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among club figures linked to £434million tax dodge

06:00, 12 OCT 2016

UPDATED 10:26, 12 OCT 2016

BY JOHN FERGUSON

A RECORD investigation reveals the Parkhead chief executive, along with several former players and managers, are linked to a massive tax dodge.

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CELTIC supremo Peter Lawwell and other club figures have been linked to a £434million tax dodge.

A Record investigation reveals the Hoops chief executive, along with several former players and managers, invested in a number of controversial film partnerships set up by London firm Ingenious.

Caretaker England manager Gareth Southgate was recently hit with a huge tax demand because of his involvement in the finance vehicles.

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HM Revenue and Customs have branded the Limited Liability Partnership (LLP) schemes as sophisticated tax avoidance.

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And they have issued multi-million-pound bills to hundreds of Ingenious clients all over the UK after winning a tax tribunal victory.

The LLPs allowed members to offset losses made on film 
investments against their tax 
liabilities for other income.

Companies House records show Lawwell and former manager Martin O’Neill became members of 
Ingenious’s Inside Track 3 LLP in 2004.

Ex-manager and player Neil Lennon was a member of Ingenious Film 
Partners 2 LLP between 2006 and 2011.

Former Celtic and Scotland star Gary Caldwell is an investor in Inside Track 3 LLP and Inside Track 2 LLP, while he resigned from Ingenious Film Partners LLP in 2010.

The Parkhead club’s former finance director Eric Riley is also a member of Inside Track 3 LLP.

Celtic chief executive Peter Lawwell with finance director Eric Riley

Momo Sylla meanwhile joined up with Inside Track1 LLP and Ingenious Film Partners LLP.

Ingenious have admitted all of the above partnerships were covered by the tax tribunal ruling.

While declining to comment on specific cases, an HMRC spokesman said: “HMRC continue to challenge schemes that try to exploit tax reliefs.

“Avoidance does not pay. Most schemes simply don’t work and users end up having to pay all the tax due plus interest.

READ MORE

Companies House records show how former Celtic stars invested in film schemes linked to tax dodge

“Many will be worse off than if they had just paid the right tax up front.”

Ex-Celtic star Craig Bellamy 
also joined schemes linked to Ingenious in his time at Parkhead – Cherwell Films LLP and Orwell Films LLP.

All of the LLPs have their registered headquarters at 15 Golden Square in London – the same address as the main Ingenious group.

A number of other former Celtic players – Bobby Petta, Chris Sutton, John Hartson, Stan Varga, Alan Thompson and Johan Mjallby – were also involved in other LLP schemes.

READ MORE

Celtic and Rangers heroes among football stars facing financial ruin as HMRC send cash demands over tax avoidance schemes

Petta was a member of The Film Development Partnership 11 LLP, while Sutton joined WRP Dryvac LLP.

Varga was involved with The Gala Film Partners LLP, Innvotec 3LLP, Innvotec 6 LLP, and The Invicta Film Partnership No 23 LLP.

Thompson was a director of three schemes and Mjallby two.

Hartson was a director of 
The Mamjam Technology Platform Partnership LLP, and The Casedirector 
Technology Partnership LLP, along with Lennon.

In 2012, Hartson and Lennon went to court to try to get money back after the schemes failed and the taxman cracked down. Lennon had put £200,000 into the partnerships in 2003 after being told it would save him almost £500,000 in income tax.

But he only got £80,000 of his cash back after the Inland Revenue said the schemes were against tax rules, and the investments failed.

Mr Justice Hamblen rejected the case for compensation, and ruled there were “obvious risks” in “aggressive tax schemes” that would allow members to almost immediately double their money.

Reuters

John Hartson was an integral part of Celtic's success under Martin O'Neill

Former Hibs, Dundee United and Celtic star Darren Jackson was made bankrupt with debts of £270,000 last year. The majority of the cash was owed to the taxman and related to 
investments in a film production scheme.

Last week, it emerged Southgate 
was caught up in the Ingenious 
dispute. The 46-year-old former England player invested in Inside Track 3 LLP and Inside Track 1 LLP.

From 2002 to 2010, Ingenious attracted high earners from many walks of life.

As well as the Celtic players and management, former England stars David Beckham and Gary Lineker and telly favourites Ant and Dec were involved.

Hundreds of millions was invested and Ingenious genuinely helped to finance major films including Avatar and Life of Pi.

But the company claimed £1.6billion in losses and individuals who were partners in LLPs were then lawfully able to write off losses against other income.

However, following the tax tribunal ruling, investors have been hit with bills totalling £434million in unpaid tax – plus interest and legal fees. The total tax relief claimed by Ingenious investors was £620million.

Aberdeen chairman Stewart Milne, former St Mirren caretaker boss Gary Teale and ex-Scotland captain Gary 
McAllister are being probed over
investments in schemes including Inside Track Productions, Ingenious Film Partners 2 and Ingenious Games LLP.

READ MORE

Former Celtic and Scotland striker Darren Jackson made bankrupt with debts of £270k

According to Companies House, former Aberdeen stars Stephen Glass and Eoin Jess and ex-Rangers striker Billy Dodds also invested.

Members of Inside Track 1 LLP include film director Guy Ritchie, former BBC news reporter Kate Adie, singer Craig David and footballers Emile Heskey and Martin Keown.

Legislation put in place by former Chancellor George Osborne has allowed HMRC to re-examine the legality of more than 1000 schemes used by the rich and famous.

This has led to hundreds of 
accelerated payment notices being served on former and current 
footballers. HMRC can demand the huge bills be paid up front before any legal challenge.

Many players who were making large amounts during a short earning peak now face bills from the taxman that threaten to ruin them.

Rangers legend Gordon Durie went bust owing more than £200,000 this year.

Former Rangers coach Gordon Durie

The former Scotland international declared himself bankrupt with assets worth just half his liabilities.

Durie, 50, was a director of Eclipse Film Partners No.9.

A spokeswoman for Celtic last night said the club wouldn’t be commenting on club figures linked to film schemes.

A spokesman for Ingenious said: “The film partnerships run by Ingenious have already generated over £1billion in taxable income for the UK Treasury, with a further £1billion to come over the lifetime of the films they funded.

“They helped bring movies like Avatar, Life of Pi, Best Exotic Marigold Hotel, The Girl with a Pearl Earring, Shaun of the Dead and Hot Fuzz to the screen and are clearly run for profit.

“HMRC have consistently failed to distinguish between commercial 
businesses and tax avoidance schemes and have … deemed all film 
arrangements to be tax schemes.”

========================

Admin please put this where you want but in my opinion it is absolutely Bears Den related (we were fucked for similar ) and ultimately this stuff needs highlited. 

This is a once in a lifetime chance to attack them......

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NEIL Lennon believes Rangers will have been guilty of cheating if failure to emerge victorious from what has become known as the big tax case is added to the Ibrox club’s current woes. Lennon, when asked his position on the call from some Celtic supporters to strip Rangers of their titles in the event of the club being found guilty of tax evasion, referred to use of the expression “financial doping”. The manager explained that he didn’t know the club’s position on the matter, but in his eyes “doping is a sporting term for cheating”. He added: “In athletics, if you are caught doping you are banned. Alberto Contador got stripped of his Tour de France win in 2010, so there are precedents.

Read more at: http://www.scotsman.com/sport/football/teams/celtic/neil-lennon-rangers-cheated-us-if-they-are-guilty-of-financial-doping-1-2124665

 

Ain't Karma a Bitch!

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1 hour ago, gmcf said:

Has anything changed that has made this come out again 3 or 4 years later ? 

Gareth Southgate is current England manager so it's front page stuff again.

Oh and hmrc win in court and can now go after them all individually. 

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6 hours ago, deco19761 said:

Breaking news 

Point being that when it was us there were centre spreads, book written, folk made careers out of it and journalistic and investigative awards were won.

The rhebel of all msm have run with it yet we have some treat it as if its already yesterday's news.

Not only our strikers that miss clear opportunities......

 

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Tax avoidance schemes are everywhere,Nearly all the rich and famous have used some sort of avoidance scheme, Even Tony Blair and David Beckham use them, The HMRC just seem to be picking on those who they suspect owe them a couple million,While leaving the companies who owe billions alone. They seem to be picking cases where the person in most cases will just go bankrupt,.  The HMRC needs to rewrite the rulebook. 

 

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6 minutes ago, Sportingintegritymyarse said:

Point being that when it was us there were centre spreads, book written, folk made careers out of it and journalistic and investigative awards were won.

The rhebel of all msm have run with it yet we have some treat it as if its already yesterday's news.

Not only our strikers that miss clear opportunities......

 

Point being what you said, IT'S US.

The rebel could of printed this 3/4 years ago when Rangers fans were digging it up but we're the bigger fish and their main journos hate us more.

To me that's why Sellick as a club have said nothing officially about Rangers and tax because they were at it as well.

What's the chances this will be "forgotten" because Sellicks image and name is so important. Big Jock knew and now it's Big Pete knew.

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Supreme Court has ruled on this that's why it's news again. If folk are seriously trying to claim that celtic football club didn't have anything to do with a large majority of its employees avoiding huge tax bills then they are living in cloud cuckoo land. 

No wonder everybody in Scottish football rides roughshod over us. 

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56 minutes ago, KeyserSoze said:

It's not a shellick run scheme. If anything does come of it it will be individuals who are fuckrd not the club ?

booo

As much as I want the Bheasts fucked for anything (I would hang the cunts for a parking ticket), this is it in a nutshell and as much as it pains me - it's in no way comparable to us using EBT's.

Liewell will just claim that Bheast FC paid their wages and deducted tax at source - with HMRC receiving full tax and NI contributions...with the individuals themselves opting to pay into a scheme. Club honoured it's full fiscal duties blah blah blah.

If HMRC are successful in going after anyone who used this scheme, then there's quite a few of our ex-players who will also be receiving a letter through the door.

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20 minutes ago, Courtyard Bear said:

Supreme Court has ruled on this that's why it's news again. If folk are seriously trying to claim that celtic football club didn't have anything to do with a large majority of its employees avoiding huge tax bills then they are living in cloud cuckoo land. 

No wonder everybody in Scottish football rides roughshod over us. 

(tu)

The chances that selick did not point their players in the direction of this scheme are nimiscule IMO, and we need to keep this highlighted as much possibly. 

Karma can indeed be a bitch. 

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3 hours ago, Courtyard Bear said:

Supreme Court has ruled on this that's why it's news again. If folk are seriously trying to claim that celtic football club didn't have anything to do with a large majority of its employees avoiding huge tax bills then they are living in cloud cuckoo land. 

No wonder everybody in Scottish football rides roughshod over us. 

Exactly this.

 

The difference being there was a ravenous appetite to damage us, to stain us, and when they smelled blood ultimately to destroy us. It was a concerted collective effort by the enemies of Rangers. Make no mistake our wounds were all self inflicted but when that scent of vulnerability was in the air the papes have had their foot on our neck ever since.

Us? Well we simply can't be arsed and that's it in a nutshell.

As as been pointed out here many many times there have been mountains of shit successfully swept under their carpet for decades. Anyone with any doubts about what I'm saying here only need to look at the success that can be achieved  by those with an agenda. But first there has to be a will to do it. Unfortunately despite all we've been through I still don't see anything like the same vigorous intent from our people.

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