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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merseycelt
Moss chemist in Larkhall is blue/white and Subway, which is normally green, is a kinda grey colour.
There is angst amongst the locals as Asda are currently building a store in the town and have refused to change the colour of the store sign or staff uniforms.
bloke109 isNeil lennon
Whatever became of the poster “one star means more” always loved that username,
the things that come into your head reading the blog;))))))
Im staying in sunny ml4 this week so made it along to my old parish Holy Family for 10am mass .
I met many old school mates a fantastic morning but have to say they are looking old :)))))))))
Enjoy the rest of the day and remember and tell those close to you just how much they mean to you.
HAIL HAIL
67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail on 27 May, 2012 at 14:36 said:
thomthethim CQN (genuine) Badge Wearer on 27 May, 2012 at 14:32 said:
Lots of LOL …….I’m fed up fiddling about with that wee X ………Please don’t read anything else into this entirely innocent statement ……. !!!!
share on F’book or Twitter
********
Copying is my problem . Sometimes the facility pops up straight away, other times I’m pressing and tapping for ages, waiting for the prompt.
Probably something to do with being able to remember when we wrote on slates at school!
hamiltontim on 27 May, 2012 at 14:50 said:
Moss chemist in Larkhall is blue/white and Subway, which is normally green, is a kinda grey colour.
There’s a McDonalds near Fenerbahce which is blue and yellow.
Sparkleghirl
Are they able to do that because MacDonald restaurants are franchised?
hamiltontim on 27 May, 2012 at 14:58 said:
No idea.
hamiltontim
Cheers for that, mate!
Only in hun Scotland, eh?
Mind you, I refuse to eat blue jelly and I dont like blowing up blue balloons.
And, btw, I noticed your comment the other day about England being anti-catholic. Where did you get that one from? Pro Royal, yes, even some catholics like these idiots (in the way most people seem to live celebs just because they’re famous) but I have rarely encountered antagonism to the religion, its schools or its followers down here and I’ve lived in a fair few English cities.
HH
hamiltontim on 27 May, 2012 at 14:50 said:
merseycelt
Moss chemist in Larkhall is blue/white and Subway, which is normally green, is a kinda grey colour.
There is angst amongst the locals as Asda are currently building a store in the town and have refused to change the colour of the store sign or staff uniforms………….
Not all of the locals HT; some are quite looking forward to it……….
Regards & Hail Hail
TBM
live=like!
And they smash the GREEN traffic lights during the walk season!! And B T had to repaint their green power boxes to grey.
jude2005 is Neil Lennon \o/ on 27 May, 2012 at 15:03 said:
And they smash the GREEN traffic lights during the walk season!! And B T had to repaint their green power boxes to grey……………..
Really???? Thought BT worked for the social????
Regards & Hail Hail
TBM
Glasgow’s – Twin Towers
No need for a licence
Ewing Grahame
RANGERS will be able to compete in the SPL next season — even though they have failed to comply with the SFA’s licensing requirements.
The SFA introduced club licensing in 2006 in an attempt to improve standards among senior clubs. Licences are awarded annually on a gold, silver and bronze basis. However, in order to be granted even a bronze licence, clubs must have filed audited accounts with the SFA by March 31.
Rangers have not published those figures and have not been issued with a licence. However, as things stand, that state of affairs won’t prevent them from being in a position to compete in the top flight.
SPL Secretary Ian Blair wrote to member clubs in August last year, making it clear that ‘all clubs and the candidate club must comply and have complied with the Financial Disclosure Requirements’.
However, Blair last night admitted that he and his colleagues can’t insist their members must meet even the minimum conditions stipulated by the SFA.
‘It is not a requirement of the SPL for members to be in possession of a licence from the SFA,’ he said. ‘Whether clubs do or do not have that licence is not currently relevant to their participation in the SPL.
‘Over the next couple of years, there may be more of a joined-up approach to financial regulations and licensing.
‘There is work going on behind the scenes with ourselves, the SFA and the Scottish Football League in order to establish a more unified policy.’
I do not know Billy Dodds , I expect I am not alone on here. I would suggest that he is using the old ” it wiznae me”excuse. who among us have not used that. I also suspect that Billy is no brain surgeon, having listened to him torture the english language to the level that merits. an appearance at the Court of Human Rights . I do know that he is a very hard working footballer/pundit who looks after his family well and is well thought of among his peers.
If he has opened a Pandora`s Box I guess he was only looking after himself and his family and not trying to defend the whole EBT scam. Do we know if tax was paid prior to funds being released?
SSN………………………………………………….Sir Minty tells journos he can’t remember a Ragers player called Billy Dodds.
I have lived in England for over 40 years – i am sure there may be areas where anti-catholic sentiment exists but overall i have found them very tolerant and most can’t understand why football teams are supported on religious grounds. My only critisism is that i have to point out that Celtic have always been open to all
Will be back in Larkhall on 4th/5th June………..
Hamilton Races on 7th June………..
Mass at St. Mary’s Larkhall on 10th June a.m., and then The Machan Vaults p.m………
Looking forward to being in the company of some great Celtic people…..
Regards & Hail Hail
TBM
Why would anyone pay £15m for a property which had been on sale for three years with no takers at £12m?
I mean,it’s not like the bidders were involved in an auction,is it?
~~~~~~~~~~~ ~~~~~~~~~ ~~~~~~~~~
http://www.telegraph.co.uk/news/uknews/theroyalfamily/9291896/Money-laundering-probe-puts-spotlight-on-the-15-million-sale-of-the-Duke-of-Yorks-home.html
~~~~~~~~~ ~~~~~~~~ ~~~~~~~~~
Crikey,that’s nearly as dubious as Souness’ “£8m take-it-or-leave-it” bid for Boumsong……..
TheBarcamole
Oh u know there are many good guys there too :-))
merseycelt
Mary Honeyball as an MP told Gordon Brown that he shouldn’t have Catholics in his cabinet, suggesting that they couldn’t be trusted.
Anyway it’s far too nice a day to be disagreeable :-))
Superb goal for Crewe
SSN……………………………………..Ragers have confirmed they have signed 17 year old superstar South Korean midfielder Lee Gwan.
Fhellow iPad users
Go to settings,General,Keyboard
Then switch OFF.Auto correction,Auto capitalisation And check spelling.
Then your sorted !!
FTSFA
FTSFA 1517
Does it do punctuation?
Interesting comments by Billy Dodds, he could be cleverer than perceived, he seems to be attempting to defend R@ngers. However he claims he WASN’T paid netto potentially dropping the Gers in it and is left looking like an innocent.
“There was certainly no benefit to me from being paid this money through the trust fund………. There is nothing illegal in it…”
Well Mr Dodds you could be correct, insofar as you could be in the clear, still better if you have documentation to prove how much you should be paid nett and how much you were paid after deductions.
However unless those deductions were paid to HMRC the situation looks to have moved from Avoidance to Evasion – Wow…
Few questions though…
If this was a normal payment and all due Taxes were deducted and paid, why get paid through the EBTs?
If Billy Dodds didn’t know who, when, what, where, was everyone asked to stay stumm about their EBT payments with some Players/Employees undertanding they were benefitting from Nett payments and others believing Tax was being deducted?
Mr Grier claimed today that the Old Board believed if the EBT ruling went against them, R@ngers were finished. Now is this why they made no attempt to Negotiate a solution with HMRC and recklessly carried on regardless, batting Hector away and praying for the best?
What was the payment for? & is Billy D’s job at the BBC now safe?
Paul67
Seriously?
Dear god these guys are just taunting HMRC, the Football authorities and anyone else with half a notion of common decency
The action, when it comes, must send the most definitive message to anyone out there contemplating,or currently active, in anything similar.
We suspected we were being cheated. No, we knew it! Just didn’t know how it was being done. Well we do now and there’s more…
They are a disgrace!
HH
M
I’m struggling to get my head round billy dodds revelation today……
So billy was due money from rangers…..
Say £1m …..
Did rangers say ok here is your £1m were due u but we have paid you through and EBT … Thank you very much…..
Billy waltzes away with his £600k after tax payment……
Except rangers haven’t paid the £400k to the tax man …
But instead pays another player that £400k through the EBT ..
That’s £260k after tax……
But don’t pay the £160k to the tax man!!!!!!!
But pays another player the £160k
Minus tax through the EBT …
But doesn’t pay the tax man ….
And so it goes on.. And on…
Is that what has been happening ???
Not paying tax on tax on tax on tax on tax ….????
If so that makes them far more guilty of tax avoidance than our hero !!!!!!!
Cheats ra lot o them
•-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 27 May, 2012 at 13:58 said:
Thanks for that. My my what an angry wee man!
Imagine that was your Dad!
He forgot about the grass and trees, they’re green as well so must be in on it.
Whatever “it” is.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 27 May, 2012 at 15:19 said:
FTSFA 1517
Does it do punctuation?
.??!,,;;:(-?;)!/!,!!
I, don’t, know,..!.? :)
Silly Billy only just remembered about the EBT after the documentary. He’s was very strong previously in his denials on the BBC.
HT
KTF!
HH
hamiltontim on 27 May, 2012 at 15:16 said:
TheBarcamole
Oh u know there are many good guys there too :-))………………
Not falling out with you but aye really, there are some great Celts in Larkhall. Understand that you are not native to Hamilton (as I am not native to Larkhall) but you would be aware going by the :-)) in your response of the good Celtic families there……
Some having moved from ‘Hamiltim’………… n’est-ce pas …………
Regards & Hail Hail
TBM
http://pic.twitter.com/MdHzrdTC
when you luck is out…
nearly crashed the car on way to erskine dump there.
a wee cottage just along from the spanish village has run a union jack up a flag pole.
either a jubilleer,
a unionist
maybe a walker.
or a tax paying to HMRC proud hun person.
he used to have two massive alsation dugs behind the fence,
merseycelt lmfao as the big house door slams shut @ 15:01
That’s the thing about the blue balloons, they’re blowing themselves up these days!
Thebarcamole
My apologies my post should have read, ‘I’ know not ‘u’ know :-))
I’ve heard that there are many in the town who will be more than happy to shop at Asda!!
If that scenario that I’ve tried to get my head around IS what happened
Then not only have they avoided paying tax on the the EBT fund then they have also fleeced the taxman of of a further £660k per £1m !!!
So for every £1m through the EBT trust they have not paid as ingle penny in tax
But please tell me if I’m wrong here …
Have they deducted the tax from the payments and again not paid tax again ??????
If that is the case for each £1m paid through the EBT the tax man lost out on £660 k ???
hamiltontim on 27 May, 2012 at 15:39 said: ……………………
No worries; got the gist of it…………..
Regards & Hail Hail
TBM
£1m less 40%tax
That tax put back into fund
Paid out less tax
Tax put back into fund
Paid out less tax
Tax put back into fund
Paid out less tax
Tax put back into fund
Paul?
Is this what appears to have happened ???