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Breakdown on taxpayers £75m hit

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By on CQN BLOG & Comments

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. BABASONICOS71 on

    My next door neighbour is of the blue persuasion.We often take deliveries of parcels for him or his family when they are out.I am hoping we get one for him in the next couple of days.I’ll wait until my good lhady and khids are home then knock his door,when he answers he’ll hear music eminating from our abode and see the four of us standing with his parcel.We will then pass it to each other until the music stops then give it to him with a big,collective hoopy smile on our timmy faces.

     

    Please Mr. delivery man visit me tomorrow.

  3. macanbheatha on

    pigalle says:

     

    14 February, 2012 at 01:22

     

    Yeah, could’ve phrased that better.

     

    Oiche a chairde ,8 hrs solid at the comp. eyes are beginning to look Whytyesque

     

    Slán

  4. stephbhoy on

    TopCorner says:

     

    14 February, 2012 at 01:17

     

     

    think that lot would have a heart attack, even thinking about life after RFC, but you know what its out of their hands and the thinking caps will need to get put on or the SPL will be in real trouble

     

     

    if they dont change it to suit, then the rest of scottsh football will struggle before falling into part time welsh league levels.

     

     

    i dont think celtic will hang about for that particular party, i would be surprised if they did not then push strongly for an out, but with good reason ligit grounds, due to ranger’s demise

     

     

    but no matter what that lot must be treated as equals and suffer for their misbehaviour, no funny hanshakes please

  5. brannybhoy on

    Paul67

     

     

    youre definitly …..

     

     

    piling on the agony

     

    turning on the style

     

    its 1,2,3,4,5,6, 75 million

     

    we’re laughing all the while.

     

     

    HH BB

  7. celticinthesun on

    What a wonderful world.

     

     

    Goodnight Celtic on one of the greatest days I can remember,

     

     

    x

  8. hamiltontim on

    JQB

     

     

    I appreciate your endorsement :-)

     

     

    I was offered the chance of publication probably 20 years ago now. In those days it would have been too personal and too radical for the eyes and ears of CQN, I don’t think that’s altered just yet :-))

     

     

    I regret it so keep pushing your daughter!!

  9. pigalle on

    macanbheatha says:

     

    14 February, 2012 at 01:28

     

     

    I’m just about keeling over myself.

     

     

    But still trying to make sense of it all.

     

     

    The drink has taken its toll.

     

     

    But it has done its job too.

     

     

    Here’s to this big day.

     

     

    pigalle

  10. reilly1926 on

    I didn’t think I could detest Nevin even more but I’ve just watched footage of him on tv tonight. I think I heard him say about Rankers going into administration was that it was “Morally corrupt but a great business decision.” Sounds like the lowlife was trying to justify what he did at Motherwell when players, staff and local companies were shafted by him and Big John ???? (It came across almost like he was proud of his past actions)

  11. Tricoloured Ribbon on

    They are down,wounded but not finished yet.

     

     

    The biggest ever Masonic campaign will be mounted in the most bigoted country in the world to maintain them.

     

     

    Total focus on the park required now to finish them.Go to it Celtic.

  12. brannybhoy on

    Could any of you bhoys still up point me in the direction of any foolo foolo stuff that may have been put up earlier.

     

    Not had a great day believe it or not.

     

    A wee chuckle at hurtin huns would certainly cheer me up some.

     

     

    HH BB

  13. pigalle on

    Goodnight CQN

     

     

    Goodnight Celtic

     

     

    Goodnight Kojo ( for this is your usual message and I be sad you not be here tonight)

     

     

    Goodnight The Rangers, for you once were a powerful force, but now, it’s just funny…

     

     

    pigalle

  15. pigalle on

    I cannot believe on this night of nights that I am the only one awake.

     

     

    And only just.

     

     

    C’mon.

     

     

    The huns’ve just gone bust.

     

     

    And I’m supposed to go to bed but what the hell.

     

     

    I am trying to stay awake to savour.

     

     

    Is that not right ?

     

     

    pigalle

  16. BABASONICOS71 on

    Alan Partidge on Dave just now.Alan on phone to his son,Fernando (already funny);

     

     

    “Fernando,you’re 22 years old and you’re spending your Saturday afternoons in bed with a girl,you’re wasting your life.”

     

     

    I thought i’d used my whole quota of laughs up for the day,seems not.

     

     

    Anywho,time for some zeds.I might even buy a paper tomorrow.

     

    Sally’s podgy and Vague Shyte’s dodgy.

     

    G’night to every bhoy and ghirl wherever you may be.

     

     

    FOREVERANDEVER!!!

  18. pigalle on

    Three posts in a row.

     

     

    That is sooooooooooo wrong.

     

     

    A late night podium when THE PARTY should be in full swing.

     

     

    Petted lip CSC

     

     

    Can no understand this.

     

     

    Offski now.

     

     

    pigalle

  23. Lisb\o/nbhoy who thinks Neil Lenn('0')n is a legend on

    Spare a thought guys I have to go into work tomorrow and have to listen to them say

     

    they knew that something like this was going to happen and listen to their new cunning

     

    plan to resurect their club. Whilst for the last 2 years I was just the delusional token tim

     

    in the office

  26. PJBhoynyc on

    Credits where credits due..

     

    SDM

     

    The Knight of The Long Knife….

     

     

    CW

     

    The Great White Shark….

     

     

    HMRC

     

    The Mark….

     

     

    Oh what a wicked web we weave……

     

    Roll on The Spring with the Sting.

  29. Margaret McGill on

    ‘GG says:

     

    14 February, 2012 at 02:40

     

     

    Thanks for that. Spiers seems to forget that the huns couldnt wait for Celtic to be financially obliterated in 1994.

  30. PJBhoynyc on

    ‘GG

     

    Just watched it myself. Thank you for that sir.

     

    That Stephen Morrow lad looked like a wee boy at school who was desperately trying to stop a laughing fit.

     

    Speirs looked distraught.

     

    Comedy Gold.

     

     

    Roll on the Future…

  31. zimmerman on

    couple of snippets from orc land.

     

     

    I’m hurting

     

     

    Not ashamed to admit it

     

     

     

    I’m on here every day without fail , love it

     

     

    Buy today’s events have made me that gutted , I’m having a break from it all

     

     

    Hopefully we will come out of it stronger together, fans and the club

     

     

     

    Maybe 10 days time we shall know more

     

     

    Hopefully check back in then

     

     

    Try not to be too down unlike me

     

    ——————————————

     

    hink I need to do the same mate before I end up going to B&Q for some rope….totally fuckin gutted :disappointment: Fair play to all the Bears trying to keep the spirits up

  32. PJBhoynyc on

    Maggie.

     

    Freudian slip from Speirs…

     

     

    If it was Celtic it would be the other way round..

     

    Indeed it was Speirsy, indeed it was.

  33. Sneddoni on

    Hey,

     

     

    Does anyone have a link to the photo of Neil and Tommo celebrating? I am sure you know the one I mean!

  34. 'GG on

    Situations Vacant

     

    The Rangers Football Club, or its successor, has a vacancy for a part time Geography teacher.

     

    Requirements:

     

    Must be familiar with Scotland’s Geography.

     

    Must NOT be a Timmy

     

    Duties

     

    To teach geography to Rangers first team players and the bus driver, who are unfamiliar with diverse Scottish locations such as:

     

    Alloa, which, we just checked, is not in Hawaii. Naisy was getting excited and had made an appointment to get his hair bleached.

     

    Stranraer, which we usually only travel through in July.

     

    Annan who is not a girlfriend of McGregor.

     

    Clyde, our groundsman is curious as to how they manage to keep the fiield dry.

     

    Berwick which seems to have been scrubbed from our in house maps.

     

    Montrose, see Annan

     

    Remuneration

     

    Open to negotiation, but we will be reasonable if you can pay us in used notes.

  35. Summa of Sammi.... on

    .

     

     

    G’Day CQN..

     

     

    About 15mins before the News Broke l posted an Article from the CSA.. On How Important the Celtic Support was to Scottish Football..

     

     

    I then Fell Asleep 3:30am Local.. Only to Wake 30mins Latter.. Instead of Checking CQN l checked Twitter.. That was 11hrs Ago..

     

     

    The Banter has Been Superb.. And it Has been Banter.. Therein Lies the Difference.. CQN.. Twitter.. Facebook..it’s all there for You to See.. And Read..

     

     

    This is Just the Beginging..

     

     

    It will Certainly be a Fasinating next Few Weeks..

     

     

    In One thing l trust..

     

     

    Neil Lennon won’t let this Young Squad get Distracted.. Let Us as a Support Have Our Day.. It Has Come..

     

     

    Keep this Run Going Celtic..Eyes on the Prize..

     

     

    Summa

  36. miki67 on

    Racist,bigoted thugs…top to toe ; good riddance. Not called ‘animals’ for nothin’. At least now they’re slaughtered!

  38. 'GG on

    I used to work in the Gulf.

     

    The local Social Security Administration was called the

     

    Public

     

    Institute of

     

    Social

     

    Security

     

    Or PISS as the expats called it. Not sure what the local knew it as.

     

     

    Now I wonder if the people who renamed the Inland Revenue as

     

    Her

     

    Majesty’s

     

    Revenue

     

    Collectors

     

    was a relative or someone from Scotland of the Carholic faith

     

     

    Good night and sleep with sense of satisfaction

     

     

    ‘GG

  41. Michael Collins on

    A very nice day to be a Tim but I hope everyone at home will take care over the days and weeks to come. They will not die quietly and will be looking for innocent victims to vent their anger.

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