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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.

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  1. If Davie Dodds was the elephant Mhan then what was wee Billy called? I’ll start……

     

    The ger who walked away,

     

    Cry wolf man,

     

    Jackanory man……

     

    Hx2

  2. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Question by Waddell,non-answer from Doncaster

     

    ~~~~~~~ ~~~~~~~~~~ ~~~~~~~~~~

     

    .Is the whole broadcasting deal predicated on Rangers’ presence and there being four Old Firm games?

     

     

    “I have said probably all I want to say on all of the commercial contracts that underpin the SPL.

     

     

    “Ultimately what’s vital is that the rules are applied fairly and evenly and that will happen. There will be no special cases made for individual clubs

  3. Vmhan on 27 May, 2012 at 15:43 said:

     

     

    If Davie Dodds was the elephant Mhan then what was wee Billy called? I’ll start……

     

    The ger who walked away,

     

    Cry wolf man,

     

    Jackanory man……

     

    Hx2

     

     

    Dumbo

  4. IniquitousIV on

    Thomthetim:

     

    It’s got nothing to do with spelling ability. American IPads immediately convert license (with ce at the end) to license.

     

    See what just happened.

     

    The IPad also does not like names like Scottish manager Levein. If you do not pay attention, it changes it to Level in. It will also not accept Glaswegian argot and many Scottish words. I have to write cannot when I really want to write”cannae”.

     

    The software usually turns the e to an s, unless you try several times.

     

    Time to go to settings, I think.

  5. pauloantony on 27 May, 2012 at 15:40 said:

     

    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 !!!

     

    _____________________________

     

     

    Not sure of my (mental) arithmetic but I concur – assuming each player was told he was taxed (circa 40%) and sum paid into scheme and others similar then………………. it allowed RFCiA the ability to pay £1.7M in wages nett.

  6. saltires en sevilla on

    Gordon_J backing Neil Lennon on 27 May, 2012 at 13:44 said:

     

     

     

    The club benefits in a number of ways:

     

     

    They don’t pay employer’s National Insurance Contributions of 13.8 p.c.

     

     

    They can convince player to take less amount than previously agreed because the net paid to player would be higher…anything above 42p.c the player is quids in

     

     

    They can attract a better standard of player to the club using this model:

     

     

    Eg I million per annum to a Celtic Player paying fully burdened tax. And Nic is approx 480k net to player

     

     

    The rankers model potentially give the players 1million but more likely 750k because they did show some earnings in PAYE

     

     

    What club would you not sign for of you are a money grabbing mercenary clugger?

     

     

    The whole thing is an utter disgrace by the way!

     

     

    HH

     

     

    M

  7. Auld Neil Lennon heid on

    Big Nan

     

    Thanks for sight of Mr Blair’s views on the applicability of club licensing.

     

    Given he is speaking fot SPL and not the SFA I think his views are open to challenge. He also fails to mention the ENTRY level requirement under National Club Licensing which is the basic one below Bronze etc.

     

    I would go ad far as to say he is indulging in the same obsfuscation policy as his boss Doncaster and the integrity of both to hold their positions is now an issue and I hope Paul is reading this because these guys can no longer be trusted.

     

    The CST letter puts the onus for response to the questions that matter on Regan at the SFA.

     

    Is he to be tarred by the same lack of integrity brush?

  8. weevincywoking on

    Am missing something here? I thought EBT payments could not be made on behalf of the employer. If Dodds says he was paid money owed to him by his ployer through the trust then that is a misuse/ abuse of the trust. Over to HMRC. Now, whether or not the tax deducted was ever paid over…..Over to HMRC

  9. L

     

    Lying on a greek nudist beach enjoying the view. Been comiin here for yrs without phone signal but now have full internet so can follow follow the death from here. Technology is amazing as is the female form. Wow. Pax Vobiscum.

  10. Auldheid – you know the answer to your question at the end. YES.

     

     

    Britannia has / will waive the rules for the Huns and expect UEFA to sit on the sidelines happy to accept the carve up.

     

    ……………………….

     

     

    Auld Neil Lennon heid on 27 May, 2012 at 15:54 said:

     

    Big Nan

     

    Thanks for sight of Mr Blair’s views on the applicability of club licensing.

     

    Given he is speaking fot SPL and not the SFA I think his views are open to challenge. He also fails to mention the ENTRY level requirement under National Club Licensing which is the basic one below Bronze etc.

     

    I would go ad far as to say he is indulging in the same obsfuscation policy as his boss Doncaster and the integrity of both to hold their positions is now an issue and I hope Paul is reading this because these guys can no longer be trusted.

     

    The CST letter puts the onus for response to the questions that matter on Regan at the SFA.

     

    Is he to be tarred by the same lack of integrity brush?

  11. Gene's a Bhoys name on

    I watched the film Moby Dick and the SFA / SPL remind me of Captain Ahab at the end when he gets tangled with the whale and is taken down. SFA /SPL still have the opportunity of cutting loose from the monster which is RIA and surviving or getting dragged down into the abyss

  12. thomthethim CQN (genuine) Badge Wearer on

    iniquitousIV,

     

     

    if you x out of the correction before touching another key, then you will over ride the intrusion.

     

     

    I, too have just been to Settings and cancelled them.

     

     

    Depending on how much my poor spelling becomes exposed, I may go back to American mode.

     

    Thanks for the response.

  13. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TIMGREEN 1559

     

     

    Is that a camera-phone,perchance?

  14. thomthethim CQN (genuine) Badge Wearer on

    BMCUP,

     

     

    I have no doubt that the rules will be applied fairly.

     

     

    However, that will be after they have been hand-knitted to suit the situation at Ibrox.

     

     

    He did not refer to the rules ” as they stand”, did he?

  15. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    THOMTHETHIM 1608

     

     

    My personal opinion is that they will try anything,explore every avenue,and still come up short.

     

     

    I blinkin’ hope I’m right for a change!

  16. Re the camera phone thing – Paul67 widnae allow. But Jeez look at that. We are not trained for this. A techy prob – anybody know how to go to next page on a Blackberry? Awe look at her comin oot o the watter au naturel. I’d better turn onto my stomach.

  17. Gene's a Bhoys name on

    •-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 27 May, 2012 at 14:42 said:

     

     

     

    Listening the Daly interview from yesterday. Chick just doesn’t get it. The others are at least coming round to the truth but Chick just won’t give in….

     

     

    http://www.bbc.co.uk/podcasts/series/scotfoot

     

     

    ————————————————————————————-

     

    just listened to the podcast – you are right about Chick Dung – no mention of Sporting Integraty

  18. Gene's a Bhoys name on

    timgreen on 27 May, 2012 at 16:20 said:

     

     

     

    Re the camera phone thing – Paul67 widnae allow. But Jeez look at that. We are not trained for this. A techy prob – anybody know how to go to next page on a Blackberry? Awe look at her comin oot o the watter au naturel. I’d better turn onto my stomach.

     

    ——————————————————————————–

     

     

    Im sure there’s another Moby Dick reference there – but i’ll pass

  19. Margaret McGill on

    My take on it is that neither the SFA nor SPL want to be the ones seen as signing the huns death warrant and go down in history as such. To be doing so may sign their own death warrants in the non figurative way so they are hoping and waiting HMRC do it and do it soon. However, HMRC dont really care about next seasons SPL fixture list and like everyone else are in it for the money. They have all the time in the world and are probably waiting for more information from the gift that keeps on giving. Its going to get very interesting.

  20. philvisreturns on

    Poor Billy.

     

     

    I quite liked him as a player when he was at Aberdeen and Dundee United.

     

     

    He’s obviously not the brightest sash in the walk though. He probably believes his claim that the EBT money was paid “after tax”. Any half-awake solicitor or accountant would have advised him to keep quiet rather than go to the press with that statement.

     

     

    When’s the bold Souness going to explain what he was doing accepting money from Rangers while being employed by another club?

     

     

    BTW, anybody remember when Souness signed Boumsong from Rangers for £8m?

     

     

    Meanwhile, Sir David Murray is probably doing his best Francis Urquhart from “House of Cards” impression.

     

     

    Don’t worry DM, you can be safe, still! (thumbsup)

  21. IniquitousIV on

    Thomthethim:

     

    Thank you very much. I was unaware that I could x out the correction.

     

    Appreciate it.

     

    Iniquitous IV

  22. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TIMGREEN 1620

     

     

    Is that a camera-phone in yer pocket,or are you just glad to see her?

  23. garygillespieshamstring on

    Tim green ; gives an entirely different meaning to “she is stomach turning”

     

     

    Ggh

  24. Re how much they avoided in tax.

     

     

    I think I saw something from the battered bunnet that for every pound they paid using the EBT they saved 92p tax.

     

     

    hh

     

     

    bjmac

  25. tobagostreet on

    Gordon_J backing Neil Lennon on 27 May, 2012 at 13:44 said:

     

     

    Why deduct tax then pay the sum due through an EBT? What’s the benefit to the club . . .

     

     

    I haven’t read back so this may have been covered.

     

    The club, Rangers Football Club (in Administration)

     

    may have done it like this: We owe you $100, after tax

     

    it comes to $50. We’ll give you $75 if we can do it through this EBT.

     

    Player makes a bit extra, club saves a bit extra.

     

     

    In sterling of course.

     

     

    Tobago

  26. Gene's a Bhoys name on

    The SPL fixtures are due on 18th June and unless they are liquidated / expelled before then – they will still be in administration (cooling off period of any CVA) – and therefore I assume will be in the fixtures as RIA and subject points deduction – or?

  27. Auld Neil Lennon heid on

    Alderside

     

    You probably said the SFA would not vote in the McLeish reforms or Regan push through the Disciplinary changes that have resulted in Rangers defying FIFA rules on seeking a civil judgement.

     

    I can understand pessimism and cynicism but never saw it as a reason not to try for change.

     

    So far things are unfolding nicely.

  28. tobagostreet on

    I see it was covered by Gene’s a Bhoys name at 13:52.

     

    Sorry for the redundancy.

     

     

    There’s a phrase unfamiliar to Duff and Phelps!

     

     

    Tobago

  29. philvisreturns on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS – Devolution has been a disaster for the United Kingdom. It has unleashed the petty authoritarian tendencies of the meddling classes. It’s bad enough that the clowns at Westminster have so much time on their hands to interfere with people’s lives without other tiers of government doing the same thing in Scotland and Wales.

     

     

    In Scotland, they brought in the illiberal and discriminatory Offensive Communications Act, the smoking ban, nanny state minimum alcohol pricing (which you can be sure will be relentlessly increased just like the fuel tax escalator), and now this.

     

     

    In Wales, they force shops to charge you 5p for a plastic bag.

     

     

    In England, supermarkets are forced to hide fags away from the impressionable eyes of shoppers, and they’ll soon be “offering” parenting classes to would-be breeders (soon to be mandatory, no doubt).

     

     

    Did we vote to make these people our substitute parents or something? (thumbsup)

  30. They need to add that shinger englebert humperdinck to the boycott list and all those chountries who didn’t vote for the uk (not ireland of course) as part of a tim chonspiracy

  31. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    PHILVIS RETURNS

     

     

    Totally agree.

     

     

    Manage the economy and the defence of the realm-not that they are much good at these core functions-and let the rest of us get on with it.

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