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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Apologies if you’ve heard it.
What do Daniel Cousin and cider have in common?
You can still buy both when you’re skint.
Just back from local Tesco’s, laden with every newspaper known to man. For some reason the shelves have been cleared of all jelly.
What’s going on!
Morning CQN, just passing Lidl’s prospective new site on my 2nd fast train this morning.
Big Nan – outstanding post, how I really wish I could share this moment with my old man.
A very very happy St Valentine’s day to you all.
Love
bjmac
Enjoyed the part in Tom English’ piece where he says the new club will have ZERO HISTORY!
I left Belfast in 73 and I’ve never been back, never really wanted to go back, but this morning I’d love to be there just for the craic.
I’m holding back from going into real celebration mode.
Theres no way back for ranglers but I have my party when it actally happens. Next week??
We now have to be extra aware as all sorts of skullduggery will be employed by TFOD as they try to continue to cheat their way of of the pit they are slipping into.
Big thanks to Paul and comrades for their great work.
Hail hail the Celts are here -forever!
murdochbhoy says:
14 February, 2012 at 07:59
I left Belfast in 73 and I’ve never been back, never really wanted to go back, but this morning I’d love to be there just for the craic.
…………………………………………………………..
it’s about time you got back over.
Sinn Fein Lord Mayor
Sinn Fein the largest political grouping on the council
No RUC
No UDR
IRA Commanders up in stormont running the place
sure the craics 90
UC
so 10 days then to the biggy? i was talking to a fan last night, who said he’ll still go and support them no matter the team. i laughed and said heard it. wait till your 4th in the league and struggle at every game.lol tbh i don’t think it has really sunk in yet with most of them as the media are still telling them everything is going to be ok. breathing space have over time on for the next 10 days. its not funny really the breathing space thing. but it kinda is.; )
KLV
It is all HMRC’s fault for being determined to win . . .
It’s all Lloyd’s fault for lending us money we couldn’t pay back . . .
Sounds like:
It was the fault of the big screen technicians . . .
It was the fault of Tescos for selling us booze early in the morning . . .
It was the Chelsea fans who did it . . .
Soon it will be:
It was all Celtic’s fault for . . . well, for everything.
Newsflash from Buddy can you spare a dime FC.
———————————————————-
“Simply the best” shall be replaced by “I don’t like Mondays” with immediate effect.
“There’s not a team like the Glasgow Rangers” will become ” There’s not a team called The Glasgow Rangers”
“Penny Arcade” too be replaced by “Money’s too tight to mention”
“Follow Follow” to be extended to “Follow Follow we will follow Third Lanark”
I shall be in Scotland next month and hopefully if all goes to plan I may be able to spend 30 secs teaching my grandchildren the history of RFC.
Is gloating bad? I only ask cos it is making me feel 30 years younger.
Anyone notice that wee snippet in the Sun about Strathclyde’s finest saying they needed proof from the Walking Dead that they could afford to cover the costs of policing the game on Saturday BEFORE it goes ahead?
Any points deduction for not being able to fulfill a fixture without reasonable excuse?
Is winning the league in February a world record?
this just in from Norway…
“Maggie Thatcher, Maggie Thatcher, can you hear me? Can you hear me? Lord Traynor, Sir Chick of Young, Sean Connery, Dazzle King, Mo Johnstone, Graham Beastness, Jig McGraw, Sue Barker, Orange Lodges, the Larkhall massive, Bomber Brown, Derek Parlane, Smudger, Andy Cameron, Jimmie Krankie, your boys took a hell of a beating, your boys took a hell of a…” (exits stage left)
Celtic and Rangers fans do have a lot in common after all – we all woke up this morning and realised it wasn’t a dream…
This ten days breathinng space, it really is cruelty by the media. “They are not in administration YET” may be the party line, while also saying that creditors won’t be getting paid during this period.
It’s like dangling a cat above a bin, closing the lid nearly all the way, opening it, closing it nearly all the way, opening the lid, closing it nearly all the way.. etc..
The cat thinks “I’m ok”, “no I’m not”, “I’m ok”, “No I’m not”.., but in reality the CCTV will catch Craig Whyte closing the cat in the bin before running off.
The rest is just creulty. Rolf Harris wouldn’t be happy.
Me, I’m enjoying the show.
Good morning all. And what a fine, fine morning it is.
Radio 4 had some worthy on (sounded Irish to me) pontificating about their predicament. Ended up saying we needed them to survive. Where do they get these people?
by the sounds of the police story, they have outstanding bills with them and the stewards. lets see how this plays out, lets see if they do them a turn. ;)
KLV
from the bottom of an empty barrel, I’d say
Ulster_Celt
I keep myself abreast of the news from Northern Ireland and I take immense pleasure from Belfast having a Sinn Fein Mayor which is perhaps one of the most significant changes.
You never know I might just go back one of these fine days.
Look after yourself.
The back lash will be awesome, with huns phoning the phone ins saying “why didnt u tell us” “yous all new” and they will somehow twist it to blame us.lol cant wait for that stage.
KLV
Like a great many posters on here,I never thought this day would dawn,but,it has,and with it,joy unbridled,it’s almost impossible to describe how I feel,ecstatic comes closest,but still falls way short of getting the point across.Only regret is that my father(god rest him),is not here to enjoy it with his friends and family,he remains the greatest supporter I have ever known,so,to Eddie mc Graw,Johnny Mooney,Davie Mc Clure,and Frank Stuart,I know you are all watching this and having a quiet smile,god bless.
I really must go and try to earn a living but, afore I go, check out the guys at 1.00
in to last night’s I’m John McKay Scotland Tonight.
It’s worth waiting out the adverts, trust me.
http://player.stv.tv/programmes/scotland-tonight/2012-02-13-2230/
Morning Paul67 and all CQNers,
no time for blogging these days. Just dropping in to wish all you bhoys in the workplace in Strathclyde and the central belt well, enjoy your day.
We’ve known this day was coming for 7 or 8 years, it’s finally arrived. Valentine’s Day Massacre:)
What’s fascinating is listening to the radio – 5Live – observing (with my ears?!?) the oldmedia lurch up alongside the new as the hours roll on.
So it’s new paradigm time, because for years the internet bampots have been light years ahead in terms of understanding the situation, now a kind of parity
may be reached in the next few days.
I haven’t read back here or on RTC but I guess the MBB heard Call Me Dave make cooing sounds to HMRC re Pompey and thought he’d chance his arm.
Who knows perhaps they even decided to act in concert in an effort at news management? Pure conjecture obviously.
But what is new is that we will all wait to see if he has an ace up his sleeve…has he stashed some dough so he can offer HMRC a hefty chunk?
Is that why he mentioned a £75m bill, is that his shot at softening public opinion?
“I’m offering £xxm to HMRC, it’s the best offer they’ve had from RFC,
it wasn’t my problem I’m just trying to sort it. Surely the revenue needs every penny these days.”
Also intrigued by the purely co-incidental news that Minty has a buyback option. Purely co-incidental that.
Hail, hail!
perfect metaphor
http://m.youtube.com/index?desktop_uri=%2F&gl=US#/watch?v=ZHSBZc8Mp0Y
My wife says she has never seen me so happy on St.Valentine’s Day.
I expect street parties in Manchester very soon.
Happy Happy Hail Hail
Morning all, hope we all had a good administration day!
Here’s a wee fact for you:
“There were 36,316 people on Celtic Quick News yesterday, all looking for details of the party” ;-)
The club that just keeps on giving,I’m sure we can milk this for years to come.
BREAKING NEWS : STATEMENT FROM RFC
Rangers Football Club, in the light of the woebetiding financial morass which has engulfed the club, have made a change to one of the club’s official songs and fans are asked to use this from next season. The song in question is ‘Follow, Follow,’ and the amendment is as follows:
Follow, Follow
Follow, follow, we will follow Rangers,
Everywhere, anywhere, we will follow on,
Follow, follow, we will fallow Rangers,
When they play in *** we will follow on.
*** Dublin can no longer be used for at least the next three seasons, as this pre-supposes that the club will be involved in a European competition. Instead, fans should use the following venues to correspond to next season’s fixtures :
Alloa, Annan, Berwick, Cumbernauld, Elgin, Montrose, Mount Florida, Peterhead, Stenhousemuir, Stranraer.
PS: Ok, woebetiding isn’t a real word, but kind of cute and appropriate, and I’m not sure if you can be engulfed by a morass, but engulfed they certainly are.
Portsmouth heat and light cut off, parent company called CSI!
Morning bhoys, on this fine day.
The death of 1,000 cuts is now on number 990 I’d say.
A grand old day to be a Celt, but then what day isn’t…..
Received my hard copy of the latest CQN magazine. First time of buying the hard copy and the quality is top class.
Thouroughly recommend it, I’ll be buying each one from now on.
Hail Hail, enjoy the day.
tully
29 point turnaround and counting :)
Good Morning,
Anyone else think it is a bit strange Whyte rushes out a notice of Administration on the day that the FSA move into his company Pritchard Stockbrokers because of misuse of funds.
Whyte trying to get his money and run before the FSA move on to his other business?
CRAIGWHYTECSC
Good Happy Administration Morning CQN!
see that, that’s Rangers grave that is
Each game at Ipox is now a major money loosing event in the eyes of any administrator.
1. Police Costs
2. Stewarding Costs
3. St John Ambulance
4. Pitch and Stadium maintenance (can they afford to turn the undersoil heating on?)
No income to speak of at the gate, no catering income, no income streams whatsever!
How will the hun season ticket holders feel about having to pay again to get in?
We need them to survive.
How ridiculous is that statement.
We need a parasitic organism to suck our life blood, to pick our pockets, to attempt to humiliate us, who calls for us all to go home, who has been up to it’s knees in our blood, who uses the subject of child abuse for laughs, who riots through the streets of friendly countries, who smashes up our stadium, who doesn’t pay taxes, rates or penalties, who ridicules our religions, abuses our team greats, who unjustly accuse us of being sectarian on national tv, who have brought shame to our game and country. We need them to survive?
We need them to die for us to thrive.
ice cream van outside ibrox
http://www.youtube.com/watch?v=aSLGqESxoyA&feature=mfu_in_order&list=UL
Has Campbell Ogilvie resigned yet or is he waiting for the official HMRC announcement?
unhappy huns outside mordor
http://www.youtube.com/watch?v=PIjgyHui3A0
Sheik Yerbouti says:
14 February, 2012 at 08:51
There’s not even that many of them there. Where are they all?
Hiding at home because of the humiliation of it all I guess.
heheheh