Creampuff 22,628 Posted February 19, 2012 Share Posted February 19, 2012 Any positive news is welcomed. Quote Link to post Share on other sites More sharing options...
topgoalie 637 Posted February 19, 2012 Share Posted February 19, 2012 we will just have to wait in the outcome,but tell u what how anybody can listen to that cunt Darrell king is that what you call the dick salivating at the mouth with his scoops,fkn cunt of a man,Rangers supporter my arse,he is an attentioon seeker just like that brines today,they know when the media is on them,otherwise they would be as insignificant as me and you...... Quote Link to post Share on other sites More sharing options...
RFC55 110,176 Posted February 19, 2012 Share Posted February 19, 2012 Not as simple as that - HMRC could (would) have appealed and we would have been faced with months or years of uncertainty. At least this way we can end it.Any quotes from HMRC on that or just that bastion of truth which is Craig Whyte? Quote Link to post Share on other sites More sharing options...
RFC55 110,176 Posted February 19, 2012 Share Posted February 19, 2012 The administrators statement tonight would perhaps call the above into question.Remember, its only Whyte that has said this and he has a huge history of telling porky pies to us all Also surely an appeal can only be formed on legal grounds if there is a case for it? Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted February 19, 2012 Share Posted February 19, 2012 How the blazes did an optimistic story get into the Scottish press Quote Link to post Share on other sites More sharing options...
stampyurie 203 Posted February 19, 2012 Share Posted February 19, 2012 Any positive news is welcomed.Positive news? No we wont be having that. Doom and gloom please. Quote Link to post Share on other sites More sharing options...
RFC55 110,176 Posted February 19, 2012 Share Posted February 19, 2012 Even if we win, HMRC, have made it quite clear that they intend to appeal again and again...The saga needs to end.Again they cant keep doing it, new evedince etc would need to be brought to the table. They wont be able to just keep going, if the appeal judges look at it they may never even get the chance to have their day in court Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted February 19, 2012 Share Posted February 19, 2012 Excuse me if I'm being daft, but did Paul Clark not say uncertainty has been one of our Club's worst enemies. Surely this tax case hanging over us for even longer would be just as bad, if not worse as losing it? Quote Link to post Share on other sites More sharing options...
JCDBigBear 10,864 Posted February 19, 2012 Share Posted February 19, 2012 I posted this on a previous thread tonight but it is still relevant here.At this point in time there has been no decision on EBTs in our case. In the event that HMRC actually wins the case RFC will be asked to pay tax which they had not paid at the time as they were advised that no tax was due. There is/was no criminality. It was not a devious ploy to evade tax. Everything was in the open, in the accounts and cleared annually by the accountants. At the moment the case is based on interpretation of the tax rules at the time. If it was crystal clear we would not be waiting on a 2 year old tax case result. Even if RFC is found to be liable (please note I do not mean guilty) for tax on the EBTs there will be no criminal charges. No one will have committed a crime in relation to EBTs. If we lose the case we will be due to pay whatever sum to HMRC. That may put us deeply in debt but since when has indebtedness been a crime? Man U are in debt, Liverpool are in debt, Barcelona are in debt. How many other clubs? There has been no deliberate attempt by RFC to defraud anyone (at least before Whyte) to help us win any trophies. I will add that if HMRC was almost guaranteed to win, then the claim would not have lasted 2 years. They are also unlikely to have said that if they lose they will "appeal, appeal and appeal again". That sounds more like someone who is likely to lose the first round. We can but hope. Quote Link to post Share on other sites More sharing options...
Thermopylae 15,287 Posted February 19, 2012 Share Posted February 19, 2012 Unfortunately though these clubs have huge television revenues to fall back on where as we get just over 1 million quid per season ... but I agree with what you say there is a lot more cause for optimism that you get in the scottish mhedia Quote Link to post Share on other sites More sharing options...
Johnstone Burgh 1,658 Posted February 19, 2012 Share Posted February 19, 2012 whytes fanboys won't like this. Quote Link to post Share on other sites More sharing options...
Gerwelly 115 Posted February 19, 2012 Share Posted February 19, 2012 Sounds too good to be true. Quote Link to post Share on other sites More sharing options...
AlbertzLoyalRSC 18,123 Posted February 19, 2012 Share Posted February 19, 2012 in my last employment i had the choice to use something similar to an ebt (umberla company, of shore ( jersey, i believe), not anywhere near the amount these guys where making. i would probably been earning £50 per month more but rejected as was worried when i get paid of social would do me. after getting paid off in nov 11 i was told i was lucky i was not in this scheme as i would not have got dole money due to this becoming an unfair way of being paid last year. now this was only decided it was unfair from last year (2011) so how and why can hmrc bring this back to 2001?That made me laugh!!50 quid a month? Quote Link to post Share on other sites More sharing options...
Sicknote 26 Posted February 19, 2012 Share Posted February 19, 2012 I think it will probably end up being a partial loss/win. Probably a bill in the region of £10-15mThat however, is based on nothing but my own feelingsHave always believed that myself, that we have used the scheme properly in some instances and bent the rules in others. Not as optimistic as yourself (£10-15M) - was thinking around £30-£35M. Again, like you, this is based on little more than a feeling. Quote Link to post Share on other sites More sharing options...
Ted E Bayer 490 Posted February 19, 2012 Share Posted February 19, 2012 One worrying thing I heard today was that the decision isn't expected until April, which is obviously after the euro deadline, so I'd imagine we'd stay in admin until then at least. Mind you, Darrell King said we could theoretically agree a maximum price with HMRC prior to the outcome. (I'm assuming this scenario means that we pay nothing if the case is won by us, or pay up to the amount we agreed if we lose). I'm not sure how this would affect us in terms of being able to leave administration before April though.Sorry to be negative but the way we are playing we're unlikely to get a euro spot Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,943 Posted February 19, 2012 Share Posted February 19, 2012 thought the whole administration thing was that if we win HMRC would just appeal anyway for the next god knows how long Quote Link to post Share on other sites More sharing options...
blueben_d 40 Posted February 19, 2012 Share Posted February 19, 2012 Sorry to be negative but the way we are playing we're unlikely to get a euro spotEven if we do, with a cut back squad we're likely to lose first round qualifiers and not get any significant income from Europe Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted February 19, 2012 Share Posted February 19, 2012 thought the whole administration thing was that if we win HMRC would just appeal anyway for the next god knows how longYes according to Whyte....Who never borrowed money from ticketus Quote Link to post Share on other sites More sharing options...
jmo21 15 Posted February 19, 2012 Share Posted February 19, 2012 EBTs are believed to have been run by around 5,000 businesses in the UK, including football clubs south of the Border. They became illegal in December 2010 but, until then, firms had been able to exploit the tax laws to provide sums to employees without PAYE or National Insurance as long as these were in the form of discretionary, repayable loansSo ebt bacame illegal in December 2010 , so cannot see hmrc being allowed to go back further than that if it was legal beforehand ffs. I better start paying all they fines for throwing away my cigarette ends for before it became illegal There are so many daft statements on here.So why has there been such a big case and fuss been made about it?They WERE perfectly legal, HMRC's allegation is we incorrectly administered the ebts, rendering them an illegally implemented ebt. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 19, 2012 Share Posted February 19, 2012 if we do the hatred of whyte will reach astronomical levels. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 19, 2012 Share Posted February 19, 2012 thought the whole administration thing was that if we win HMRC would just appeal anyway for the next god knows how longso what. Quote Link to post Share on other sites More sharing options...
DietofWorms 2,067 Posted February 19, 2012 Share Posted February 19, 2012 if we do the hatred of whyte will reach astronomical levels.And Whytes fanboys..will they like that? Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,943 Posted February 19, 2012 Share Posted February 19, 2012 Yes according to Whyte....Who never borrowed money from ticketushas anyone came out and disputed whyte's claim's about HMRC? Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted February 19, 2012 Share Posted February 19, 2012 And Whytes fanboys..will they like that? I don't believe whytes fanboys will like that at all. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted February 19, 2012 Share Posted February 19, 2012 It was Whytes PR people who said HMRC would contest it again and again.I genuinely don't believe that option was opened to them.My belief is Whyte is using that to explain what he has planned since day one. Quote Link to post Share on other sites More sharing options...
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