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.
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Night y’all
Goodnight CQN
I very much enjoyed your company
Sorry about earlier, James
Lenny is The Man!
HamiltonTim – must be the first time in history that the Bells has been described as a mixed pub – check out the walls – check out the venue on match days – Springpark Emerald used to run from there – my bros ran the bus for wee while – They used to have good dances too in town – McNeil, Paul Elliot and Jackie the Pole attended.
best memory fom The Bells – game v Dundee Utd where we scored two late goals again – Andy Thom playing – all these old guys who could hardly walk up on their feet and a couple on the chairs and tables – was hungover from mental night in Tunnel but was utter magic.
Shevvies is only hun by default – cos they’ve nowhere else to drink other than the masonic or the lodge
btw – seen you in the shop the other night – hustling for delivery monies – maybe you should arrange an EBT with the owners ;-)
Saint Stivs,
The Huns practiced artificial cranial deformation and also, as proudly recorded by Scottish Journalists of the year 1996, 1997 – Ammianus and Jordanes – scarify infants’ faces to prevent the later growth of beards (this, of course, only applying to the females);
I’ve a mate that works with the Large Hadron Collider. He reliably informs me that experiments prove that the Higgs Boson will turn out to be a camel in a nappy, before your see a handsome hun.
Ye cannae whack science
ht
3 would be magic, but anything at all.
Tim Malone
I understand Hassan’s solution because I can empathise with his perspective. He is quite right to say that this level of uninvolved also-rans competing against an ever more dominant big two is a package for losing fans.
However in order to promote his sole solution, namely the Big Two (soon to be one) give their money to strengthen the rest, he dismisses all alternatives as “not going to happen”. However, he fails to sell what’s in it for us.
We, Celtic, are about to enter a period where we can make some inroads into the title and trophies lead that Rangers have over us because they have cheated and financially doped their way to success. Any handing over of our money to promote competition will harm our aims for success and aids our competitors, including the soon to be weakened Rangers, Newco, or even a resurgent Hearts.
With he state of Scottish football finance, we will be lucky to remain competitive in Europe during this next period of overall downsizing. If we give our money away, all we will achieve is to make a mediocre league harder to win. It will not restore any Golden era.
My favoured solution remains for Celtic to get out. The SPL is too limiting for our ambitions but, if we have to remain, I want the payback of a lengthy list of league wins till we get parity and overtake their record.
I cannot see merit in Hassan’s solution but it is a good provoking argument.
Dilemma –
I can have a seat at the SCF, in the posh seats in the Hibs section of the main stand.
Should I go ?
answers on a pigeon please.
St sivs
No
you will hate it. Unless you stick a fortune on hibs to win.
Went to a world cup final once. Only game I’ve attended not involving Celtic in 20 years. Bored sh**less after 20 mins.
Find a hibbe and give them the brief. In exchange for cash or other favours.
Spikey
I thought that was you but wasn’t in the best of humour so stomped off as you may have noticed. My apologies for not saying hello.
I knew that Bell’s used to be a Celtic shop but guys I know have stopped going in because of an influx of ‘outsiders’. You’ll know better than me however.
Ps say hiya next time!!
Saint Stivs on 19 April, 2012 at 23:22 said:,
Go, and enjoy the day and, then report on here, MUTATIONS!!!
NophotiesCSC
celticrollercoaster says In Neil we trust on 19 April, 2012 at 22:30 said:
31003 on 19 April, 2012 at 22:28 said:
I have 30 badges….hic!
——————————————————-
my wee button badge is on my lapel everytime i travel.
its been commented on from Hampshire to Beijing, and I tell the story of what it means, Celtic, Kano, thai tims, JJ man, Stein , Larsson and all the points in between.
get talking football to anyone beyond scotland, and everyone, every genuine football fan can give you a celtic connection you can expand on.
some recent topics with people i met
west ham – macca
stuttgart – andy hinkel
middlesborough – not strachan or mowbray, but Murdoch
sankt paulie – about 20 germans, can you get me a ticket they said
milan – paulo di canio of all people, but also annoni
oldham , good pal – two andy ritchies & lou macari testimonial !
more than a club
i love my wee badge.
BlantyreTim – belated thanks for bringing me up to date.
Showing my age.
Hail Hail
Bloke109
Just checked and I still have your number. Will give you a call/text tomorrow night.
HamiltonTim
maybe you’re right re bells & outsiders – i’ll ask spikeysauldman’s auldman ;-)
that would be a shocker tho.
Hamilton Tim
re Bells in Springburn, my cousin used to be bar manager in there (dnt know if hes still there tho)
HH
EDB, I didn’t know my comments stood out! Thought each person’s comments stood out when they were logged in. Need to go find out why the system is weighting my comments unfairly!
JimmyQuinnsBits on 19 April, 2012 at 23:20 said:
Saint Stivs,
He reliably informs me that experiments prove that the Higgs Boson will turn out to be a camel in a nappy, before your see a handsome hun.
Ye cannae whack science
———-
TAL.
Higgs is running at Ayr tomorrow. I am going to back it for family name reasons.
I am also at the track tomorrow for a wee day out.
Any CQNers at AYR tomorrow ?
lets know and i will seek you out.
SFTB
I think that most of us would agree that Celtic getting out of Scotland is the best solution all ways round.In the absence of that being realistic in the near term, the prospect of us winning 20 or so league titles in a row will wear thin for everybody including us. Probably too early for that discussion just at the moment – maybe a few league titles down the line and we will all be craving some real competition.
I remember us blitzing teams by 4,5 or 6 on a regular basis in the early MON years – it became uninspiring after a couple of seasons…
Tim Malone Will Tell on 19 April, 2012 at 23:52 said:
I remember us blitzing teams by 4,5 or 6 on a regular basis in the early MON years – it became uninspiring after a couple of seasons…
sorry bud.
after thems tainted 9, this was the best viewing i had in my celtic supporting career.
Tim Malone Will Tell on 19 April, 2012 at 23:52 said:
SFTB
the prospect of us winning 20 or so league titles in a row will wear thin for everybody including us.
—————-
it wont honestly, when Henriks, Lubos and Suttons bhoys are in the team with McStays grandson and Gallagher Lennon we will love it.
dream a little.
go on
Saint Stivs
I know what you mean – but at the same time, Parkhead became like a chapel with a few sweety papers getting rustled when the 6th or 7th went in.
I will enjoy overtaking their tainted trophy haul as much as the next Tim, but I am sure it will all get a bit tedious in the not too distant. I am not advocating leniency for phoenix huns in any way shape or form, but it would be better all ways round if Hearts, Dundee Utd or Aberdeen could give us a run for our money.
Bundoran
Not been in it for years buddy.
hamiltontim on 20 April, 2012 at 00:04 said:
Ditto mate, anyway time for bed for me
Catchup soon buddy will text u
HH
ht
Much appreciated, thank-you.
Paul67 on 19 April, 2012 at 23:48 said:
EDB, I didn’t know my comments stood out! Thought each person’s comments stood out when they were logged in. Need to go find out why the system is weighting my comments unfairly!
share on F’book or Twitter
******^
Paul,
Leave the highlighted comments as they are, as it provides a focal point for scrollers to home in to your replies or additional comments.
In light of today’s Hampden verdicts, was there not a recent case of a manager escaping punishment due to the false evidence provided by the officials?
evening bhoys and ghirls ,
moral dilemma time .
Eventually managed to meet my admin-lovin’ neighbour tonight – it’s only taken 11 days since we won the league – bhoy , was he sneaky .
Anyway , we were discussing last night’s CL match and had a difference of opinion . I reckoned it epitomised ‘anti-football , he thought it was ‘no bad’ . at this point , my mask slipped and i uttered ‘ well , i can understand that , Chelski were as adventurous as you lot were the last time you played Barca at home !’ Cue tumbleweed .
Anyway back to my dilemma . He’s in CID with ‘colleagues’ in traffic – do i make a peace offering or do i just lump it and revel in the joy of being Championeees while accepting my increasing traffic offences ?!
HH
Sanna
Tim Malone
“the prospect of us winning 20 or so league titles in a row will wear thin for everybody including us.”
I don’t remember being bored by our 9iar or that our attendances dropped off. Maybe it would have been the 10th or the 11th or 12th that would have seen ennui set in but I doubt it.
Of course if you set the predictive target at a ludicrous level, such as 20iar, you will get agreement. But has any team ever won 20 league titles in a row in any country in any sport? Unlikely.
I cannot foresee too far in the future but I would be surprised if our dominance is so great that we will win the next 10 SPL titles even if there are 10 more SPLs to be won.
I also don’t recall the boredom of 5:0 victories and moaning that it should have been 7. In fact, I genuinely recall more moaning when we struggled or lost or drew during the MON era. We never managed more than two titles in a row under MON so there was never the dominance you have mis-remembered.
If we have to stay in this mediocre level of competition, then I can do with another 9iar. I can guarantee I will enjoy and thrive on it.
Levon Helm RIP….never got to see THE BAND…but i have to say the song THE WEIGHT is probably my favourite all time classic….went to see easy rider in leicester square when it first came out…folk said at the time bob dylan was meant to appear in the film ..guess he must have taken the cream puffs….saw the stones in hyde park,,freebie.. after bryan jones died,,,over 350k thousand that saturday….forward space saw hendrix who at isle of wight….eagles joe walsh beach boys elton john wembley stadium…then headed home…some good bans there by the way
right off to bed.
my favorite non celtic moments are when you watch a sporting event and spot the HOOPS in the background
that bloke that is allways at the US Masters
randoms in the Tennis crowds
allways somone at Dortmund , Villarreal , sankt pauli and even Barca
a guy at the Indy car racing, Dario sumbdy
but that Lisbon crowd tonight, loads of them
TAL
away to bed
This is a ramble, a mea culpa, ignore at will.
The “Hard Man” idolatry in the Scottish Psyche
That would be a thesis to present. I suspect many on here were victims, observers, or pretenders to that paradigm.
Truth for me? I’ve met very few hard men in my life, and the ones I met were unpleasant characters, people I wouldn’t want to spend time with.
I disassociate them from strong men, whom I knew a plenty, but – in contrast – knew themselves, their principles, and stood by them.
What’s this got to do with Celtic? Underpinning strength, is integrity; a harsh self-analysis and honest appraisal that recognises strengths and weaknesses. This type of strength yields a tough gentleness, a confidence that enables the bearer to be softer than cotton, in the knowledge that – come the crunch – they won’t yield. This allows for a welcome, and openness to all, because there is nothing to fear. Celtic is, for me, an immigrant club, supported by immigrants and Scots who align themselves to inclusiveness. More than a club.
I like to think I’m gentle, but I never mastered the integrity and therefore the toughness.
Here’s the mea culpa bit.
In Scotland, when you’re growing up, you’ve got to be either big, funny, or fast. I was neither of those, but I couldn’t take intimidation. I cracked the survival code at school, I don’t remember the age. One big Davy, wanting to make an example, chose me.
I hit him with a brick.
It didn’t do any lasting damage, which was the intent. After that I clicked that to be considered a wee bit mental wasn’t necessarily a bad thing. Sad eh?
Wee Cammy, my mate, told me to keep going with it. The other guys used to josh that he didn’t exist…. hehehehe
Sannabhoy
I think the very fact you’re asking means you already know the answer within!!
Glasgow Celtic Champions 2012
sannabhoy on 20 April, 2012 at 00:13 said:
Anyway back to my dilemma . He’s in CID with ‘colleagues’ in traffic – do i make a peace offering or do i just lump it and revel in the joy of being Championeees while accepting my increasing traffic offences ?!
—————————-
I had a run in with a prison officer neighbour a few years after moving to Bishopton some 17 years ago.
Few weeks later early shift , i was stopped by Super cops on my way to work.
No offences, didnt ever drink when having to drive early next day.
I was stopped about 10 times over the next couple of years.
dont make peace, leave the car at home.
JQB
I get it, I think!! :-)
HT,
you shouldn’t get it, you’re a teacher…. jeez, I need to keep on reminding you ;)
you should be deciding how much of the belt is required :)))
levon helm
rest in peace
incredible talent
one of my fave songs
the night the drove ol dixie down
http://www.youtube.com/watch?v=eOi0tC00Luc&feature=related
sannabhoy
There’s a line between anti-football and just not being as good as Barcelona. Although no side really is, they can be got at, as RM and Chelsea, and indeed the Spanish league sides who have taken points off them have proven. We’ve done it against Barca, been adventurous, made a game of it, and ultimately you and I would be fairly pleased if we beat them 1-0 in a EC semi. I think the anti-football thing is more a thems at home to Man U or Stoke every week – a steadfast refusal to play the ball on the deck, precious little passing, hoof it up front or out the park – Chelsea were a bit more than that, and with their calibre of player darn well should be – just a million miles away from being the footballing side Barca is.
As someone once said, a two-legged cup-tie is a one-off – Chelsea are better in the EPL. Last night was just the epitome of La Liga being better than the EPL.
You have to admit, the bleedin obvious; Barca are the finest – and most attractive – football team in Europe (and possibly beyond, I dont know).
Playing anybody but Celtic, I want them to win, just to watch more of what they do – which I can’t quite work out.
You can’t blame teams for deploying strategies and tactics which recognise this. Sometimes they’ll get lucky, somtimes they won’t. I still want the Barca style to triumph.
JQB
I could never bring myself to use it. Despite the angst, the frustration and yes the downright anger that the little cherubs sometimes stir within me, I could never hit them with a bit of leather, no matter how much good I would think it would do.
My own weans…now that’s a different case entirely :-)