Rangers' tax bill is £6m higher than previously thought

[jdocherty72 215]

Craig Whyte

[GMac 1,405]

How can we be owe £5million in vat ? vat is 20% which means in 9 months we would have had to have sold £100 million worth of assets to be due that

£25 million worth of season tickets at 20%

[BearAbroad 42]

How can we be owe £5million in vat ? vat is 20% which means in 9 months we would have had to have sold £100 million worth of assets to be due that

eh??

[GOAT 30,449]

I warned you from the start about this con man.

I was told stories about him from certain people from the very beginning and I knew they were true.

If this club is ever run again by one man, I may think twice about where my money is going.

[BRITNEY IS NOT FEELING IT 8,293]

I'm starting to think that Craig Whyte isn't all he appears to be.

D'you think he could be a taig ?

[Jimfanciesthedude 24,548]

I'm starting to think that Craig Whyte isn't all he appears to be.

whyte was never all he appeared to be, we just hoped that no matter what he done it would rid us of the big tax case

[chris182 6,297]

BOOOOOOOORING

[gunslinger 270]

How can we be owe £5million in vat ? vat is 20% which means in 9 months we would have had to have sold £100 million worth of assets to be due that

20% of 100 is 20.

[gunslinger 270]

whyte was never all he appeared to be, we just hoped that no matter what he done it would rid us of the big tax case

to replace it with 27 million to ticketus and 15 million to the tax man with no catering income. etc.

masterplan.

[Imodium 411]

It's £6m more this week and wouldn't be surprised if another couple of million are added on again next week. Whyte has taken us for a ride and there will be interesting news from Strathclyde Police no doubt in the coming days.

[GMac 1,405]

to replace it with 27 million to ticketus and 15 million to the tax man with no catering income. etc.

masterplan.

We potentially owe £49 million for the tax case. Whyte has more or less doubled our debts. Guys a genius.

At what point does it become cheaper just to start a brand new club from scratch with a new stadium? Not suggesting it mind, just illustrating how grim it is.

[Deanow 72]

It's £6m more this week and wouldn't be surprised if another couple of million are added on again next week. Whyte has taken us for a ride and there will be interesting news from Strathclyde Police no doubt in the coming days.

Hope so

[gunslinger 270]

We potentially owe £49 million for the tax case. Whyte has more or less doubled our debts. Guys a genius.

At what point does it become cheaper just to start a brand new club from scratch with a new stadium? Not suggesting it mind, just illustrating how grim it is.

whatever point it is whyte will make sure we reach it. or already has.

[marmalade1872 40]

We potentially owe £49 million for the tax case. Whyte has more or less doubled our debts. Guys a genius.

At what point does it become cheaper just to start a brand new club from scratch with a new stadium? Not suggesting it mind, just illustrating how grim it is.

as of this moment in time the big tax case has not been decided so we owe he haw to that

[psychobudgie 55]

So in a nutshell, Whyte bought Rangers for £1, paid off the debt to Lloyds by borrowing....sorry selling 25% of the Season Ticket income for 3 years, before he had actually bought the club for £1. put the £20 million in his own company first and not paid any VAT on it, effectively doubling the clubs debt to the taxman and moving the clubs £20 million debt from Lloyds to him.

He's down a £1 but potentially up £20 million and the club is in the shit. He does realise if this turns out to be as bad as it looks, there is every likelihood that his statement that 'he doesn't do walking away' may turn out to be the only true thing he's uttered in years.

[tartansmokie 36]

It's just getting worse and worse. It's getting to the stage where some other revelations are coming to light on an hourly basis not a daily basis now.

The cunt Whyte should be hounded to the ends of the earth for what he has done to Rangers

[Jimfanciesthedude 24,548]

can someone work this out

according to the BBC there (im not doubting it or defendibng whyte) they said that the money that HMRC got ringfenced for the wee tax case was used to clear the VAT bill owed on the ticketus deal

how is that allowed, i thought ring fenced money meant it cant be touched by anyone, how then could HMRC use it to pay a different bill

thats like your bank going into your account to pay a debt on another account you have with them, is that not illegal?

[theySTILLKNOW 80]

So whyte fucks Rangers for ticketus money,doesn't even put it through our accounts,but we have to pay the tax on it.INSANE!

[gunslinger 270]

can someone work this out

according to the BBC there (im not doubting it or defendibng whyte) they said that the money that HMRC got ringfenced for the wee tax case was used to clear the VAT bill owed on the ticketus deal

how is that allowed, i thought ring fenced money meant it cant be touched by anyone, how then could HMRC use it to pay a different bill

thats like your bank going into your account to pay a debt on another account you have with them, is that not illegal?

banks do this all the time.

they will move money from your savings to cover a direct debit.

we are no longer appealing the small tax case so the cash is theirs. what they apply it to is neither hear nor there.

[sassaaaa 11,406]

I thought all the talk of liquidation was a complete joke but am beginning to think thats where we are heading .

Also the administrators obviously have something of interest for the police and i hope it leads to Whytes arrest , and ultimately Murrays to .........

[Mikhailichenko 90]

banks do this all the time.

they will move money from your savings to cover a direct debit.

we are no longer appealing the small tax case so the cash is theirs. what they apply it to is neither hear nor there.

Why would they apply it to another bill and why would they tell all and sundry?

[gunslinger 270]

Why would they apply it to another bill and why would they tell all and sundry?

because they are yahoos.

[Mikhailichenko 90]

because they are yahoos.

fair enough.

[southcoastbear 1,639]

I would reckon £5m of that will be the VAT on ticketus deal which we knew about already, they are just adding it all together to make a story. Diappointed in STV more a record thing to do.

[Jimfanciesthedude 24,548]

banks do this all the time.

they will move money from your savings to cover a direct debit.

we are no longer appealing the small tax case so the cash is theirs. what they apply it to is neither hear nor there.

so why pay the VAT and not the older bill, is it not better to close an old account than to keep it open, especially as it must be accruing interest and penalties