ShaneRalfRoss 305 Posted May 16, 2010 Share Posted May 16, 2010 Tax bill is not going to sink usBy ROGER HANNAHPublished: 17 May 2010Add a comment Add a comment (0)RANGERS chiefs have moved to calm fears that a £54million tax bill could plunge them into administration.The SPL champs are fighting the taxman in a big-money row over a loophole used by several clubs.It had been claimed Gers faced a £24m 'assessment of liability' which would deepen debts of £31m.It was also reported that interest and backdated penalties to HMRC could send the tax bills spiralling to a staggering £54m and the debt rocketing over £80m.Ibrox sources last night insisted, however, the bulk of any tax bill will be laid at the door of Murray Holdings.If the taxman wins his legal fight, only a fraction of the liability would be due by Gers.Rangers have reiterated that former chairman Sir David Murray will be vigorously fighting the tax charges.A club statement read: "We can confirm there is an ongoing query from HMRC which is part of a pending court case."On the basis of expert tax advice provided to Rangers, the club is defending the matters raised."It would therefore be inappropriate to comment further at this stage."SunSport understands the Ibrox hierarchy are not fearful of being hit with a bumper bill by the taxman. Chairman Alastair Johnston has confirmed the matter is one being dealt with by Murray Holdings.He said: "It is not a new issue."Tax issues are never clear cut, but all I can say is that we have taken a lot of legal advice on the issue."I do not think it should be a material concern for us in the longer term."It's something the Murray Group have been dealing with and taking care of."Gers expect to hear back from Lloyds Bank in the next 72 hours over the budget for next term.Chief executive Martin Bain held a top-level summit with the club's bankers last week.He's eager to finalise a business plan which will allow Walter Smith to make plans for the SPL title defence.Smith has yet to confirm he'll stay as manager amid fears of savage budget cuts and the loss of key players.Gers have offered out of contract defender Kirk Broadfoot a three-year deal on improved terms.Ibrox stopper Madjid Bougherra has seen a possible £5million move to Hamburg collapse.Hamburg sacked their boss Bruno Labbadia three weeks ago and have put transfer moves on hold until a successor is put in place.http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/2975056/Tax-bill-is-not-going-to-sink-us.html Link to post Share on other sites More sharing options...
WVB 2,560 Posted May 16, 2010 Share Posted May 16, 2010 Ibrox source = Declan O Shaunessy of floor 18 flat 6 of Edmiston Drive flats.We are doomed. Link to post Share on other sites More sharing options...
lewisrfc93 470 Posted May 16, 2010 Share Posted May 16, 2010 im sick of all these "ibrox sources" Link to post Share on other sites More sharing options...
WVB 2,560 Posted May 16, 2010 Share Posted May 16, 2010 im sick of all these "ibrox sources"Its these "ibrox sources" who are sick mate.................sick of seeing us win everything whilst their hooped paedo ring win hee haw. Link to post Share on other sites More sharing options...
bombaybadboy08 15,660 Posted May 16, 2010 Share Posted May 16, 2010 So the Scottish Sun publish an article stating that we will be crippled by a tax bill and also have clubs lined up for most of our first teamers only for The Scottish Sun to publish an article saying it's ok it's MIH's problem? :lol: Link to post Share on other sites More sharing options...
Boab 73 Posted May 16, 2010 Share Posted May 16, 2010 But the NOTW and the Sun are under the same unmbrella? Link to post Share on other sites More sharing options...
PaulRFC1 115 Posted May 16, 2010 Share Posted May 16, 2010 I wonder who this Ibrox source was Link to post Share on other sites More sharing options...
slapneillennon 6 Posted May 17, 2010 Share Posted May 17, 2010 Tax bill is not going to sink usBy ROGER HANNAHPublished: 17 May 2010Add a comment Add a comment (0)RANGERS chiefs have moved to calm fears that a £54million tax bill could plunge them into administration.The SPL champs are fighting the taxman in a big-money row over a loophole used by several clubs.It had been claimed Gers faced a £24m 'assessment of liability' which would deepen debts of £31m.It was also reported that interest and backdated penalties to HMRC could send the tax bills spiralling to a staggering £54m and the debt rocketing over £80m.Ibrox sources last night insisted, however, the bulk of any tax bill will be laid at the door of Murray Holdings.If the taxman wins his legal fight, only a fraction of the liability would be due by Gers.Rangers have reiterated that former chairman Sir David Murray will be vigorously fighting the tax charges.A club statement read: "We can confirm there is an ongoing query from HMRC which is part of a pending court case."On the basis of expert tax advice provided to Rangers, the club is defending the matters raised."It would therefore be inappropriate to comment further at this stage."SunSport understands the Ibrox hierarchy are not fearful of being hit with a bumper bill by the taxman. Chairman Alastair Johnston has confirmed the matter is one being dealt with by Murray Holdings.He said: "It is not a new issue."Tax issues are never clear cut, but all I can say is that we have taken a lot of legal advice on the issue."I do not think it should be a material concern for us in the longer term."It's something the Murray Group have been dealing with and taking care of."Gers expect to hear back from Lloyds Bank in the next 72 hours over the budget for next term.Chief executive Martin Bain held a top-level summit with the club's bankers last week.He's eager to finalise a business plan which will allow Walter Smith to make plans for the SPL title defence.Smith has yet to confirm he'll stay as manager amid fears of savage budget cuts and the loss of key players.Gers have offered out of contract defender Kirk Broadfoot a three-year deal on improved terms.Ibrox stopper Madjid Bougherra has seen a possible £5million move to Hamburg collapse.Hamburg sacked their boss Bruno Labbadia three weeks ago and have put transfer moves on hold until a successor is put in place.http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/2975056/Tax-bill-is-not-going-to-sink-us.htmlObviously I'd rather he stayed till we found a worthy replacement but to be fair, I wouldn't mind Bougherra going to Hamburg. Then I could stick him on the back of my Hamburg shirt!! Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,986 Posted May 17, 2010 Share Posted May 17, 2010 So the Scottish Sun publish an article stating that we will be crippled by a tax bill and also have clubs lined up for most of our first teamers only for The Scottish Sun to publish an article saying it's ok it's MIH's problem? :lol: talk about catering for the WHOLE market Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted May 17, 2010 Share Posted May 17, 2010 Ahhh, good cop, bad cop. Link to post Share on other sites More sharing options...
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