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.
If you would like to read CQN Magazine online (for free), click here. You can download a pdf of the magazine using the button at the top of the page, second from the right. Click on the link below to order a hard copy of the magazine.
You can support the online edition by making a discretionary donation here.
835 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- ...
- 22
- »
Why aren’t they astoning Mark Dingwall “Grandmaster Suck”?
Vmhan Supporting Lenny! …. Celebrations! says:
13 February, 2012 at 21:43
As I texted you this evening my friend. I may occasionally send you texts from time to time with some things I hear but I will never ever be able to repay you and Derryghirl for the text I got this afternnoon. I love you both always. You were the first to let me know the greatest of news.
I was fifteen months old when JFK died, some say they will never forget where they were when the sad news of his passing. I unfortunately I cannot remember. However, at precisely 15:05 on the feast day of St. Huno I received the news through a text from Vhman that I had yearned for it read:
“Rangers go into administration stv news, from Derryghirl!
The best text ever, ever, ever…
Supporting Neil Lennon and CFC until I die
Keep the Faith!
Hail Hail!
What a great day. Just wish my da had lived to see it.
We should now show the “no celtic without them” brigade how wrong they are
with 62,000 sell out crowds at Celtic Park against the Pars and the Mothers.
I know it will be unlikely on Ash Wednesday, but we should certainly see a full house
on the Saturday.
Any chance of a wee Thai tims video clip of “jelly and ice cream” appearing soon?
ggh
bhoyfromcroy says:
13 February, 2012 at 22:36
oops… was it meant to?
Fraser Wishart talking about advising players on contracts. Seems to realise that the hun position is much worse than Motherwell or Dundee.
John McKay – “can`t be in HMRC`s interests to let Rangers fade away surely”
stop clutching at straws you rectum
pogmathonyahun says:
13 February, 2012 at 22:28
You couldn’t make it up…
Keep the Faith!
Hail Hail!
I want Fergus back to unfurl the Flag!
The Old Firm war of words over Paul Gascoigne’s flute-playing antics continued last night when Celtic hit back over criticism by the Rangers chairman, David Murray, of his opposite number, Fergus McCann.
Murray was furious with the Parkhead managing director after he sent a letter of complaint to the Scottish Football Association over the England midfielder’s controversial gesture while warming up on the touchline during the Scottish Premier Division match at Parkhead on 2 January.
Gascoigne issued a public apology after Rangers’ 2-0 win against Aberdeen at Ibrox on Saturday, expressing his regret at his actions and disclosing he has been fined pounds 20,000, which will go to charity.
Murray reacted angrily when he discovered McCann had sent a letter to the SFA demanding action against the player. In a tersely worded statement yesterday, Celtic responded to Murray’s own complaints as the row simmered on.
The Celtic statement read: “David Murray is aware of why Celtic sent a letter to the Scottish Football Association regarding wider issues than solely Paul Gascoigne’s recent actions at Celtic Park. Although he has made public remarks through one newspaper, he has chosen not to comment on all the issues raised in the letter. Celtic has not made this a public matter and has no wish to at this stage. Celtic will now await the Scottish Football Association’s response.”
Earlier, Murray had questioned why McCann had felt the need to write a letter of complaint to the SFA. He said: “Just as it is not for me to tell Celtic how to conduct their affairs, it isn’t for them to tell me how to conduct mine. I am disappointed that, rather than write to the SFA, Celtic couldn’t call me if they felt strongly about what Paul Gascoigne did. We have sorted things out in the past and I think Fergus [McCann] has set a dangerous precedent.”
if it really all amounts to 75M I suppose very few of us realise just how much TOCK was in that TICK!
lochgoilhead bhoy @22:36
On the case!
HH
Jabbas lost weight . Good for him
JimmyQuinnsBits says:
13 February, 2012 at 22:37
bhoyfromcroy says:
13 February, 2012 at 22:36
oops… was it meant to?
was saving mine till you called me a hun!!
John McKay asks studio guest – “Do you blame David Murray for the situation WE are in?”
McKay uses the “we” word.
Smell the fear…
ToneLoc
Grandfathers are underrated mate
God Bless you Paddy Gallagher from Bundoran,
you would have danced and sung like there was no tomorrow..respect big pal.
Sircumcision.
John McKay
Is it David Murray’s fault the situation we find ourselves in!
Mackay on STV addresses Dingwall with the phrase, “The situation WE’RE in!”
Dearie me….
AAAAAAHHHHH!!!!!!
According to that moron Dingwall “Sir David” has a series of companies turning over one billion pounds!!!
HHHHAAAAAHHHAAAA!!!!!
STV now
Oh it’s not jabba .. who’s that fat hun ?
who is this partisan baldy half wit who keeps referring to the Bosch as us?
Good evening one and all. I have spent the past few hours catching up on the many fantastic contributions since this afternoon on this most special hub of Celticness. I just saw Duffield’s stuttered attempt at an interview on SSN. Ulster-Celt quotes one of his answers pretty well. So many have posted words that sum up that club and their history on and off the pitch much better than I ever could, but the use of the word ‘shameful’ says it all. As someone superbly put it earlier, ‘this is not the end, this is just the beginning of the end’! Sit back and enjoy watching Walter Mitty’s Showtime! Paul and all others on here, I salute you! sTICks
Paul67
Next comes the Beatles – TAXMAN courtesy of the HMRC lol!
http://www.youtube.com/watch?v=Maz9ddxEQnM
Paul67:
Been out all night posting away on an old thread, shame on you…:)
SDM has a buy out clause is this true?
Keep the Faith!
Hail Hail!
Barrach Obampot says:
13 February, 2012 at 22:21
Ditto.
JimmyQuinnsBits
LET THEM DIE!
Lennybhoy….
Astounding.
Serendipity?
Or a Gift from Ghod?
http://www.catholic.org/saints/saint.php?saint_id=3824
This mad hun that STV have wheeled out looks like a cross between Alfred Hitchcock and Jabba – but at 25 stones much skinnier
I dislike Tom English, but I bet his Irish tones are like nails down a blackboard to Dingwall…
Who is the Irishman on STV?
Dark Mingwall
Bonkers.
They are hurting so badly – but they still think there is a way out of this.
Some way. Any way.
Lennybhoy
I know the feeling, you were first to let me know, I gave you special thanks today………..Cheers bud..!
Emdae got the thread where owl lizzie sends a spitfire to bomb £land?
Awe_Naw_No_Annoni_Oan_Anaw_Noo says:
13 February, 2012 at 22:20
I never believe a word you write;-)
However Wikipedia says King Billy of England, Scotland and Ireland
“Reign 13 February 1689 – 8 March 1702”
Have you Awe Nawed Wikipedia?
Has fat dingwall got Daniel Cousin stuck in his throat jeeeeeeez.
Goodnight Timland.
HAIL HAIL
Wishart fradulently referring to himself as a “football administrator” now.
Dingwall in cloud cuckoo land!