Directors and shareholders in limited companies cannot be pursued by creditors under normal circumstances but special provisions exist for ordinary creditors and the tax authorities to pursue officers in a company if their behaviour transgresses acceptable standards.
The Social Security Administration Act 1992 allows HMRC to issue Personal Liability Notices to officers in a company for the recovery of company tax if they are guilty of fraud or “more serious levels of neglect”.
HMRC say:
Generally HMRC may consider a case to involve more serious neglect where it can be established that against a background of persistent failure to pay the contributions due the company was making significant and/or regular payments:
to other creditors
or
to connected persons or companies
or
in the form of director’s salaries
A case may also be judged to involve more serious neglect where ‘culpable officers’ have been associated with previous liquidated companies or other companies that have demonstrated a failure to comply with the statutory requirements of the Income Tax PAYE and NIC legislations.
While I am sure Craig Whyte has acted with the utmost probity Duff and Phelps early comments that Rangers used tax as cash to operate the company with will concern many.
Rangers accumulated £15m in tax debt during Whyte’s tenure. In addition to his outstanding guarantees to Ticketus the Rangers owner will be alert that the administrators report could cast his actions in a poor light with respect to some of the above scenarios.
The £15m HMRC are demanding for this season is not cash Whyte received, Rangers used that money to fund a domestic and European football campaign. Rangers owe that money and Craig Whyte is unlikely to forgo his security (Ibrox stadium) without his potential tax and Ticketus positions being covered.
Any attempts to resolve the matters surrounding Rangers which does not provide funds for this obstacle is doomed to failure.
Only a few hours left to bid on the charity auction for the Neil Lennon painting.
Buy a hard copy of CQN Magazine, issue 7, by clicking on the button below. You can read online here.
[calameo code=0003901711c929f537703 lang=en page=64 hidelinks=1 width=100% height=500]
1,061 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- ...
- 28
- »
Kayal33 on 19 April, 2012 at 16:06 said:
If they thought they could get away with it…probably.
@CQN: SPL ? more like WWF http://t.co/iQhjuMUJ via @kevinjohng
strand – got your mail – if either of those offers still stand I’ll jump at the chance – nobody can guarantee it staying in one piece – and Parcel Force hub to Coventry before distribution elsewhere – couriers are just funny money.
Speaking of money – e-mail your details and I’ll forward the money to you.
Thanks again mate
U/G
That is Fraser Wishart now coming out and explaining that RFC players cannot be transferred to NewCo.
A lot of people in the media talking about NewCo now. I wonder why Wishart was out talking about it today :)
Tick Tock
CRAIGWHYTECSC
hopefully vinibhoy
im getting fed up waiting, although i would preferably like to hammer them on the 29th before they go. ha ha.
ps.do you’s know if we beat motherwell at the weekend then regardless of the huns score at hearts we can win the league against them at paradise. without they’re 10 points deduction obviously.
Kojo,
Is July in L.Vegas too warm to go out in?
Do most of the hotels have indoor swimming pools?
Might be taking the family there. No plans yet.
People tell me it’s too hot to take them.
What’s your 10-bobs-worth on that?
PS. I’m going to CP to meet L.Tynes with my Pats jersey on to boo him!!
SPF
Yer pal.
Machiavellian Paul
Machiavellian. :)
Ulysees – The Crossing is my favourite although I liked all the border trilogy books
HH
Uly
Aye, I’m on the third reading of BM. Great book. I’ve only read The Crossing, No Country… and The Road of his and I’d recommend them all. Will definitely check out Suttree and the rest.
If they ever make a film of Blood Meridian Traynor and Young are certs for the parts of ‘The Judge’ and his ‘Idiot’.
BroonSauce
ulysses
looks more than likely the 3rd may game, i will be in touch closer to the time re my mates contact details, i will email my details later. Best of luck with your DIY !
Kojo
You are one of the best and I know if I lose my shirt, I’ll know where to find a new one
All the best to you
Miller
Raffle for Celtic Vs Rangers ticket in aid of the Kano Foundation
One of the TnT bhoys unfortunately has to miss us welcome Rangers FC* to the home of the champions on 29th April. He has kindly offered to put his ticket (North Stand, block 103) up for grabs in a charity raffle in aid of The Kano Foundation.
Entry into the raffle costs three of your English pounds, i.e.£3.00 and you can enter as many times as you like.
The payment plan: text KANO11 £3 TO 70070 or visit http://www.thekanofoundation.com and click on donate button to pay by paypal.
Simply keep a note of the transaction number and email me at sannabhoy@thekanofoundation.com to be added into the draw.
Closing date will be Thursday 26th April.
Hail Hail
I’ll also be in Las Vegas at some point in July (doing a bus tour of California that includes a few days in Las Vegas. Viva Las Vegas! (ZZ Top version)
Can you appeal before you are found guilty?
Ulysses,
I’d like to second your defense of Cormac McCarthy. He is without doubt one of the finest writers of our time. The Crossing contains some of the most descriptive and moving sentences ever penned, in my opinion.
When liquidisation announcement is made by Duff & Duffer, I hope they do it in style and finsih with –
Duff – “..and it’s goodnight from he!”
Duffer – “..and it’s goodnight from him!”
D&D – “Goodnight!”
Cue music and laughter…..
HH
Hi Paul,
”Any attempts to resolve the matters surrounding Rangers which does not provide funds for this obstacle is doomed to failure.”
You have stated this frankly and repeatedly, however everyone with R@ngers’ interest at heart were prepared to allow their fanbase believe that Mr Whyte was a temporary, inconvenient blight that would be humiliated into nothingness.
D&P’s wrote him off, Paul Murray refused to deal with him and the rest seemed to disregard his involvement but despite insults, snubs, intimidation and threats there was no way the Whyte Knight was going to vanish. It wasn’t so much that Craig Whyte didn’t do walking away, it is the case that with a huge ball & chain fastened to your leg, hiking not on the agenda.
Hail! Hail!
Ulysses
I will grant you that Cormac is not all bad ;) However, some way behind Philip Roth in my pantheon of contemporary American novelists.
Anyone on here ever read Warlock by Oakley Hall? Now there’s the Great American Novel.
TheOriginalSadiesBhoy on 19 April, 2012 at 16:19 said:
Hi if that is the Virgin Golden West adventure, we did that a few years ago and it’s a brilliant trip, San Francisco, Carmel,LA and of course Las Vegas. You’ll have a great time on that trip.
Miller
From last article regarding Lawrence Tynes, I believe he hails from the plush West Park Farm area of Port Glasgow. Family name Doherty, his aunties and uncles went to school (St Stivs) with my older brothers and sisters.
Jeez they’ll be telling us that Jimmie Watt did’nt hail from the foot of Bouverie next.
Right lets get back to the L rumours….
Hail Hail
Looks like the end is nigh for Der Hun.
It’s pretty clear that the treble for the Hoops and their team going bust would be too much for them to take so the blow has been softened by the referee’s.
The Ayrshire Huns and the Diet Huns will provide some levelling up for them.
Expect some questionable refereeing in the Scottish Cup Final against Hibernian and a dodgy victory for the diet Huns as they will be the team we have to comepete against next season. The Hun power will shift cities for the next few seasons and the referee allegiances will too.
LB
strand67 on 19 April, 2012 at 16:05 said:
ulysses
did you get my email last night, is it of any help to you?
strand67
————————————–
big strand fella.
ive been following this wee developing story, how to get a belfast sink from belfast to coatbridge, and who across the water can help Uly with IKEA order,
its one of the most heart warming reads ever on this sainted blog.
then I though, see what the big chap will do to avoid having to pay the ferry man.
Dont take the plug out, and make sure to wear your scarf and tammy.
MadraRua
Haven’t read any of her stuff but I think I’ve seen the movie version of The Shipping News. Not bad as I remember.
BroonSauce
rt rev david hay, I hear you but, you know what? I could live with that, although Awe Naw makes an excellent point.
Auldheid, aye.
I studied him, b.t.w. Long time ao.
ThePrinceCSC
Chairbhoy, the way I see it, they have demonised the one guy they need to do a deal with. Pity.
For them.
excathedra44 on 19 April, 2012 at 12:45 said:
Auld Neil Lennon heid
Let’s say that all of our critics are correct.
Neil picked the wrong team.
Neil applied the wrong tactics.
The players were rubbish.
In spite of all that, it still took a referee to split the two teams ….. yet again.
—————————————————
I really like how you have expressed that because were it McCoist in the frame Rangers would still win,grinding out a result as they call it.
Refereeing simply has to be made more accountable. The police have similar authority as referees in terms of deciding to curtail another persons freedom, but they are accountable if they misuse the law.
Referees face no such check and all it takes is a wrong un in a position to influence, and the conditions for misuse are present.
That is why the appointing of referees has to be a joint matter between SPL and SFA and the evaluation has to be with the SPL. They can bring in ex refs from anywhere but Scotland to do the evaluation. That evaluation would be linked to pay and good performances would be rewarded by higher pay and poor ones would see pay reduced.
Such an evaluation sysytem would also bring a level of consistency as it would become obvious over time if a referee was making the same mistake or making it one game but not another.
You cannot manage what you cannot measure and it appears there is no standard of measurement that applies gtame to game.
This is not rocket science and resistance its not anything underhand on referees part either, they just enjoy the blanket authority they currently work under and would resist attempts to change it. In their shoes I might do the same but for the good of the game and the long term good of referees the way things are MUST be changed.
We want professional referees, professionally managed and monitored with professional pay (that seems to be the case currently in terms of hourly rates). If the SFA cannot recruit and train enough to the required standard then foreign referees can fill the gap. Their authority on the park needs to be upheld and their power off it significantly diminished. They are servants of football not its masters (bar the 90 minutes plus injury time).
Palacio67,
Everything I’ve seen refers to Tynes coming from Greenock. But that could just be lazy journalism of course. And my apologies for repeating it!
BTW, I also read that the young Tynes went to school in Florida with the new US Masters champion Bubba Watson.
Chairbhoy
Craig Whyte has removed a plethora of unscrupulous tax evaders from the Ibrox boardroom, paid off the pre-existing debt to Lloyds through securitising club assets and reduced Rangers’ overall liabilities by 10%. All in only a few short months. A man of substance, I’m sure you agree, and one worth every penny he is due.
Nominations for POTY
Jon Daly (Dundee United)
Steven Davis (Rangers)
Charlie Mulgrew (Celtic)
Dean Shiels (Kilmarnock)
SPL Young Player of the Year
James Forrest (Celtic)
Kenny McLean (St Mirren)
Gary Mackay-Steven (Dundee United)
Johnny Russell (Dundee United)
SFL 1
Farid El Alagui (Falkirk)
Michael Gardyne (Ross County)
Michael McGovern (Falkirk)
Grant Munro (Ross County)
SFL 2
Ryan Donnelly (Airdrie)
Steven Doris (Arbroath)
John Robertson (Cowdenbeath)
Ryan Wallace (East Fife)
SFL 3
Kevin Cawley (Alloa)
James Longworth (Queens Park)
Steven May (Alloa)
Ryan McCord (Alloa)
.
Paul67 on 19 April, 2012 at 16:28 said:
Auldheid, aye.
I studied him, b.t.w. Long time ao
————————————–
Did he ever visit the Gallowgate? :)
Palacio67 on 19 April, 2012 at 16:24 said:
From last article regarding Lawrence Tynes, I believe he hails from the plush West Park Farm area of Port Glasgow. Family name Doherty, his aunties and uncles went to school (St Stivs) with my older brothers and sisters.
Jeez they’ll be telling us that Jimmie Watt did’nt hail from the foot of Bouverie next.
Right lets get back to the L rumours….
Hail Hail
——————————
His mams a Tippen from Arran Ave at the triangle.
and Davie Provan says Mike Conroy should be given his chance at Centre half against motherwell as he is a stand out in this position at training.
John Robertson for POTY? Bit auld is he no?
LB
mrob1967 on 19 April, 2012 at 16:24 said:
TheOriginalSadiesBhoy on 19 April, 2012 at 16:19 said:
Hi if that is the Virgin Golden West adventure, we did that a few years ago and it’s a brilliant trip, San Francisco, Carmel,LA and of course Las Vegas. You’ll have a great time on that trip.
Miller
…………………………………………..
Wife organised it and I’m not sure if it’s the Virgin Golden West but we’re visiting all the places you named. Can’t wait. Thanks for letting me know!
Cheers
Any bets no celtic player will win anything
Weres Joe Ledley ,Fraser Foster, Scott Brown
total joke
Bhoys I still have spare ticket for Fir Park on Sunday if anyone is interested.
South stand £25
My dear,dear,dear,friend.. Scotspat Fan..
Pal..
July,in Vegas. Kin be Hot.. aroon.. One Hundred.. One Hundred and Ten..
Howevahhhhh..
That kinda Heat, shouldna Prevent ye frum Going taeThe Hotel Pool. In Fact.. Ah sit aroon Ma Ain Pool.. at those Kinda Temps.. During the Summer Months.
I Luv it. Ah think it is Smashin’!
The Water ,actually, kin appear tae Be .. CAULD!
at Those Ambient Temps.
When ye First Jump in.. It kin fairly Mak ye .. SHIVER!
Sure, Ye must be in the Shade.. under an Beach Umbrella..if ye want tae Sit sipping Soda ,aroon the Pool. that Maks sense..
But. as far as Swimming in the Pool..
The Heat Wullnae Hurt Ye.. although, ye kin get dose of Sunburn..if ye dinna Wear Sun Protection..
Yep.. Ye should be very careful.. tae No get A bad Sun Burn..
Ah tell ye whit..mak Yer Visits tae the Pool Area.in the Forenoon. aroon Eight tae Ten ..
and ye Should be quite Safe..
Don’t go during the Early After Noon.. if ye wanta be super safe..
Folks, dae hiv Different reactions tae Hight Temps..
Noo, Ah happen tae be wan . who . Thrives ,in the Hoat weather..
Use common sense..
The only Indoor Swimming Pool that Ah hiv Visited wiz in the MANDALAY..it wiz A Brammer.. Beautiful..
Ah hiv no visited any ither Indoor Pool Facility in any ither Hotel.
So Ah canny recommend any ither.
Vegas,is the Very best Vacation Spot .. In Ma Opinion..
It has goat Everything tae offer..
And the Food is Oota This world..
And there are Shows tae Fit everybuddy’s Taste..
It is no Inexpensive.. but, Ye soitenly get yer Money’s worth..
Kojo
yer pal…..who likes ye already.
Still, Laughin’
Paul, studied him too many moons ago. “is it better to be feared than loved” was an a level essay I wrote!
SffS
Saint Stivs
Many hands make light work fella, a friend is going to bring it over at the st Johnstone game, anything is possible, next thing you know the the huns will be bust!
Strand67