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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CBI Director General on Sky News just on saying he doesn’t know where the idea comes that HMRC is a soft touch and for British Businesses it is time to realise there is nowhere to hide . . .
have celtic announced any pre-season tours/games yet?
They have television evidence of Lenny’s aggressive attitude towards the referee. All he needs to do is pleed guilty and he’ll be found not proven.
Aw no that’s only in Edinburgh, silly me!!
Are Duff and Duffer working out of Ibrox? Or are they based in Londo and doing it all from their?
Should be an interesting Hotel bill if they are up in Scotland Monday night to Friday……
Tim Malone Will Tell on 19 April, 2012 at 16:45 said
Loved that film-used to have in on Betamax and must have watched it a 100 times!
Thanks for that link-will watch all 6 parts tonight!
Charles Patrick Tully on 19 April, 2012 at 16:47 said:
ssn. motherwell v Celtic security dogs at game trained to sniff out smoke bombs.
——————————–
ssn. Duff & Duffer v The World , security dogs at the gates trained to sniff out genuine bids
pst – hey guv’nor
want to buy 3 tickets for the huns game ?
it will definately go ahead, honest
Could all the panic and talk of there having to be something done tomorrow be to do with how long it will take the CHEATS CHARTER to set up a new league because the existing rules don’t allow for the seed of Satan to be welcomed into the big league
only saying like
Kayal33 on 19 April, 2012 at 16:56 said:
have celtic announced any pre-season tours/games yet?
———————————–
No but I hear rangers are trying to get the bus fair for a game at Pollock Juniors and a big home game at Bellahouston park with a bunch of weans that play down there most of the summer and are quite good. Rangers may not be able to provide the jumpers for goalposts though. McCoist said to be raging but it could just be that the filling in his pie was very hot……..
Rogue Leader
See when you put a bit of effort into your spelling and grammar, you canny half writer some great stuff. That last post was magnificent.
Right, better get something done here.
Have a pleasant evening and long may the pantomime at the ‘Big Hoose’ continue.
Jas Cameron TCN* @CelticNetwork11 Reply Retweet Favorite · Open
OK Tims just spent a bit of time on the phone there to a solid source. No Liquidation 2 morrow. Late May looks like a racing certainty.
hail hailstones in EK
jobocsc
South Of Tunis
Pynchon and Farina I believe were big Warlock fans and Pynchon also is a keen supporter of Farina’s (turgid IMO) Been Down So Long It Looks Like Up To Me. Not sure of any playwrite son of Oakley Hall however I could be wrong.
The book’s focus on the conflict between liberty and the application of law & order in the US is, I believe, lost in the movie version.
Gordon_J
I believe the creditor would have to specifically withdraw their invoice upon receiving the money from a random bloke off the street. They could just take the supporters’ money but remain creditors of the club. I believe in the tale of the EK glassman that there may have been some forceful negotiation from the payers to the payee to provide them with some written assurance that the club would not be pursued and that their payment should be accepted.
SOAL
wife had an impromptu fashion show with her mates. I was pulled out of bed with a raging hangover and consigned to the boys bedroom and told not to come out and given a guitar. I wasn´t too happy about it and was bored. The guitar was not tuned. I have never videoed or recorded anything before and put them up for a laugh but it has been a very useful exercise. I intend to do this quite regularly now. I will search out absolute mediocrity it definitely gets a reaction
I`m think some Black Sabbath on the Spanish guitar LOL
Hail Hail
In view of it being a slow news day:
From BBC news website
Owners struggle with ‘robot cat’ illness
The owner of a cat with a rare condition which causes muscles to tense rigid, making his pet appear “robotic”, has been telling of his struggle to deal with the illness.
Allister Sim, from Huntly in Aberdeensire, said the disease made Tinkers’ legs and tail go rigid.
He said the condition had made it difficult for him and his wife Shona to leave Tinkers alone.
///////
Methinks Tinkers has been nibbling its owners little blue pills.
RogueLeader on 19 April, 2012 at 16:51 said:
Is there an engraver sitting somewhere right now scratching his head wondering how you turn Rangers into Celtic on a piece of silver plating?
He could ask le petit merde, he managed to turn Celtic into Rangers for 30 pieces of silver.
Lennon Banned from Scotland by SFA
Ordered to go back to NI and have a facelift and dye his hair.
Ordered to never speak to media or anyone else really
I’m jus sayin like
HH
Mike
seventyxseven – I have no idea what you are talking about….. :)
fergus slayed the blues on 19 April, 2012 at 16:40
I hear what you are saying about CW.
However I think you are giving ‘Our Hero – Craigiebhoy’ too much corporate nous with a business mind that is off the radar.
I am sure he had some sort of ‘cunning plan’ to start with that would have been OK when dealing with run of the mill companies he previously ‘owned’. However I think even he may have bitten off more than he can chew and has been caught in the maelstrom that is RFCIA.
I assume he has not ‘walked away’ yet as he is hoping to get enough from Ix/MP to cover the bases mention by Paul in his article.
Hopefully the sorry mess will get liquidated soon and we can find out.
ScotPatsFan on 19 April, 2012 at 16:45 said:
Good luck with that one. Many CQN’rs, myself included have offered to meet up with him on more than one occasion. He has always declined.
SFFS, no arguments from me.
RogueLeader, 16:37, yes, indeed.
Tim Malone Will Tell on 19 April, 2012 at 16:45
Always wanted to see this but apparently the DVD release got panned as it had dubbed accents on the soundtracks with no option to watch/listen to the original release…. Is this (youtube) the original?
Do the tickets for the forthcoming rangers game say ‘ Celtic V Rangers (IA) ‘ coz that would be funny?
In my world anyway :-)
Any news from Hampden?
My Dear,dear,dear,Friend.. Robert Tressell and DeniaBhoy and Anybuddy else
Ah notice.. Nane of You Fellahs..
Gave..
NANE..as in “NOT GUILTY”.. as a Prediction!
And.. Why Should That Not be a Possibility?
After awe.. Mebbe, The Refs wur Over zealous, in thur Charges agin him?
Ah think that they Wur.. fur whit did he really, dae.. anyway?
He jist Spoke his Mind ,in thur Hearing.
When Did.. “Speaking ye Mind”.. Become a Felononious Assault?
Ah always believed that
“Sticks And Staines kin Beat yerBrains(In)”
Neil,during his Altercations wi the Complainents.. wiz completely Bereft of Any deadly weapon..
Except ,of course.. A
Razor Sharp Tongue!
Ma sainted Mama. .always told me tae
Speak oot ,agin Injustice.. whenever a Saw It.. which Ah didnae dae….because. Ah wiz a Big Feartie!
Howevahhhhhhh..
But, Neil ..is No.. well.. A Big Feartie
And HE DID!
It is a Bloody Shame, that Ye canny .. well..
Speak yer Mind!
Kojo
yer pal. who likes ye Baith Aloater.
Still, Laughin’
TimsinOhio ( formerly TimsinYYZ ) on 19 April, 2012 at 17:09 said:
ScotPatsFan on 19 April, 2012 at 16:45 said:
Good luck with that one. Many CQN’rs, myself included have offered to meet up with him on more than one occasion. He has always declined.
All I’m looking for is a photo opportunity.
He has to go in the front door of CP at some time during the day!
A hun I work with, who is a Giants fan, even wants to go!
SPF
Ra Ra Rasputin
I Googled the son —– Oakley Hall the 3rd
You’ll find more on Wiki [ if you desire]
Remember a guy at the City Lights Store in Frisco opining that the only good thing he could say about Richard Farina was that ” he wasn’t Mimi “
Kojo – My prediction is based on the simple belief that previous decisions by the Hampden beaks are a good indication of future ones. Fairness doesn’t come into it, something that I’m sure Neil knows only too well as did his good friend Paul McBride.
Does Peat still get to sit in pin Neil’s hearings – or is that the bailiwick of Campbell Campbell Ogilvie Ogilvie?
Celtic Soul Brother
You are welcome sir. It only came to mind through Ulysses trials and tribulations and fortunately found it on youtube.
I think I need to show it to my own teenage kids – let them see what real flares looked like…
A few of my favourite words and phrases from the Scottish Football Lexicon:
‘Motherwell born billionaire’
‘unsurpassed dignity’
‘the most succulent lamb’
‘moonbeams of success’
‘front loaded war chest’
‘playing the game’ – M**k G***i
‘Celtic fans deep down will acknowledge that Murray improved Celtic too’ J*m T*****r
‘paranoia’
‘fundamentalists’
‘internet bampots’
‘Gordon Strachan had better beware the Scottish Press’ (H**h K*****s)
More to follow!
Archdeaconsbench – pretty sure it’s authentic verbals from what I can see.
deekbhoy
I hope you are right and the MBB has underestimated the sting .
the other thing that may have caused the wheels to come of was Sally and the EBT 11s failure on the Euro stage .
Any seed of Satan will have to hold their seances at the icon of hate for the peepil to accept they are one in the same ,therefore if CW holds the keys to the lair the masters buyers will need those keys .
IMO the peepil will not follow follow any phoenix that does not play at Ibrokes .
My dear,dear,dear, friend.. Denia Bhoy
Ye goat that Right,pally!
Ah secretly agree wi ye.. but, as Ah am trying tae Mak a Case
fur Neil,in his Defense.. Ah hivtae.. No admit that ye ur Correct in yer Presumption.!
Ah keep furgettin..
We are dealin’ wi.. Principalities and Powers..
where..
Right, is… No Right!
but. it is.. Instead..
Might, that is Right!
Kojo
yer pal..who likes ye aloater.
Apparently Brines and Murray are both at Hampden to give their version of events.
Is this normal I always thought that the officials involved submitted their statement prior to the hearing?
hamiltontim on 19 April, 2012 at 17:36 said:
Was Murray called to Hamdump after the shame game to give his version??
Bad news bhoys from RTV….
STV has learned that around 12 Scottish players have been shortlisted to play for Team GB at the Olympics.
However, we understand Rangers keeper Allan McGregor has failed to make the cut.
Manager Stuart Pearce has named a pool of 80 players, which includes four men aged under 23 from Scotland – Celtic’s James Forrest, Blackburn duo Grant Hanley and David Goodwillie as well Aston Villa’s Barry Bannan.
STV also understands Steven Fletcher is in a group of around six Scottish players over the age of 23 who have been included in Pearce’s squad.
Why do they not just tell us who is in the squad. They have to put a Rangers spin on the story. There is no Admin FC story here.
Atrocious.