GMac

This I think is the only real defence for Whyte. Few people buy clubs with their own money so Whytes no different than the rest. But if you're out for a quick buck then buying any football team never mind one thats facing a masssive tax bill is the last thing you'd do. And what if someone comes a long and makes an offer for the club, could the administrators accept it even if its not enough to pay off Whyte? Would Whyte be forced to accept it?

Pint of arsenic? Look its only a game not worth takin your life

Is it all VAT?

Been accumulating since he took over I think. The tax and NIC is due each month.

Sounds about right otherwise Whyte could pay celtics opponents a bonus to kick fifty colours of shit out them. Used to do this in Spain apparently.

Sure there would be a rule against it but then again was keane not paid directly by a director rather than the club? Honestly don't know.

Never rains but it pours, thank fuck i'm going to the Whitney Houston gig tomorrow night. Take my mind off things.

A. Your'e in the pub and someone buys you a pint but it turns out you don't have enough to buy a round back. B. You're in the pub and someone nicks the kitty and fucks off with it. Thats the difference.

Best post i've read on the site. Is it possible to sing No Surrender non stop for 90 minutes?

Can imagine the chairman of Ticketus right now, " right, what stupid cunt gave out a £20 million loan to Whyte?" Just can't understand these business types.

But its the difference between being eaten in half by a shark and being eaten whole. We can't trust anyone.

Its a fuckin minefield. With the EBT thing we could at least claim ignorance. I know HMRC, and when it comes to VAT or Employers tax and NIC they will pursue you til the end of time because it is tax that has already been paid for by customers or employees. I've known of cases where people are due to pay VAT but are also due tax refunds because they have suffered CIS deductions, but the contractor hasn't paid the CIS deductions over to HMRC. HMRC will still pursue the VAT because it has already been paid for by the consumer. Decent people go bust and lose their businesses because of this.

He's not giving £9 million away. The £9 million is money that has been deducted from employees wages and not passed over to HMRC. This is technically more serious than the whole EBT thing. Its one thing for HMRC to go after money that was never deducted from anyone, but this is the tax and nic that employees have had deducted out their wages. I really think we're fucked. And no i'm not a tim. HMRC will show no mercy on this.

This simply isn't true. Rangers thought they were exploiting a legal loophole but they got it wrong, therefore not avoidance. No one has ever been penalised for tax avoidance, it is by definition impossible.

Know how you feel, tax is taxing. My understanding is that we simply went about it wrong, we thought it was an avoidance scheme that was legal but we fucked up and it turns out it was illegal therefore not avoidance. I'm going to give up now because i'm beginning to act like a fuckin tim

Never said they would. The evasion was carried out by a LTD company which is a legal entity in its own right. Unless their was any financial gain by those running the scheme then there wouldn't be any criminal prosecution against employees. Players wouldn't be touched, the onus is on the employer to operate the PAYE system. If Rangers didn't then its plain evasion. No one has ever been done for avoidance. Avoidance schemes have been closed down or challenged in court and deemed illegal, but never penalised or prosecuted.

You can't be found guilty of avoidance. It is not retrospective. The government can close loopholes, if you then continue with the scheme after legislation then it is evasion.

Avoidance is legal. What Rangers were doing wasn't avoidance it was evasion assuming the tribunal finds in favour of HMRC. If it was avoidance then we would be in the clear. Avoidance is when you essentially act within the letter of the law but not in the way Parliament originally intended: spirit of the law.

So Greece's financial woes were a result of holding the Olympics? And how did our tax bill reach £75 million. Fuck it I think HMRC are lumping Goldman Sachs tax bill on to us.

Listen to them? Give up your job as a priest. All that listening to peoples confessions darkens the soul. You're the saddest individual. It would be easy to call you names but I genuinely think you need help.

You have a rather unhealthy obsession with paedos. Are you sure you're not a tim?

Was going to go after lighting a candle for Whitney Houston. Hate all that wallowing in self pity bullshit.

Great player. Would you risk him in an OF match though. Some dirty cunt would be right in about him. Think it will depend on how close we are, one class act can make the difference.

And his kids are called TatiMunshsa and Timbasa so there's are pattern developing here.

Thank fuck i'm not the only one. Clocks, jelly, ice cream, pedo priests, I thought i'd dropped in to a discussion on a Salvador Dali painting. I'm sure the time will come when all these tims will become so obsessed with Rangers that they'll end up buying season tickets and bail the club out.