Ricky_ 893 Posted February 14, 2012 Share Posted February 14, 2012 yeah i just seen that.I've also read other article from so called tax experts who claimed that we are likely to win, as HMRC have already lost a couple of EBT cases.It all depends really if the EBT system we used was lawful, as it seems that perhaps HMRC have a valid claim that our EBT system wasn't 'by the book' therefore illegal and money is owed.If we do lose, i think that Whyte taking everything as the main creditor, then starting again under a new name and leaving HMRC with a case against a business that doesnt exist could well be the outcome.what a f'n mess.supporting the glasgow rangers though is one hell of a rollercoaster, from helicopter sunday, the 1000/1 shot that Scott McDonald would score a last minute freekick, to this. I guess its take the highgs with the lows and hope that we do get up & dust ourselves off from this. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 I don't think it can be a surprise to Craig Whyte that HMRC are making this move. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 Did he say that, must have missed that bit. Thought he said it makes no difference on who makes the application for administration, but didn't hear him mention about who would become prefered creditorHe did say that, but also admitted that insolvency wasn't his area of expertise. He was a tax expert though and he reckons we're fucked. Quote Link to post Share on other sites More sharing options...
dan_ger 1,454 Posted February 14, 2012 Share Posted February 14, 2012 Did he say that, must have missed that bit. Thought he said it makes no difference on who makes the application for administration, but didn't hear him mention about who would become prefered creditorYeah, you might be right there actually. I was just interpreting "makes no difference" part to mean that it doesn't change creditor status. Surely that would have been something he would have mentioned, it is a massive difference in this case! Quote Link to post Share on other sites More sharing options...
JamieD 18,881 Posted February 14, 2012 Share Posted February 14, 2012 He said that he thought HMRC would be the winner of this case Erm... the club also think this, and told us so yesterday. Quote Link to post Share on other sites More sharing options...
Weird_Beard 99 Posted February 14, 2012 Share Posted February 14, 2012 If their administrators get in to run the club then it could be fatal. Quote Link to post Share on other sites More sharing options...
lau03143 80 Posted February 14, 2012 Share Posted February 14, 2012 HMRC already have their figure do they not? At least £49m?'at least' isn't a figure, they'd have to come up with a definitive value like £53,500,000 Quote Link to post Share on other sites More sharing options...
reddrock 107 Posted February 14, 2012 Share Posted February 14, 2012 Apologies, I thought that Whyte was the preferred creditor no matter what.Casey I think whyte was not expecting his bluff to be called , ( if indeed that is what has happened) the problem is that , if HMRC become a secured creditor ( lets assume 49mill ) there is no way in the world we can pay which would mean a phoenix company and unless the SPL and SFL agree diffrent we would have to start in division 3 with history deleted ( officially) that is .I am hoping against hope this is not just Whyte bluffing then being double bluffed and that there is some master plan of some description . Quote Link to post Share on other sites More sharing options...
Weird_Beard 99 Posted February 14, 2012 Share Posted February 14, 2012 'at least' isn't a figure, they'd have to come up with a definitive value like £53,500,000Don't we have a definitive figure? It will be on the tax bill we got. Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted February 14, 2012 Share Posted February 14, 2012 I presume Whyte's application yesterday was in the knowledge that this was fourth coming.That's just where I got to. Which came first, the petition or the egg... Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 I want an administrator that looks after the club, not HMRC!So do I. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 I had to laugh at fans being criticised for standing outside last night; things could get worse. We are going to have to be prepared for the lot. Also, the playing side will get interesting in the next couple of seasons. This is a trying time for Rangers; how we come out of this is anyone's guess. Quote Link to post Share on other sites More sharing options...
JM1872 3,705 Posted February 14, 2012 Share Posted February 14, 2012 'at least' isn't a figure, they'd have to come up with a definitive value like £53,500,000Yeah I'm not saying that. What I am saying is that they already have their figure, hence why they are battling us, and to them it is no less than £49m. The worrying thing is why yesterday did Whyte and similar persons say it could be substantially more than the £49m already reported. Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 14, 2012 Share Posted February 14, 2012 My understanding is that if they are successful with their application that the court and not HMRC or Rangers will appoint the administrator and as far as I am aware it wouldn't change their non-preferred creditor status. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 We would want to have our choice as admin as opposed to HMRC having that choice to make or the court.Rangers wouldn't have their choice, Whyte would. I'm not convinced that those are linked. Quote Link to post Share on other sites More sharing options...
LeeWallaceRFC 3,920 Posted February 14, 2012 Share Posted February 14, 2012 If the club don't appoint an administrator, then we are fucked. Quote Link to post Share on other sites More sharing options...
glasgowbear 1 Posted February 14, 2012 Share Posted February 14, 2012 Is this HMRC calling Whyes bluff?They dont want an administrator favoured by Whyte to come in, they want a court appointed administrator Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 14, 2012 Share Posted February 14, 2012 I would have thought that our notice of intent yesterday would have offered protection against another party applying for our administration. Can anyone confirm this? Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 Tax is a minefield; there are accountants that don't know half of it. It was interesting to see someone say that the tax expert on tv claimed not to know much about insolvency. Quote Link to post Share on other sites More sharing options...
demise 3,494 Posted February 14, 2012 Share Posted February 14, 2012 Casey I think whyte was not expecting his bluff to be called , ( if indeed that is what has happened) the problem is that , if HMRC become a secured creditor ( lets assume 49mill ) there is no way in the world we can pay which would mean a phoenix company and unless the SPL and SFL agree diffrent we would have to start in division 3 with history deleted ( officially) that is .I am hoping against hope this is not just Whyte bluffing then being double bluffed and that there is some master plan of some description . :anguish: Quote Link to post Share on other sites More sharing options...
Senna 735 Posted February 14, 2012 Share Posted February 14, 2012 I would have thought that our notice of intent yesterday would have offered protection against another party applying for our administration. Can anyone confirm this?I think the issue is that HMRC are applying for the court to appoint the administrator(s), not Craig Whyte and Rangers. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted February 14, 2012 Share Posted February 14, 2012 Tax is a minefield; there are accountants that don't know half of it. It was interesting to see someone say that the tax expert on tv claimed not to know much about insolvency.He phoned me for advice. Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 14, 2012 Share Posted February 14, 2012 I would have thought that our notice of intent yesterday would have offered protection against another party applying for our administration. Can anyone confirm this?You better tell HMRC then.... Quote Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 14, 2012 Share Posted February 14, 2012 I think the issue is that HMRC are applying for the court to appoint the administrator(s), not Craig Whyte and Rangers.Cheers JV. That makes more sense. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted February 14, 2012 Share Posted February 14, 2012 He phoned me for advice.He could do worse! Quote Link to post Share on other sites More sharing options...
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