Interesting Development

[Gillete 1,338]

Is tax not 20% ?

[bluegecko 306]

Is tax not 20% ?

the lower bracket yes

[robbie54 1]

No-one can deny there is a tax case going on. Its fact and we all know it. At first, its fair to say many of us didnt believe it, but it came to pass that we were going to defend a particular policy we used over a period of 10 years to pay some of our staff.

You could of course be mistaken for thinking it is Celtic who are facing this tribunal and bill as its the number one topic on all of Celtic Tinternet land. There is no talk of being SPL Champions(oops), no talk of playing in the Champions League (oops), no talk about how they have outmastered their rivals over the past 3 years (oops) and amazingly no talk about how bad things really are over there that the team they are all laughing at......are in fact shiting all over them.

But anyway, i digress.

Anyone who has read some of the stuff written or has heard stuff said on the radio will be more than aware that 2 people in particular, one residing in Donegal and the other in Philadelphia are SO CLOSE to the case that they have saw the physical bill plus penalties that sits on the desks of Rangers Football Club Finance Department. Its £24 million + £12 million + £some other gazillion.

Yet, curiously, both these guys have to date, not shown one single shred of evidence to support this theory.

To counter it though, our ex Chairman back in November said "the potential bill was undetermined at this stage"

Our current Chairman in May also stated "At this moment in time, there is no liability to HMRC"

But despite these claims by 2 Rangers Chairmen, The Donegal Dunse and the Philadelphia Phanny stated they were lying and that they had sight of the bills.

I have only 2 minutes ago received an e-mail from a very good friend who is in the same hospitality section as me at Ibrox every second week. Someone i trust implicitly. Turns out, he has had an interesting conversation with a chap who has a Freedom of Information document from HMRC which shows the exact amount of outstanding TAX due to HMRC from ALL clubs in the Scottish Premier League(and SFL) as at 1st May 2011.

HMRC are careful to note that the outstanding figure DOES NOT INCLUDE "debt liabilities of clubs that cannot pay the full sum up front and have agreed a payment plan spread over a period of time."

Given that Rangers have not agreed to a payment plan, then it can only be concluded that if there indeed exists a tax liability at this stage, then it will be included in the total amount of Tax debt in Scotland.

That total is £161,962.

hmmmmmmpphh

Now let me be clear about something here before anyone gets excited. This doesnt mean "telt ye, we've won it" or anything remotely like that. What it means, to me, is that as things stand, just as AJ said and just as CW said, there is no liability due to HMRC and no physical tax bill lying on anyones desk.

That is not to say that HMRC will not win this case, then create a tax bill, which may be a £1 or £100 million, but it is further evidence that just perhaps, Dunse and Phanny have been led up the garden path.

For all lurkers, feel free to report back for an update from Donegal. American timeline will give them some time to get their Dougie Dougie ducks in a row for all the lemmings to ponder over.

But before you do ghuys. You should note that included in the debt for Welsh clubs is a debt relating to Neath FC. Neath are disputing they owe it. HMRC say they do. No payment plan has been agreed. Its in the figures.

Sorry for the long windipoohs post.

I read About the foi report today on an English site but didn't understand it! Here it is.

http://www.sportingintelligence.com/2011/06/16/premier-league-clubs-clear-tax-arrears-as-football-governance-report-looms-160602/

[TheLawMan 6,240]

I read About the foi report today on an English site but didn't understand it! Here it is.

http://www.sportingintelligence.com/2011/06/16/premier-league-clubs-clear-tax-arrears-as-football-governance-report-looms-160602/

That's the very one and the very guy.

[trevelyan 44]

All we know is that it is for an undetermined amount and that our custodians believe they will win it.

If im honest, im not as confident as them about that

I also have been following this case with interest. Vic and the gobblegiver are back tracking slowly but surely on CM.

In fact the latter posts very rarely these days. Hope your right mate as those two clowns will be sick

[Martin Luther 53]

I also have been following this case with interest. Vic and the gobblegiver are back tracking slowly but surely on CM.

In fact the latter posts very rarely these days. Hope your right mate as those two clowns will be sick

hes fucking shiting it big time only a matter of time before he slips up and is back slandering like fuck in the SDM years.

[Johnson 27]

Some absolutely spot-on points there Weiss Man.

However, there have obviously been fears at board level (before the recent cull).

The Independent Board Committee of The Rangers Football Club P.L.C. said on 6 May:

“The IBC is concerned about a lack of clarity on how future cash requirements would be met, particularly any liability arising from the outstanding HMRC case."

We can ignore the wishful thinking of Celtic fans looking for something to smile about as they face up to another Champions League-free season and we can also ignore the made-up figures they are bandying about.

They're hurting.

[robbie54 1]

I also have been following this case with interest. Vic and the gobblegiver are back tracking slowly but surely on CM.

In fact the latter posts very rarely these days. Hope your right mate as those two clowns will be sick

He is right. I've just text you the link, but it says undeliverrd. Either your phone or my phone is playin up. You can torment Phil forever!

[PeterheadBear 1]

Wait a second though, didn't we still owe that "unexpected" £2.8mill bill at 5th April? From the reports at the time it didn't sound like that had been paid by the end of the tax year?

[PeterheadBear 1]

the higher rate (income tax) only came into being April 2010, long after our supposed tax avoidance.

Though all this talk is pure speculation on everyone's part. No one here knows the truth nor will we until it's all over, but the OP does make a valid point regarding those who try to bury us prematurely with their lies

What do you mean? Higher rate tax brackets have been around for far longer than since 2010.

[trevelyan 44]

He is right. I've just text you the link, but it says undeliverrd. Either your phone or my phone is playin up. You can torment Phil forever!

Three weeks in Orlando with no phone. All working again. Oh and when the last one is confirmed I will

[bluegecko 306]

What do you mean? Higher rate tax brackets have been around for far longer than since 2010.

if you had read gunslingers post I quoted I was refering to the higher rate increase from 40% to 50% as of April 2010

[gunslinger 270]

it was in the Jan accounts we had the cash to pay it. though whyte has committed to pay it. its possible rangers paid it before April and were reimbursed

[TheLawMan 6,240]

Wait a second though, didn't we still owe that "unexpected" £2.8mill bill at 5th April? From the reports at the time it didn't sound like that had been paid by the end of the tax year?

We did. You are correct. That is clearly covered in the "Excludes any debt that a club has agreed to pay over a period of time"

Rangers have accepted that bill from HMRC and as per the circular released, Craig Whyte agreed to pay it. Clearly the club have agreed a cut off date with HMRC citing the takeover as a delay tactic and HMRC have agreed to it.

[pcbear 10,913]

If its anything like the experience i had yesterday with HMRC { i have a ltd building company and i pay my subcontractors net, eg i stop them 20% tax then by the 19th of each month i pay that tax money to HMRC} it will take forever just to find out who to pay it to, i usually pay by cheque each month but it was getting a bit close to the date the money was to be cleared to the revenue so i tried to pay online, or i get a £100 fine.

Easy eh! was it fuck, i spoke to about three different helpline people all gave me differing advice that confused me further, i did eventually get it done although my payment went to the wrong place Cumbernauld instead of Shipley, i did call again after i realised that had happened and was told it would be ok, lets wait and see.

Two feckin hours instead of writing a cheque that takes a minute, who said technology is king, sometimes the old ways are the best.

If The Rangers tax case is complicated we will all be well dead the time the correct bill is worked out, then it will take another couple of years to process the payment.