I’ve not spent a lot of time online this week (work sometimes creeps in) but can’t believe the amount of traction that notion that Sevco would somehow be able to acquire SFA membership of a dead club, with all associated benefits, but be in a position to dictate set terms on how past misdeeds of Rangers would be recorded.
This is a bogus debate which serves only to deflect from the more serious issues facing Sevco, namely, do they have circa £25m to pay their way this season? If not, their pedantic views of disciplinary matters are moot, although they may be used as a principled excuse to fold a football club.
On more positive matters……….
Tony Hamilton asked me into the Celtic TV to discuss various issues surrounding the club. We spoke about how recent events elsewhere have had a galvanising impact on supporters of Celtic and other clubs, where Celtic’s future should be. I also gave a breakdown of what the death of Rangers would mean financially to Celtic, with or without Champions League group stage qualification, talked about how it would benefit the entire Scottish game if we found a new league to play in, and the great atmosphere we have at Celtic Park these days – which you can experience if you buy a season ticket, which you absolutely-without-a-doubt-should!
Do it now. The video is below:
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Sevco v Brechin isn’t a sell out tickets available……..,……..phone DR with cash or cheque
ItaliaBhoy on 27 July, 2012 at 09:24 said:
”What Neil did is what anyone would do: seek out a legal investment scheme which maximises his money for him and his family.”
It wasn’t an investment scheme it was a tax avoidance scheme masquerading as an investment scheme.
These schemes are easy enough to spot. They generally involve
1. having to pay a substantial fee to take part
2. having to sign a confidentiality clause
3. any potential profit (other than tax avoidance) is minimal in comparison to the fee required to join the scheme
4. the result of the scheme, if it works, is a substantial reduction in the amount of tax you pay.
They may not be criminal, but those involved have, at best, surrendered the moral high ground.
Tax avoidance and Tax evasion. One is legal and teh other isn’t.
Investment schemes such as the one Neil was involved in have been set up to take advantage of tax rules the government has put in place to re-generate or to help out parts of our economy. By giving tax breaks the government are trying to attract investment into flagging industries, or new technologies hoping that this will in turn provide jobs and future tax revenues. There is nothing sinister about the scheme, it just seems to have been operated poorly and since the money invested was ultimately deposited in another bank account rather than used to buy capitol equipment or emply more staff then the reason for using the scheme in the first place was defeated and so no tax advantage could be apportioned to the money used.
To my mind, looks like Neil and others invested in good faith for a worthy economy boosting cause, but since the company operating the scheme have failed to adminster it properly then he along with other investors may feel they have been misled [or “duped” using the current, common parlance] . A human interest story perhaps, but written in a way showing the full bias of this rag.
Don’t buy them
{sorry, I did click on the link }
So will the SFA actually tell Sevco to take it or leave it? A decision must surely be made today.
It’s Brechin I feel sorry for. They must have shelled out a fair amount of cash preparing for the first ever Sevco match. Will they be reimbursed if their opponents are unable to play?
Re: Lawwell asking fans to buy SB’s
Why don’t we buy Johnny Russell from Dundee Utd and, Hearts CH Marius Zaluska ?
Put the product on the pitch and, the customer’s, as PL calls us, will pack-out the stadium. imo
Furthermore, on 1st of May 2012 – Neil said that four, first team ready players would be signed to replace the six players who would be leaving ?
What’s the hold-up Neil ?
Hail hail
Bundoran Bhoy
This is what I put on the slips that I gave to people who bot Oscar wrist bands.
WEE OSCAR KNOX (3)
NEUROBLASTOMA
TEAM OSCAR @ HOTMAIL.CO.UK
Also mentioned they cld donate more via this site.
HAIL HAIL
There is no such thing as “tax avoidance”. It’s simply not a useful descriptor. Are you “avoiding” tax if you buy a couple of cartons of cigarettes in Spain because they’re cheaper? How about if you give up smoking all together because UK tax pushes the cost up so much – tax avoidance?
Putting money into an ISA – tax avoidance?
Buying a Smart Car instead of a Mercedes because of lower road tax – tax avoidance?
The only useful, clear, and unambiguous (ho ho) categories we should be concerned with are: tax compliance and tax evasion, i.e. obeying the law, or not.
Anybody who wants to claim the moral high ground on tax is free to voluntarily write a cheque to HM Treasury.
How much can they put you down for Ernie? (thumbsup)
DBBIA- After that red hot performance v Ajax, any coverage of Celtic games should be after the 11pm watershed. 10 minute freeview would be enough.
Happy Birthday ole Mo (the bounce) Bangura.
Oh to be 23 again CSC
Lenny,tax avoidance and the ” rich.”
Betcha no Celtic supporter would ever pay cash to have a job done.
philvisreturns on 27 July, 2012 at 09:50 said:
”jude2005 is Neil Lennon \o/ on 27 July, 2012 at 09:49 said:
Bundoran Bhoy
This is what I put on the slips that I gave to people who bot Oscar wrist bands.
WEE OSCAR KNOX (3)
NEUROBLASTOMA
TEAM OSCAR @ HOTMAIL.CO.UK
Also mentioned they cld donate more via this site.
HAIL HAIL”
Thumbs Up!
Maybe we should all just stop paying tax and then if any of us need, say, an operation, we could do some fundraising on here.
As long as Neil Lennon didn’t falsely register players I don’t care what he’s done with his money and he still has every right to demand Celtic’s stolen trophies,the DR would be better served questioning why Walter Smith and Graeme Sounness were receiving payments from the huns after having left the club.
ernie lynch – Maybe you could tell us how much HM Treasury can expect you to pony up in voluntary additional tax?
Or can’t you reach your cheque book from up on your high horse? (thumbsup)
Will Mo have hired a bouncy castle to make his birthday celebrations go with an ole bounce?
Many happy returns to hoopslegned Mo.
Philvis,
surprised at this, tax avoidance in the UK is perfectly legal and is recognised as such by HMRC. As long as the details of such schemes are disclosed to HMRC they will accept this.
(thumbsdown)
HH
NB – Haven’t read the DR story, don’t think I’ll bother to.
From what I can gather, Neil put some of his money into an investment scheme.
That money, assuming it came from his salary, would already have been subject to income tax and national insurance, taking a huge bite out of his earnings.
Nobody seems to be suggesting Neil has broken the law. So what he – legally – spends his hard earned cash on is his own business. (thumbsup)
Gordon_J
Will Brechin get a bye?
The SFA offices will need to stay open late to register all the new Sevco stars.
Iftheygetalicence CSC
TheGreenManalishi – I think you missed my point, friend. There are such a broad range of behaviours that could be described as “tax avoidance” I don’t think it’s useful to use the term at all. Government puts up VAT on petrol so you use the car less – tax avoidance? (thumbsup)
http://www.youtube.com/watch?v=EVIOmU3l0Zo
May be of interest to cricket loving tax avoiders.
DBBIA
If its this weekend for your wee jaunt doon by for the cricket have a good yin n tell Tom he’s to catch a 760 one weekend to come through to the club for a game.
philvisreturns on 27 July, 2012 at 10:05 said:
You’re either being disingenuous or you don’t have a clue how these schemes work or why people use them.
Philvis,
Sorry can’t agree, If the govt increases the tax on petrol I can make a choice as whether to pay for it or not. Similarly if I am offered overtime it is my choice whether to work and pay the incremental tax or not. Therefore no avoidance.
HH
How exactly can you make progress, on ‘the punishments you’re willing to take’
Brechin Chairman
“we’re hearing all the right noises that a decision will be made”
Today is the day then to see who blinked first.
bournesouprecipe,
Good point – if Sevco isn’t registered should the place go to someone else? Or should Brechin go through?
The ruling bodies have put themselves and others in an impossible position by taking so long to deal with this.
Good morning CHAMPIONS
Weefra HH
” Woe to he, who whilst preaching to others, is himself a castaway” Only sayin’ like. ; )
philvisreturns on 27 July, 2012 at 10:05 said:
NB – Haven’t read the DR story, don’t think I’ll bother to.
From what I can gather, Neil put some of his money into an investment scheme.
That money, assuming it came from his salary, would already have been subject to income tax and national insurance, taking a huge bite out of his earnings.
Nobody seems to be suggesting Neil has broken the law. So what he – legally – spends his hard earned cash on is his own business. (thumbsup)
+++++
I think these schemes allow people to claw the investment back from tax paid. Similarly people starting their own business can claim back losses from that business from their PAYE (if they have a PAYE job as well, obviously).
I know a few people who follow these schemes – all perfectly legal.
Where many of these things fall down is when such schemes are being abused, like by having a contractual arrangement to allow draw-downs from trusts, or setting up a business with no actual business and no time spent on it (then running up losses by having business lunches with your secretary who just happens to double as your wife or your mates, or buying a company CBR-600), etc.
Good morning bampots and keyboard clatterers.
I see there are still blanks on the SFL page at the bottom of Div3 and in the Ramsden cup game for Sunday. What are we to make of that, I wonder? Whatever, it looks fantastic – get it screen-saved for posterity.
The BBC reporting the application of common sense by an English Court…
Airport tweeter cleared
When I first read the article, I thought it said that his Counsel was John Cooper Clarke QC. There’s a trial I would like to see.
The English FA have instructed Southampton not to pay the fee agreed with Sevco 5088 for Steven Davis.
This’ll put them firmly on the new growing Sevco Sevco banned list.
Philvis – whilst I recognise the point you are trying to make I think it’s worth remembering that the majority of “legal” tax avoidance schemes are developed by the wealthy, for the wealthy.
It’s funny how getting a couple of hundred quid, cash in hand, can result in a trip to prison but “avoiding” paying several millions of pounds via a scheme like EBT is deemed legitimate.
•-:¦:-•** -:¦:- sparkleghirl :¦:-.•**• -:¦:-• on 27 July, 2012 at 10:17 said:
Good morning bampots and keyboard clatterers.
I see there are still blanks on the SFL page at the bottom of Div3 and in the Ramsden cup game for Sunday. What are we to make of that, I wonder? Whatever, it looks fantastic – get it screen-saved for posterity.
+++++
’tis on my Facebook page :-)
ItaliaBhoy on 27 July, 2012 at 09:24 said:
“indeed there is a strong argument that the economy improves and freedom is maximised the less tax the government collects”.
An argument being promoted by Gideon Osborne, Boris Johnson, Berlusconi & Barclays. You keep good company.
oh dear – match reporting taken to a new level…
http://www.rangers.co.uk/news/football-news/article/2860603
Mon’s the Bibs! :-D
Lennon- cricket is next weekend. The lengths some bhoys will go to to avoid the ole flag raisin’.
Anyways, Brechin v Hillbillies- Hedge of Darkness?
BSR
Why did Southampton agree to pay any fee in the first place ?