it would not need to be part of a consortium. They would just buy it themselves.
As it stands Garner still owns the TM everywhere but the UK, so no matter what way you look at it a deal will need to be done that involves Garner.
 
L.A.B. said:
Switzerland isn't part EU but vehicles there still have to be EU compliant.
http://www.airqualitynow.eu/city_info/zurich/page4.php



I think you are referring to an (annual?) inspection test? That's not the same thing.

https://www.motorcycle.com/features...uro-5-emission-standards-for-motorcycles.html
Click to expand...
Yes, Switzerland is not part of the EU. If homologated as imported no further testing and no annual tests. I think ECU in delivery is adjusted to pass tests not to be best for riding...
 
Fast Eddie said:
I’m not sure what your point is other than to be disrespectful of Vincents and Broughs for some unknown reason.
Click to expand...
Just intended to make clear why I thought the PW Monocoques were not overpriced in relation to other, often far more pricey motorcycles.

The Vinni is a myth I simply had to personally experience. I am not disrespectful, I just think as a motorcycle it is seriously overrated. Though in its era it was by far the least stressful way to cover long distances at high speed. Some engineering solutions are brilliant, other features you need like a nail in the knee. But it was an original, true engineering achievement.

George Brough was but a good showman. I fail to see the individual engineering achievement in his combination of other manufacturer's products assembled to a new one. His claim to fame was to sell this as an own original product and to make it desireable for "collectors" for decades to come.
 
Qu
Madnorton said:
Someone who stands to lose £1.1M will do whatever is needed to try and recover that money, and if need be that would be to use and include garner.
Realistically, what does a consortium portray. A bunch of rich blokes that don't have the funds individually, wish to pick up the trademark. Suggests to me that a consortium would not have the funds or capability to make bikes. Groundhog day.
Considering Murray and Garner were 'friends' questions why was a consortium not considered prior to administration months ago.
Click to expand...

Question is: what powers do BDO have as to who gets to buy bits of the company?
 
In the interest of creditors, none. All they must try to achieve is the best possible return. The worst advice is to make haste. Unload what costs money for storage first and what may go out of engineering fashion, retain the TM (or what you have of it) until a serious bid comes along.
Been there, done that. Though we still store the remaining Norton rotary parts, not having the heart to scrap them. A lot of the stuff may still be there if and when my grandchildren ride electric Nortons!
 
BDO are now the directors of Norton UK and associated companies, so they control these on behalf of their pay master Metro bank. They have no control of assets not owned by these companies unless they can, using civil or criminal proceedings, gain ownership
 

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