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Billy Dodds nails Rangers on tax

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Billy Dodds, who was named by the BBC as a beneficiary of Rangers Employee Benefit Trust, wrote in today’s Sunday Herald on the subject.  He alleges Rangers paid him money, which should have been taxed as income, through an EBT.

Dodds wrote, “David Murray came to me and asked if I would receive a payment that was due to me, after tax, through the EBT trust.   And I said that I would.   It was money that was owing to me when I had six months left on my contract and I moved to Dundee United. After the tax was deducted, that money was put in the trust fund.”

What happened to the “tax… deducted” is the crucial question.  Dodds is clear.  This was money due to him through his contract of employment which should have been taxed.  The seriousness of the allegations against Rangers just cranked up a notch – and from a surprising source.

You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.

The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.

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  1. Billy Dodds should publish his side letter to show RIA are culpable not him. Alistair we need transperency!

  2. Ole Englebert Humperdink was older than 22 of the European nations who competed in last nights Eurovision song contest . Not the artists, but the actual nations.

     

     

    *This will not impress you but I’m still glad I posted it.*

  3. Vinibhoy - Named Neil Lennon on his birth certificate on

    Paul67

     

    Let’s all sing it…

     

    There’s only one Billy Dodds!

     

     

    I’ve heard whispers of another, different nuclear story, I’m banking on it being a big one!

  4. Why deduct tax then pay the sum due through an EBT? What’s the benefit to the club – unless you have no cash at all except in the EBT.

     

     

    I think it’s more likely that Dodds was told “We owe you £300K. Now if we pay you then you will lose half of it in tax. If it is paid tax free through the EBT you will get a wee bit extra.”

  5. Eurochamps

     

     

    Go to the top of the webpage, and there should be a refresh sign similar to the one on a computer :o)

     

     

    HH

  6. sparkleghirl on

    bournesouprecipe on 27 May, 2012 at 13:41 said:

     

     

    It impressed me and I duly passed it on.

     

     

     

    Meanwhile, to to subject at hand. Poor Billy Dodds. Poor stupid Billy Dodds. Do you think he took legal advice before making those statements to a national newspaper?

  7. Eurochamps67 on

    I played Friday and Saturday. Need to show face at home. Golfing on Monday and Wednesday!

  8. Buddy Morrisey on

    So Billy Dodds like Paulo Di Canio liked to get paid wages “netto”.

     

     

    Glad he decided to clear that up then! ;)

  9. sparkleghirl on

    I was expecting a quiet Sunday, but between Dodds and that bhoycott list kindly postedby BarcaMole, I am dizzy with glee.

     

     

    BillyDoddsCSC

  10. 'crushed nuts?' 'Naw, Layringitis!' on

    Doddsy is probably been advised to adopt the ‘everyone else wis daein’ it’ line, he may have been invited down the local tax office for a tete-a-tete re: tax paid or not….probably nothing to worry about….just a big ‘Broons’ like misunderstanding…as long as you’ve kept the written correspondence…not just accepted a ‘nod’…that agent must be really busy, can’t get him on the ‘phone…

  11. •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on

    bournesouprecipe on 27 May, 2012 at 13:47 said:

     

     

    Noted with thanks ;)

  12. Gene's a Bhoys name on

    Surely if Dodds was owed say 100k Murray only paid him 60k from the EBT – telling him it was net of tax – which of course they didnt pay – thus saving Rankers 40k

  13. 'crushed nuts?' 'Naw, Layringitis!' on

    Eurochamps67 on 27 May, 2012 at 13:41 said:

     

    —————————————–

     

    Rinse it under the tap ;)))))

  14. Glendalystonsils likes a mr whippy with his lime green jelly on

    Imatim and so is Neil Lennon on 27 May, 2012 at 13:37 said:

     

     

     

    2010 Never Again

     

     

    The plot thickens

     

     

    And the thick are plottin’. But they are still doomed!

  15. BarcaMole

     

    From earlier.

     

     

    Pure comedy gold!

     

     

    And satire of the highest order.

  16. bournesouprecipe on 27 May, 2012 at 13:41 said:

     

    ”Ole Englebert Humperdink was older than 22 of the European nations who competed in last nights Eurovision song contest”

     

     

    If one wished to be pedantic, or as I like to put it, correct, one would say states rather than nations.

  17. Sparkleghirl – I reckon he took advice (of varying kinds) from all-round good guy, Paul Baxendale-Walker.

     

     

    *raises eyebrows suggestively*

  18. Imatim and so is Neil Lennon on

    2010 Never Again

     

     

    Is Dodds at it here? What am I missing?

     

     

    How did he know the tax was deducted if he withdrew it from an EBT Trust Fund?

     

     

    Did he get a statement to that effect? Did he receive what he was owed minus the tax that was payable?

     

     

    Dodds is letting people believe he was debited the tax payable on what he was owed….so in essence he paid his dues.

     

     

    So why then the need for the money owed to him to be paid in to an EBT Fund before he could draw on it….and why would he agree to this? Anyone?

  19. Surely Doddsy is not the first to break ranks.

     

     

    For me the most devastating line in the Mark Daly documentary came from the guy that advised on the Ronald Wattereus story when he said that Ibrox sources told him that payment via EBTs would provide him with money that the club could not afford to pay him otherwise.

     

     

    If the player and his agent are willing to state that on record, we have our main plank of evidence, knowledge aforethought and a planned conspiracy orchestrated from within the club.

     

     

    Shame about wee Doddsy who was one of the fairer commentators out there considering he is not a very bright lad but anyone tied into this scheme, who previously tried to hint otherwise, has lost all public credibility and cannot be trusted to present factual information in future.

  20. Paul67 et al

     

     

    I am not believing a word that Billy Dodge tells me…

     

     

    Until it has been corrorobated, (if I can say that word), by Chic Young!

  21. TheBarcaMole on

    Right 21:00, away for my red wine and Atlantic salmon……..

     

    That OK Ernesto??? (comment accompanied by John le Carré’s much loved master spy)

     

     

    The ‘boycott’ list wasn’t my doing; just came across it and felt it only right to share on here…….

     

    Funny though eh!

     

     

    Regards & Hail Hail

     

    TBM

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