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Tweeted this 4 minutes ago. Is this news? I thought i read this last night?

BBC Sportsound@bbcsportsoundRangers' final tax bill tops £94m: The old Rangers Football Club owed more than £94m in unpaid tax and penalties... http://bbc.in/Qia16c

Retweeted by Alasdair LamontExpand

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http://www.bbc.co.uk...w-west-19786824

The old Rangers Football Club owed more than £94m in unpaid tax and penalties, according to its administrators.

The final report to creditors from Duff and Phelps reveals that the size of HM Revenue and Customs claim against the club totalled £94,426,217.

It also shows that the administrators are claiming £3,121,683 in fees.

Creditors have until 12 October to vote on the report. When the administration period ends, the old Rangers FC will be placed in the hands of liquidators BDO.

Rangers was forced into administration by HM Revenue and Customs (HMRC) on 14 February over non-payment of tax totalling about £14m.

Third Division

Craig Whyte, who bought the club from Sir David Murray last year, was successful in having his nominated firm, Duff and Phelps, appointed.

Following a hearing at the Court of Session, David Whitehouse and Paul Clark were appointed as joint administrators of the club.

After HMRC rejected proposals for a creditors agreement that would have allowed the old club to continue, Duff and Phelps negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club which is playing in the Scottish Football League Third Division.

In its final report to creditors, Duff and Phelps states: "The joint administrators have continued to review the claims made by HMRC in the administration.

"The claims are largely made up of determinations issued by HMRC in accordance with Regulation 80, penalties and outstanding PAYE/NIC.

"The joint administrators have adjudicated on these claims and confirmed to HMRC that for voting purposes, their claim will be admitted for voting purposes at £94,426,217.22."

The majority of that figure relates to the old club's use of Employee Benefit Trusts (EBTs), on which HMRC claimed unpaid tax and penalties in excess of £49m.

October judgement

A judgement on an appeal of this assessment, which was heard at a First Tier Tax Tribunal, is imminent.

The creditors report notes: "An outcome has yet to be determined by the tribunal and is currently expected in October 2012."

Among the resolutions which creditors are being asked to approve is Duff and Phelps' fees.

The report states: "That the creditors approve the remuneration, expenses and outlays of the joint administrators in respect of all accounting periods not previously approved, being, in respect of remuneration only, £2,930,644 for the period 14 February 2012 to 29 June 2012 and £191,039 for the period 10 August 2012 to 14 September 2012."

Here is the story on their website

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Tweeted this 4 minutes ago. Is this news? I thought i read this last night?

BBC Sportsound@bbcsportsoundRangers' final tax bill tops £94m: The old Rangers Football Club owed more than £94m in unpaid tax and penalties... http://bbc.in/Qia16c

Retweeted by Alasdair LamontExpand

This isn't news.

Actually, that is their total claim, until the Big Tax Case is resolved the final figure cannot be finalised. In any event, that is basically in the past in a financial sense.

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And another thing these bastards like the cunt who tweeted this ignore that fact that HMRC put this ridiculously high figure for the purpose od trying to get the old Ltd Co to settle and when that didn't work used to to control the outcome of the CVA simple they do this time after time against companies and individuals.

But cunts like this prick do not go down that road to mention this.

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Paying close attention to the wording used by D & P clearly states that the £94 million is a maximum possible adding actual VAT and PAYE together with penalties imposed by HMRC in the event of the First Tier Tax Case going in HMRC's favour. In other words if D & P win the case then the old business will owe very much less.

But why be truthful when it suits an anti - Rangers/protestant agenda by the bigots in the BBC?

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This means NOTHING.

More to the point, it is not a definite sum.

£94m is merely, and nothing more, all of HMRC's claims to money added up.

You have the MAXIMUM amount (probably) from the FTTT which is around £70m or something which they claim was unpaid in tax - we await the panel's findings. You then have other odds and ends (small tax bills etc) plus the PAYE and NI that Taig Shyte did not pay.

Like I said, the £94m is merely all of HMRC's "creditor claims", if you wish, totalled up. I think. ph34r.gif

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http://www.bbc.co.uk...w-west-19786824

The old Rangers Football Club owed more than £94m in unpaid tax and penalties, according to its administrators.

The final report to creditors from Duff and Phelps reveals that the size of HM Revenue and Customs claim against the club totalled £94,426,217.

It also shows that the administrators are claiming £3,121,683 in fees.

Creditors have until 12 October to vote on the report. When the administration period ends, the old Rangers FC will be placed in the hands of liquidators BDO.

Rangers was forced into administration by HM Revenue and Customs (HMRC) on 14 February over non-payment of tax totalling about £14m.

Third Division

Craig Whyte, who bought the club from Sir David Murray last year, was successful in having his nominated firm, Duff and Phelps, appointed.

Following a hearing at the Court of Session, David Whitehouse and Paul Clark were appointed as joint administrators of the club.

After HMRC rejected proposals for a creditors agreement that would have allowed the old club to continue, Duff and Phelps negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club which is playing in the Scottish Football League Third Division.

In its final report to creditors, Duff and Phelps states: "The joint administrators have continued to review the claims made by HMRC in the administration.

"The claims are largely made up of determinations issued by HMRC in accordance with Regulation 80, penalties and outstanding PAYE/NIC.

"The joint administrators have adjudicated on these claims and confirmed to HMRC that for voting purposes, their claim will be admitted for voting purposes at £94,426,217.22."

The majority of that figure relates to the old club's use of Employee Benefit Trusts (EBTs), on which HMRC claimed unpaid tax and penalties in excess of £49m.

October judgement

A judgement on an appeal of this assessment, which was heard at a First Tier Tax Tribunal, is imminent.

The creditors report notes: "An outcome has yet to be determined by the tribunal and is currently expected in October 2012."

Among the resolutions which creditors are being asked to approve is Duff and Phelps' fees.

The report states: "That the creditors approve the remuneration, expenses and outlays of the joint administrators in respect of all accounting periods not previously approved, being, in respect of remuneration only, £2,930,644 for the period 14 February 2012 to 29 June 2012 and £191,039 for the period 10 August 2012 to 14 September 2012."

Here is the story on their website

What alot of shite. It is not possible for a football club to be liquidated it's only the company that can be liquidated.

Do the BBC ever get anything 100% correct?

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This isn't news.

Actually, that is their total claim, until the Big Tax Case is resolved the final figure cannot be finalised. In any event, that is basically in the past in a financial sense.

I agree, there is a hypothetical figure that can only be translated into fact by the result of the big tax case. Other sums caused by the actions may also be in question depending on any Police enquier into his actions. In other word if he stole the money and not the club. This could actually bring Nimmo Smith's comment back in to play again. Did Whyte miss-appropriate the tax money or did Rangers football club just not pay it. The law society must love this situation, think of all that money their members have made and will make out of it. To be honest there is nothing new that I can see in D&P's final report as it has been well and trully washed through the media mill many times.

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Andrew dickson even makes a comment about it. U don't usually see RFC employees making comments about things like this.

Just shows how biased the BBC are and finally everyone at Rangers are seeing this.

Andrew Dickson@rfc_dicksonI don't understand why the BBC continue to antagonise Rangers fans. Are they not meant to uphold the very highest standards in journalism?

Expand

Andrew Dickson@rfc_dicksonBBC once again guilty of 'new club' chat in their latest offering. They've been told repeatedly it's not a new club & know what the score is

Expand

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They actually contradict their own headline in the first line of the 'article'.

The old Rangers Football Club owed more than £94m in unpaid tax and penalties, according to its administrators.

The final report to creditors from Duff and Phelps reveals that the size of HM Revenue and Customs claim against the club totalled £94,426,217.

I think that sums up the current standard of 'journalism' in Scotland today I guess a basic grasp of the English language is not a pre-requisite for career advancement at Pacific Quay. We all know what HMRC are claiming its been floating around for months but it seems the BBC are obviously upset that we aren't rolling over any more.

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I agree, there is a hypothetical figure that can only be translated into fact by the result of the big tax case. Other sums caused by the actions may also be in question depending on any Police enquier into his actions. In other word if he stole the money and not the club. This could actually bring Nimmo Smith's comment back in to play again. Did Whyte miss-appropriate the tax money or did Rangers football club just not pay it. The law society must love this situation, think of all that money their members have made and will make out of it. To be honest there is nothing new that I can see in D&P's final report as it has been well and trully washed through the media mill many times.

The information was available in the D & P report of 5th April this year. BBC simply raking up this because of the RFC actions last week when they were banned from the pre-match press conference. They deliberately mention "formed a new club" and other such misinformation. We should actually ban them from everything we can. The cameras may have to be allowed in contractually but we have no need to accommodate them for anything else.

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Some people still have a problem, or choose to have a problem with understanding the diffirence between new club and new co.

It's hardly surprising though when our great BBC, Scottish branch, continually report it as so.

I take it there's not a complaints body for arseholes journos!

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Hahaha, so we ripped the tax man off for a near £100 million, Christ the nappy rippers will be apoceltic. :happy:

Not really ( although the nappy rippers dont seem to understand this) the majority ends up being interest and penalties. I dont understan why they do this as companies will fold before paying 'one thin dime' of the bill.

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