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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Wishart – liquidation a real possibility.
Dingwall – the huns are too big to die
It’s been a long day, it has!
Anyone know of anyone who’s looking to buy a big blue stadium?
I could throw in a few of the remaining duds, if that’ll help?
Got to look after numero uno, know what I mean ;-)
If Mark Dingwall is the best the Huns fans can muster they really are up **** creek.
No understanding at all of the size of the hole they are in.
Paul67
I have posted before that Ticketus policy is tohave credit default insurance for the monies they lend so Whyte may not have needed to pledge Ibrox.
PJBhoynyc says:
13 February, 2012 at 22:40
God works in mysterious ways…
What’s the best choice for rangners…..Just DIE!
Emdy know where I can find a BLUE KNIGHT?
MWD
Just my bloody luck to be in Barbados when the poo and fan collide back home.
If the Scottish Minister thinks she has any jurisdiction over HMRC she is in the wrong Parliament.
There is quite an interesting political dynamic going to emerge with Rangers becoming a metaphor for the outcome of the Scots governing themselves.
Interesting times. Noo wheres the sun cream?
bhoyfromcroy says:
13 February, 2012 at 22:38
I think its only fair, as I’m nearin fifty, that you should start contributing to my drink fund. Think of it as a pension… sort of. You get me bevvied, and I sing ould songs outta tune and wi the words mixed up. Can say fairer than that.
Could throw in the odd fight or two for a bushmills?
I just keep on givin
‘A Blue Knight…………’
Cockney rhyming slang from ‘andsome ‘un Mark?
Stoatir.
Tom McLaughlin 22.27
Well put yet again. Wife just fell out with me cause i will remember this holiday for different reasons than her. If only she came from a Celtic family & not a St Mirren(hate them) family, she would understand. Hope your blood pressure stays low during this excitement.
C W
Has the asbesto been removed?
asbestos even lol
Comment server had a bad day. Tired and full of ice cream.
MWD you.ll love this I,m working on a recipe for Stornoway Black Pudding flavoured ice cream and Smoked Salmon jelly!!!!! good day to be a Celt. Hail Hail Hebcelt
MWD you.ll love this I,m working on a recipe for Stornoway Black Pudding flavoured ice cream and Smoked Salmon jelly!!!!! good day to be a Celt. Hail Hail Hebcelt
lets make sure they do not come out of this stronger.
1st pos long time lurker . been reading the site for years just had toipost today. Not sure how long 2003/04 rings a bell. terrible with dates. know I was in America at the time but was there in 1999
too but think that might be too far ack.
Sorry bout the typos using esmy phone to post this. hope no one else has thought of this cos it has taken ag
oh well here goes. a wee song for you. and only one word needs changing from the original.
there is a party goin on round here
administration to last throughout the year
have your good times and your laughter too
we are gonna administrate a party with you
COME ON NOW ADMINISTRATION
WE’RE GONNA ADMINISTRATE AND HAVE A GOOD TIME
HAIL HAIL
Whoppdie feckin doo!
We don’t need no stinking Rankers.
HH
/Bishop B
James Forrest…21.59………some man…!!! my thoughts entirely
why are the media peddling the ‘negotiation with HMRC’ line?
Can I negotiate with them over my tax?
.
Roses are Red..
Rangers are Through..
Lucky 13th..
We Bid You.. Adieu..
Adieu Adieu..
Summa ft HappyAdministrationDayCSC
Che, sure have.
BIG-CUP-WINNERS, one day at a time, and there are many important days to come.
SOAL, ha!
Lennon n Mc….Mjallby, aye.
Buddy Morrisey, ha! Good one.
Awe Naw, please verify that.
Freddiebhoy, yes. Without a word of a lie, I had just said, “Need to pay HMRC today” when the news came through.
Sheik Yerbouti, ha! Like it.
suttons volley, will do.
ASonOfDan, your comment has been hooked. Aaaaaaaaargh!!.
jtsTICks, cheers.
Lennybhoy, forget about David Murray coming back. He would be left with a worse situation than he evacuated. Not going to happen, no appetite for it, not cash to fund it, no bank permission.
It’s a theoretical question Alastair Johnston was asked on R Scotland tonight. He dealt with the question well.
derbyshirebhoy, I can’t see insurance for this one. Unless the insurance company had security!
greenmachine2012, welcome. It was 2004 we started.
ASonOfDan says:
13 February, 2012 at 22:40
its the humane thing to do
BoscoBhoy…….they’re not coming out of this at alll….!!!……in far too deep……there’s more to follow
LOL rangers are not big buisness
huns new song ‘ i’m rangers till THEY die’
Just back in having a nice glass of brandy,where is the JELLY AND Ice Cream video.Slan
Bhorfromcroy,
you still on? Saturday – yours or G’s?
yogi
I’ll be in touch big fella.
Speirs nearly in tears on shortbread newsnicht
Back to Disco
http://www.youtube.com/watch?v=kKuD7XH7us0
Hebcelt
Funny you should talk about Stornoway Smoked Salmon and Black Pudding.
I just enjoyed a full half slice of the Smoked Salmon and I’d just like to tell you it was probably… No. Let me rephrase that. It was the most perfeclectly succulent juicy smoked salmon that has ever passed these lips. Unfortunately the good lady ate the other half.
Having a celebratory breakfast tomorrow of Stornoway Blackpudding too.
Yummy Scrummy Yummy Yummy Scrummy Yummy.
I wonder if the Huns could stomach it though.
MWD
tell all the huns you know that your going to bust and we’re no
This is truly disastrous news coming as it did today.
It’s my best mate’s birthday,and I couldnae celebrate it properly.
Matter of fact,the poor sod still disnae know.
Gonna buy the record later and leave it on the table.
P67,
please accept this in the way its meant… I know you have a good crew behind you, but I know someone who knows the kit inside out… if he can be of help send me an email.
cheers
JQB
FW all english (Chelsea ) fault
MWD
More Blackpudding?
Slimfastcsc