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
- ...
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- ...
- 22
- »
Succelent lamb on radio 5 now
Headtheball : Nice one.
Particularly grim when you can only afford Old Kent Road.
Hopefully for WHyte it is “Go to Jail, Go directly, Do not pass go,
do not collect £200.
ggh
ITALIABHOY
Whit,nae cracked crest?
Looks like I picked the wrong day to quit eating jelly.
Its all whyte’s fault… Succulent lamb. Radio 5
hebcelt says:
13 February, 2012 at 23:01
If you get there with the recipe, lets sell it for Vanessa. Reckon you’ll make a Marc-Antoine!
HH
CRC
The bould b’hoys says:
13 February, 2012 at 23:14
Wishart / Spiers
Paraphrasing:
“No surrender.”
Newsnight Scotland:
Thought the only cheery guy on it was the wee tax fellow.
Obviously not a follow follower!
Is it just me or is there a crisis at Ibrox???
You know if only everyone read CQN. Then today’s events would have been no shock and the intracacies of the situation would be clear.
Whyte now thinks he has a negotiating position with HMRC – agree to take some money or I will bust the club. Wonder if they’ve ever heard that one before?
I can’t see a deal being struck and therefore a CVA is a non starter. Liquidation comes next, Whyte takes his money and runs and we see who will be running the Newco.
Great fun, isn’t it?
No succulent lamb for me, Much prefer jelly and ice cream.
terrific Homebhoys Show tonight with Joe, Harper, Paul and Jason
Am I alone in finding Shona Robison’s observations absolutely incredible.
A senior political figure (in the knigdom of Salmondit does not take much to be senior ! ) to support an organisation blatantly seeking to ‘evade’ payment of income tax with no consideration for the impact of that potential fraud…..
In any other democracy such outrageous suggestion from an empowered government spokeperson would be followed by an enforced cllamour for resigntaion from that individual….
Not in our bitter wee pathetic country…..
If anyone still thinks voting SNP and voting independence is a credible option for our future then hopefully they will think again after this.
Proud to support a team that pay their dues/taxes to society to help the less off. Night night, the wine & cava was good. Hx2
Paul67
Forgot to say thank for giving us all the chance to spend this momentous day on your blog.
You’ve made this happy Tim very drunk. Or words to that effect.
praecepta says: 13 February, 2012 at 23:23
My thoughts exactly! I was half expecting him to jump out of his seat and shout
“get it up ye ya mankie huns” ;-)
DR headline looking for divine intervention ….. What a hoot!
Privatefrasercfc
I will NEVER vote snp ever!
Gordon_J
It’s not nice to gloat. I’m gonna let you off on this occassion. :=)))))
How are you?
MWD
Burnley78,
Ah but it’s tax to London that the huns haven’t paid. And they are a Scottish institution, you know.
Debunking these outrageous myths is a mjaor priority for ALL supporters of other clubs not just Celtic over the next few days….I have not met a single supporter of any other club who thinks Rangers should be given the golden ticket back into the top tier.
This body of opnion has to be given amplification or clowns like robison will believe the media agenda that the majority do ant rangers to continue.
ItaliaBhoy says:
13 February, 2012 at 23:20
that… is a hoot
the bank has Murray’s undercarriage between two bricks, it’s what forced the sale to Whyte in the first place. How can they not get it?
Right… ahm gonnie be a journalist, how hard can it be? You’ve got idiots who can hardly spell, writing for national newspapers. Where’s the investigative effort, the incisive analysis, the objective conclusion? And why am I asking? Am I an idiot? – I know the answer. I deserve a right good kickin… and not for the first time I may add. Sometimes yer a tube JQB.
Vmhan Supporting Lenny! …. Celebrations! says:
13 February, 2012 at 23:11
Lets see apart from the list below, everythings rosy down ibORCS way……..
There’s;
1) the big tax bill
2) the wee tax bill
3) current PAYE commitments
4) NI contributions…. there is also
5) utilities bills i.e. electricity
6) water
7) gas
8) maintenance bills ye know from the MIB employers.
9) hotel bills
10) transport moneys
11) accountants fees
12) solicitors and
13) wages……
14) admin….. ok stationary
15) payment of debt facility
16) GCC payments, council tax etc
17) Insurance…..
18) Asbestos thanks bigphil47
etc….. please feel free to add to this debtors list, I suppose it could also be part of a party invite…… :¬)
V
praecepta
The guy on newsnight there Stephen Morrow, my immediate thought was RTC.
He sure had a job to stop himself bursting out laughing.
MWD,
Had a busy day planned but got nothing done this afternoon. Still, feeling better than I have in a while!
Re: Shona Robison’s comments.
The SNP below Salmond are a rum bunch. Not much talent there. Sounds to me that she responded to a question with a pat reply, only forgetting the bit about companies needing to pay their taxes (so-called leftist parties like the SNP tend to be keen on the pay your taxes bit).
I wouldn’t read too much into it. She has no power over HMRC anyway (nor should she), and Salmond is far too astute to become embroiled in a dispute between HMRC and a thoroughly dodgy character like Whyte.
The SNP might put a bit of pressure on the SFA re: NewCo, but I’d doubt very much they are about to go into battle for – of all clubs! – RFC.
BHOYS PLEASE;-),so i can go back and read todays posts,
does going into administration mean the huns can avoid paying the tax bill,
arguement with orc in work
what a night at barrowfield for the kids at under 12 and under 11 training the great and zidans fav player lubomir moravcik was kind enough to come and watch the kids train to night he also showed the kids the sublime skill he still has and what a sit it was when the kids showed them ther LUBO turns thank you LUBO…
as for the huns let them die die die ya huns i dont know any true celtic fan who wants them to live they are cheats they are bigots and most of all they hate us for what we are.
nicely put, Paul…
haha…
There are not words powerful enough to describe today’s news. The English language is insufficient and I have no Greek or Latin.
Tell all the huns you know
That their knockin St.Peters door,
He says ‘you’ve ran out of luck,
Take yer titles to feck,
The devil is waiting below!
TET,
Yes, Morrow was stifling a grin, Wishart looked funereal, and Speirs looked like he should be on suicide watch.
The RST spokesman….
Craig Whyte came in here wi his eyes open…
If he wants to maximise revenue streams he needs to let the fans know his plans!!
Silly Billy!
Revenue streams from the fans????
Ha ha ha
Whytey had been paid for those streams in advance from ticketus
owen says:
13 February, 2012 at 23:27
good to see your name on here again. you’ve been missed
Gordon J
Yes it is that kind of irresponsible behaviour which any kind of have credible opposition to the SNP could nail them with……..
Sadly the pathetic range of opposition talent in our expensive ‘waste of space parliament’ is unlikely to even see such a ‘gift horse’ never mind seek to jump on it’s back and ride it hard…..
A joke even more expensive than the rangers tax non payment.
Vmhan
19) Coatbridge Roofers bill
“This cannot be allowed to happen.”
What should be getting stated is that” this should not have been allowed to happen”.
Rangers have been allowed to continue spending money they did not have and winning trophies by spending money that should have went to the taxman.
Thay have been able to do so through repeated accounts which showed incredible real estate values on the balance sheet.
The Directors of Rangers and Rangers Accountants should be asked to explain why this was allowed to happen.
TET
Stephen Morrow had a look of a guy who had a bowl of ice cream and jelly sitting on the table in front of him.
UC
Jabba, the hurting hun’s hurting hun, on Radio5 tonight, ‘It’s all the MBB’s fault. SDM bequeathed him as solid a business as any hun could wish for.’
The BBC broadcast this urine UK-wide and we paid them to pollute the air waves with it.