Breakdown on taxpayers £75m hit

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I think some people have been reading too much into mentions of Rangers owing HMRC up to £75m.  For clarity, the big tax case, with penalties and interest, could reach approximately £50m, but that is not the end of the story.

There is the wee tax case, the potential VAT liability relating to the income from Ticketus and VAT due each quarter.  Then there is Pay As You Earn (PAYE) and National Insurance (NI).  With the lack of financial information from Rangers barring this “£75m” statement, it’s possible VAT, PAYE and NI are delinquent.

Add this lot up and you can easily see why the taxpayer could be looking at a £75m hit, Rangers did not link this figure with the big tax case alone.  I’ll leave it up to Craig Whyte’s next interviewers to ask how much of this figure has been incurred under his stewardship.

And remember, we’re only talking about HMRC debt here, don’t forget about the police, Glasgow City Council, utility suppliers and a multitude of small local businesses.

We don’t need no stinkin’ Rangers.

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  1. HECTOR – Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:

     

    14 February, 2012 at 00:00

     

    HT

     

     

    You are way too articulate to be Craig Whyte. And anyway. Your eyes are also very symmetrically centrally placed in your face in a good looking Timmish way for you to be anything like that goat.

     

     

    MWD

     

     

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

     

     

    East Tiger, or a certain poster from close proximity to Aberdeen will be getting a touch of the green eyed monster :-))

     

     

    Lager devoured so do I :-

     

     

    a) go to bed

     

     

    b) go and open the last bottle of vino on the cellar?

  2. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    I thought jabba had been comfort eating but it was the hun spokes person. Britney was wearing make up tonight or did Wishart look graven, ashen faced withdrawn and teary eyed. Mr. Morrow trying desperately to sneak in next months Scottish news today the naughty boy.

     

     

    HH

  3. CultsBhoy loves being 1st on

    sftb

     

     

    the past is past – let’s dwell in the present and future…it’s so much more engaging… :-) !!

  4. Jeg er Neil Lennon-Greeninbingley on

    And when I am formulated, sprawling on a pin,

     

    When I am pinned and wriggling on the wall,

     

    Then how should I begin

     

    To spit out all the butt-ends of my days and ways?         

     

     

     

    Try saying ‘sorry’.

     

    Sorry for all the lives your blank-eyed bigotry ruined, or scarred, or ended.

     

    Sorry for your vigorous, blind, espousal of apartheid.

     

    Sorry for keeping an otherwise decent-minded country firmly chained to the Dark Ages.

     

    Sorry for the Nazi-like arrogance.

     

    Sorry, most of all, for knowing it was all wrong, and doing it anyway.

     

     

    Burn, Glasgow Rangers. The world will breathe cleaner air once you are gone.

  5. Back to Basics - Glass Half Full on

    Celticrollercoaster – one should always have a laugh just before going to bed.

     

     

    Absolutely Brilliant.

     

     

    Good Night all & Hail Hail.

     

     

    PS – watch yourselves tomorrow because today was the day that the teddy bears had their pitch nicked

  6. CultsBhoy loves being 1st on

    Hamilton

     

     

    Today’s events leave me in a generous mood – MWD is all yours – besides long distance relationships are always doomed ;-)

  7. gordybhoy64 @00:12

     

     

    Plans for Windows, solid platform that is going to kill Blackberry, next roll out (4 -5 weeks) will include Android.

  8. Rasc,

     

     

    more power to her

     

     

    When you are old and grey and full of sleep,

     

    And nodding by the fire, take down this book,

     

    And slowly read, and dream of the soft look

     

    Your eyes had once, and of their shadows deep;

     

     

    How many loved your moments of glad grace,

     

    And loved your beauty with love false or true,

     

    But one man loved the pilgrim Soul in you,

     

    And loved the sorrows of your changing face;

     

     

    And bending down beside the glowing bars,

     

    Murmur, a little sadly, how Love fled

     

    And paced upon the mountains overhead

     

    And hid his face amid a crowd of stars.

     

     

    Yeats

  9. celticrollercoaster says In Neil we trust on

    Thank Ghod our Fergus was not their Craig!

     

     

    The Honest mistake-you mentioned a statue when we met up recently and I said that it was way too soon. Perhaps, A statue will come one day and be befitting of our unsung hero

     

     

    HH

     

     

    CRC

  10. Dingwall on the John Mackay program the night re Murray….

     

     

    “he does have a series of companies (MIH) that are turning over a billion pounds per year”

     

     

    is this true or is it just more “hunguffery” ? (©bournesouprecipe)

  11. CultsBhoy loves being 1st on

    Given Lenny was threatened with Death for beating the Huns at football…what awaits Whyte for killing them off…?

     

     

    Not a joke question but a genuine consideration…if he has thought it through and proceeded anyway – he is NAILS!!!!

  12. Burnley78

     

     

    As I said in my lsat post it’s been a hectic day.

     

     

    I mentioned my amigo last night about him investing his kids inheritance on us vacating scotland, he phoned me earlier, he reckons he has won the lotto.

     

     

    I assume you have heard of Graham Hunter, a scots jurno who is based in Barcelona, he has been talking tonight with my mate and things have taken a massive leap forward.

     

     

    That was as much as he told me, he will be here at the weekend for a round or two.

     

    We will have an escape route, of that I will stake my grandkids lifes on.

     

     

    Money talks, we have money, or at least we have no debt, we have a global support who will part with their money to watch Celtic, that is the end game.

  13. What is the Stars on

    Philvis and Jimmy

     

     

    Can you two cut it out

     

    Like a pair of parisian hookers welcoming the Yanks in 1945

     

     

    Stop it now,pull yerselfs together men

     

     

    Oh no maybe not

  14. brucecassavetes says:

     

    14 February, 2012 at 00:05

     

     

    johnston is a hun in an expensive suit. a vain, narcissistic gump who wouldn’t get near our board. too much time spent on his nails and his hair

  15. Firstly,

     

     

    Paul, a massive thanks is due to you for your sterling work not only today but on a daily basis, in keeping us all well informed.

     

     

    Today in the sonofaderryman household has been a joy. like many others on this site, regular posters and lurkers alike, (and the wider Celtic family) we have all had to suffer at the hands of those who have lied, stolen and cheated their way to false glories. Today the chickens have come home to roost.

     

     

    PS, Over on R*ngers Media, the Huns are revolting!!!!!!! Oh wait????.

     

     

    Hail Hail

     

     

    Ps i wont have a beer on a school night, but roll on Friday.

  16. Was that a BLUE CASHmere pullover Britney was wearing tonight?Heard there’s not a lot of that about. ;-)

  17. What is the Stars – Don’t worry.

     

     

    I’ve got enough big moustachey man-kisses for you too. xx (thumbsup)

  18. BABASONICOS71 says:

     

    14 February, 2012 at 00:13

     

     

    My weekend in Keswick has earned me mucho brownie points, and with no work tomorrow…..yer on :-))

     

     

    Cults

     

     

    I believe Mohammed may be coming to the mountain on March 3rd. Absence makes the heart grow fonder :-)

  19. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. on

    HT

     

     

    I know your already through half way through it and since you’ll need to be keeping my niece company at work tomorrow I would suggest you enter your cellar (stair landin) grab yur bottle and get suppin.

     

     

    I know your already half way throw it already anyway.

     

     

    MWD

     

     

    PS How many hangovers are there gonna be I. Glasgow work places the morra.

     

     

    There will be happy hangovers and sad hangovers but most defo hangovers.

  20. celticrollercoaster says In Neil we trust on

    CultsBhoy loves being 1st says:

     

    14 February, 2012 at 00:16

     

     

    The threats to Lennon are all forgotten in Scottish football and life and will soon be airbrushed, if we allow it. It is up to us to ensure that this is remembered.

     

     

    They say all good things come to an end, perhaps it also happens to all bad things as well

     

     

    HH

     

     

    CRC

  21. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. on

    HT

     

     

    A furcoat you wur af turmora.

     

     

    MWPee

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