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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This guy knows the score, well said.
Richie
she is from the occupied six counties…..
That is a standard response from Clyde, I got the same
pinta
she is an orc….
Thank god, a caller finally gets through to ask the big questions and gets us off the Lenny boot train!
Never mind, they refused to even discuss any of the callers points… typical.
Good evening friends. I hope the delay in hearing about Neil is good news.
Jobo
Davis up for Player of The Year? whit?
whitecrook tim on 19 April, 2012 at 18:09 said:
good evening cqn
I see super swally cant plan for next year for players etc,Im available play fives once a week,(never lose it) C V 63, Slight loss of pace,sometimes a bit late in the tackle,bless myself before everygame,forgot that rules me out.
……………….
Ally here…. if you can curb the blessing bit…..I like the late in the tackle bit.
I can assure you of very few if any foul or bookings against you….
You are signed.
Bada Bing
My thoughts also… No Joe Ledley?
is it govanhill baths
Stephen Black-Big Forster too.
@BBCchrismclaug: #Rangers administrators say they have told Brian Kennedy his latest verbal offer is not capable of acceptance. More to follow #BBCSport
I don’t know the PPOTY voting system, but I would guess that you are only allowed to vote for one player from each team? If that is the case, I would expect Charlie to be our top player.
Bada
Its like they need to stick one of THEMS in there for the sake of it… Absolute Joke
hen1rik on 19 April, 2012 at 18:20 said:
@BBCchrismclaug: #Rangers administrators say they have told Brian Kennedy his latest verbal offer is not capable of acceptance. More to follow #BBCSport
——————————————————————-
The gift that keeps on giving, just gave out again.
Dear Radio Clyde,
Thank you for contacting Celtic Quick News, your feedback and views are of absolutely no interest to us, we as a diverse forum are interested in a level playing field for ALL teams in Scotland.
Each evening here you will find a wide and varied topic discussion with many talented and humorous posters if you find yourself at a loose end and would actually like to learn something about football instead of trotting out the same pash night after night please feel free to join us.
And remember don’t be a stranger..
The CQN media team…
And in another report…
Reports emerge from Glasgow that a radio station known as Clyde Radio died of oxygen starvation earlier tonight. Witnesses speak of hearing a long series of clicks as Celtic fans and other sensible people across the region switched off, choosing to watch the grass grow instead.
Well said Brian!
Well said Brian on Clyde
Stand up for Neil
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 19 April, 2012 at 18:23 said:
First Class
Remember at the start Huns wouldnt listen to Radio Clyde because of its initials- it soon showed them that they had nothing to worry about there
Brian echoed what I said, if we took our chances we thrash Kilie and Hearts and nobody comes on and says he picked the wrong team.
Bloody hell!!
Two callers in a row backing Neil !!!
Why doesn’t Any of the Celtic Callers ask the Really Tough questions of the Sports Panel..
Like.
“How kin Ah tell if the Refrigerator Light oan Ma
‘Fridge, is no Oan awe the Time..and is Guilty of running up Ma Electricity Bill?”
Kojo
Still, Laughin’
Union’s Fraser Wishart urges end to Rangers administration
PFA Scotland chief executive Fraser Wishart has criticised Rangers’ administrators for so far failing to appoint a preferred bidder.
Wishart was involved in negotiations with Duff & Phelps that led to temporary salary reductions at Ibrox.
“We are only a few weeks from the end of the season at which time players’ wages will legally revert back to what they were before cuts,” said Wishart.
“I don’t think they will be making any more sacrifices.”
Continue reading the main story
“
There is a lot of talking to be done and the players are getting frustrated
”
Fraser Wishart
PFA Scotland chief executive
Three parties tabled best and final offers to take control of Rangers but one party, the Blue Knights, have since stepped back from the process and an earlier bidder, Brian Kennedy, has made a renewed offer to buy the club.
The Blue Knights, Kennedy and Singaporean bidder Bill Ng are all keen on achieving a company voluntary arrangement rather than liquidation, which is favoured by American bidder Bill Miller.
Wishart says the union is seeking legal advice because it believes players will be free to leave Rangers if they are liquidated and relaunched as a “newco”.
”We believe that’s the case under employment law even if Rangers are allowed to keep their name and their history,” said the former Rangers player.
“Should a newco be formed the players do not have to go across. They have the right to object to that transfer.
“There may well be complications in terms of Fifa regulations and football regulations.
Rangers in administration
Process began on 14 February
Club deducted 10 SPL points
Players and management agreed wage cuts to enable season’s fixtures to be fulfilled
Deadline for securing Uefa licence was missed but club have applied to play in Europe next season
Celtic confirmed as SPL champions on 7 April
Rangers eight points clear of third-place Motherwell with five games to play
“I don’t think the football authorities have any right to force someone to go and work for a new company should they not wish to. And it will be a new company, whatever it is dressed up as.
“Our position I think will be supported by the football authorities.
“If players do go across their contracts are protected. The newco would have to take their whole contract, wages, terms and conditions. They may all wish to go across. I don’t think anyone is actively searching for a way out.”
Rangers have five fixtures to fulfil before the end of the season and manager Ally McCoist has already urged an end to the administration process so that planning can begin for next season.
“We believe the best solution to end uncertainty is for a preferred bidder to be appointed and an agreement with creditors to be reached,” added Wishart.
“I think it’s so important, given the size of the debts Rangers have, that someone is given exclusivity as soon as possible.
“We are hitting real tight time deadlines. In three weeks’ time the season finishes, players go on holiday.
“They don’t know whether they are coming back, some of them who are out of contract. They don’t know what state Rangers are going to be in.
“There is a lot of talking to be done and the players are getting frustrated.
you’re celtic, united, buy cqn I’ve decided
you’re the best team I’m ever seen
Jobo ….
You have been flushed out as a Hun.
FUNDRAISING Rangers fans have settled a club debt to East Kilbride firm Glencairn Crystal.
The News reported last week that the cash-strapped Ibrox side still owed £354 to the Langlands-based glassware company for a personalised leaving gift for departing captain David Weir – three months after he quit the club.
However, as we went to print last week, Ibrox fans Tom Clark and Alfred Nicholson walked into the firm’s headquarters unannounced and handed over the cash to bewildered managing director Paul Davidson.
Paul said, ” One of them muttered something about the weather in East Kilbride and left after leaving the money.”
East Kilbride News
Broadcast on snyde after adverts………
RANKERS NEED CELTIC, CELTIC NEED RANKERS
THIS CHAMPIONSHIP IS IRRELEVENT
Says it all, really….!!!!!
Suggested alternative
RANKERS HAVE DESTROYED SCOTTISH FOOTBALL
RANKERS SHOULD ‘TAKE THEIR MEDICINE’, AND THE MEDIA SHOULD BE ASHAMED OF THEMSELVES
Raman Bhardwaj
Alan Thompson gives thumbs up to photographers as he, Neil Lennon and Johan Mjallby leave SFA hearing at Hampden. More soon.
Keevins continuing to do a great job on clyde judging by the ……winding any gullable dafties who listen to his nonsense and give it credibility.
Dont listen, and please ensure anyone you know doesnt read the garbage they spout in the newspapers…..
They are only making an idiot of you. It is all a wind up, and Keevins is the ultimate professional at it.
Snake-might be a score draw? If Neil doesn’t get a ban for the tunnel incident at Poundland,Celtic should pursue a disrepute charge against Brines and Murray.
Bada Bing
It’s going to be interesting
jake the snake @celticservant Reply Retweet Favorite · Open
Brian Kennedy & Rangers. Equivalent of trying to chat up a lassie at the dancing knowing you’ve not got money for a taxi fare home.
Tweet tee hee
As far as I know, radio stations cannot tell if you are listening unless you do it online. I wouldn’t be surprised then if Radio Clyde analysts come on to websites like this and count the number of posts to ascertain the popularity of their output.
Gotta Go..
See You,Folks..
Kojo
Still, Laughin’
googybhoy –
well it’s taken about 4 years but finally somebody’scalled me it. I really feel that I’m now a full member of the CQN clique.
Does anyone know which Europa league semi final Ch5 are showing tonight as my own TV guide doesn’t give that amount of detail.
Jobo
ps – lovely evening here…
Snyde saying Bill Ng will do walking away
Bill Ng doing walking away according to Clyde.