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. CultsBhoy loves being 1st on

    right off to my scratcher ..need to be in work early…well don’t need to be ..but I REALLY REALLY WANT to be in early..!

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

    Does embdy still want a copy eh ma letter.

     

     

    Well yeez URNy gettin it.

     

     

    MWD

  3. playfusbal4dguilders on

    Topcorner 00:16

     

     

    Alan Johnston let slip on Bbc radio tonight that SDM owed LBG £800M

     

     

    But everybody of this place has heard that before.

     

     

    Play

  4. THE EXILED TIM says:

     

    14 February, 2012 at 00:16

     

    **********************

     

    I’ve been following you’re posts re Celtic outside Scotland for a while and this is the first time you’ve named any names, I hope it all comes to fruition as our club are held back by the auld firm tag in scotland and IMO cheated by the establishment supporters of the rangers, I’d hope if it does happen we can also maintain a team in the lower leagues of Scotland (initially), the Celtic supporters will back both teams, we have a worldwide Celtic family which hasn’t properly been tapped into, bring it on.

     

     

    V

     

    HH

  5. Gents

     

     

    as we rejoice in their demise may I take this chance to remind you to be careful in future weeks/months

     

     

    their fans have always been renowned for the hatred and agression towards us, this will multiply 10 fold

     

     

    stay safe and pick your moments for laughing at them as the lowlifes in their support (approx 97.8%) will lash out at all and sundry

     

     

    HH and stay safe

  6. Tricoloured Ribbon on

    Do the Huns have to go into liquidation before their players become free agents or can that happen in administration?

  7. celticrollercoaster says In Neil we trust says:

     

    14 February, 2012 at 00:15

     

     

    On a night like this I don’t want to be in a disagreeable mood but…. I can’t agree with that buddy.

     

     

    Fergus was brilliant, absolutely stoic in the work he carried out for us. However, for me the stadium is his legacy. He saved us from what is today facing our adversaries and for that our gratitude will be boundless but his policy permitted the huns to equal an achievement that should never have been achievable, 9iar.

     

     

    He will be forever a hero, but a statue? Naw.

  8. Thank you Paul and thank you posters for enabling me to share your thoughts, opinions and humour on this momentous day. Several Bell’s downed tonight and I know I will sleep well and hope to be blessed to awake and enjoy what tomorrow and future days will bring. Dearly hope some loved ones who have passed are able to share these special times with us.

  9. What a fantastic 12 hr nightshift i am having , walking about with a spring in my step.

     

    Some huns still got their heads in the sand mentality , will never happin to us haha well it has

     

    And good riddance . Thanks Paul always prayed this day would come , was worth the wait . Hail Hail. T time now , some ice cream and jelly me thinks :-D

  10. into admin “10 working days” from today

     

     

    including today ?

     

     

    Mon 14th, Tues 15th, 16th, 17th, 18th (5 days)

     

     

    weekend 19, 20

     

     

    Mon 21st, 22, 23, 24, 25 (5 days)

     

     

    weekend 26, 27

     

     

    ADMIN DAY ?? – Monday 28th Feb ??

  11. Vmhan

     

     

    I didny mean to, honest guv, it was a mistake :>)

     

     

    It’s happening, as far as I am aware it’s been happening for a while, the big boys are no happy with uefa, not enough of the pot and they want more, and we are well in the mix.

     

     

    I will hpoefully find out more at the weekend, but my amigo was over the proverbial moon.

  12. Tricoloured Ribbon says:

     

    14 February, 2012 at 00:11

     

     

    Not quite, TR.

     

    Born in Union Street.

     

    Badly educated at Carrownaganonagh School, Donegal ( driven out of Clydebank by the Blitz ),… OHR primary,… St. Pat’s , Dumbarton secondary, with further education at every dog track in Scotland.

     

    Still in the Donegal outpost that built the world’s greatest liners.

     

    A lot of wasted effort by a lot of long suffering teachers.

  13. celticrollercoaster says In Neil we trust on

    Vmhan Supporting Lenny! …. Celebrations! says:

     

    14 February, 2012 at 00:29

     

     

    Taggsbhoy arranged a great night..but not sure how MWD ended up in the winning team.

     

     

    All in a great cause and typical that it just sums up what Celtic fans are about!

     

     

    HH

     

     

    CRC

  14. Long time appreciator of this wonderful site. High time I posted to say so. Well done Paul.

     

     

    Just finished my second bottle of jelly and ice-cream, and have spent a long day on FaceBook pointing out the error of their ways.

     

     

    Time for bed – and no worries about work the morra.

  15. Well the Toro Loco has deserted me, just me and my old friend Drostdy-Hof left standing.

     

     

    7.30am will not be pleasant I am sure but needs must.

  16. celticrollercoaster says In Neil we trust on

    hamiltontim says:

     

    14 February, 2012 at 00:31

     

     

    We are allowed to disagree my friend… that’s what make us different. We do not always agree but we get on.

     

     

    Just means you will not get a valentines from me :-)

     

     

    HH

     

     

    CRC

  17. Silver City Neil Lennon on

    I think a player only becomes a free agent if the club fail to pay him. I think a Hearts player left for that reason and that is without an administrator running things.

  18. suttons volley says:

     

    14 February, 2012 at 00:28

     

    ***********************

     

    Wise words for our Celtic amigos who live in Scotland, they will run amock akin to a raging bull but without the brain cells of the bull, travel together and stay together when you’re socialising, I’ll be much more wary when staying up the road in Scotland.

     

     

    V

     

    HH

  19. Philvis

     

    That tale from the script of hun HQ was deliciously macabre. and your addendum hilariously

     

    apposite the hun mind it’s profane desire to be always in the eye an imagined lurking gentry

     

    doff-matic in quick tug forelock release the crest emblazoned blue baseball cap in deference

     

    always the superior handshanker.

     

     

    Awe_Naw….You alone after Paul, in sterling work on here have by osmosis capsized the huns

     

    plan in comedic form completely.

     

    Wunderbar.

  20. Paul67, one last thing..

     

     

    Do you have any knowledge of what AJ was saying ( on Shortbread) that the huns were trying to “migrate” the RFC debt onto Murray’s company ?

     

     

    And somehow the MBB spoiled the party by laying down the pound.

     

     

    Sounds like the powers that be at Rangers will NEVER aknowledge any wrongdoing.

     

     

    They just wanted to be on top, to make everything else go away.

     

     

    Have they ever said they were in the wrong ?

     

     

    Will they ever ?

     

     

    pigalle

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

    Top Corner

     

     

    If the go into Admin on the 29th they only have to commiserate every 4 years.

     

     

    :=)))))))))))

     

     

    MWD

  22. Tricoloured Ribbon on

    Kilbowie Kelt,

     

     

    OHR,St.Eunans and St.Pats for me too bud.Then the Radnor for over 30 years.lol.Still ma pub although I reside in Free Derry now.

     

     

    Originally Glasgow Rd,opposite Holm Park then Drumry.Clydebank-love it tae bits.

  23. Vmhan

     

     

    I live in Glasgow southside and I know this will become an issue, just encourage your mates to stay in a group and not to wander off pished alone!!

     

     

    sad inditement on my fair city but an honest one, I fear too many celts will be blinded by joy and not realise the ferocity of the backlash.

     

     

    thanks for the response mate

     

     

    HH

  24. paulsatim is neil lennon says:

     

    14 February, 2012 at 00:43,

     

     

    Nice one.

     

     

    Last beer before bedtime.

     

     

    Not been a good day for my health and fitness regime.

     

     

    Árd Macha

  25. MWD

     

     

    You forget mate I only work about 20 weeks out the year :-)

     

     

    Your niece text me earlier, apparently “Jelly and ice cream” was getting belted out at Noel Gallagher in Manchester this evening!

  26. ArranmoreBhoyLXV11 on

    Truly…. This has been one of life’s great days…

     

     

    We shall not be moved…

     

     

    Goodnight…. Oh the papers soon….

     

     

    Like Christmas eve!

     

     

    HH

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