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.
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HT, cheers buddy. How ya doing?
Blantyretim 18:47
Agree the cheats should be banned and much more but silly lengths of bans were mentioned so guess two isnt too bad.
EN
Since Kojo is doin’ predictions, here’s mine:
Between now and the end of the season Celtic will benefit from a significant number of ‘honest mistakes’ including at least 4 penalties that never wuz. Cause these things even up ………………………. when games are meaningless ………..don’t they?????
HH
matt mcglone @MattMcGlone9 Reply Retweet Favorite · Open
And Vincent Lunny avoided major embarrassment for the SFA coming to a deal with Derek Ogg, avoiding a bigger circus. A major result for Neil
Well done Neil..Well done Celtic..
Timsinohio
I’m good mate out doing my ‘other’ employment up your old neck of the woods, sunny Barmulloch :-)
EN
I am angry……
As I posted earlier,Celtic should ask for disrepute charges for the liars.
Ten Men Won The League on 19 April, 2012 at 18:52 said:
Brines + Murray should both be fired with immediate effect
Once again, a Scottish referee tells LIES about a Celtic manager
Here’s hoping our ref’s don’t go on strike again and leave us with those fair and impartial foriegn refs again ;)
Liar and Liar caught out then; does this have to be your middle name to be a ref here?
Still angry about the two match ban for declaring cheating.
Looks like the sectarian football association are painting themselves into a corner, Is the UEFA compliance officer party to all information :O)
Paul67 et al
So Brian Kennedy (not a name likely to get an invite to join the lodge) has made a revised bid for the Govan Titanic which is “not capable of being accepted”. Maybe better to take that as a No then!
row z
You dont need to score with a penalty if you think it wasn’t and your teammate confirms it to you miss it by duffing it at the goalie
matt mcglone @MattMcGlone9
An embarrassing day for the SFA, The linesman said Neil swore 4 times at the ref, the ref’s report said he didn’t swear
If I didnae no better I would have guessed the caller Hugh on Snyde there was Mr McIlvanney…. Sounded very similar….
They’ve just said it’s Calum Murray Ian Brines and
LENNON.
* can’t help themselves*
So Neil has been cleared of ibrox tunnel incident, great news but we need to pursue this matter.Obviously our QC has found serious discrepencies in thier story and it has collapsed…
Inte them Celtic
If ever there is a good time to serve a ban surely the remaining games are that? I realise it’s probable that Neil won’t be in the dug out for the final (ever?) game against Rangers but don’t think that’s the end of the world.
Jobo
If it is a 2 game ban, it’s that now a 1 and 1/2 games as he wiz sent to the stand at. Hauf time at ibroke
HT,
That is Mrs.TIO’s neck of the woods. Mine is Wishaw Main St. bet you don’t get there too often.
hugh on snyde ‘ i’m a celtic fan….’ yeah right!
Bottom line is the fact that there were lies proves in this instance it was ” Personal” therefore proving NL’s claim for the next charge of it being “Personal” holds water.
The Lennon thing is staggering.
Another ‘honest mistake’? How can they keep getting away with this?
Whoever it was said NL confronted the ref ON THE PITCH on Sunday to avoid it being twisted later might well have been right.
Was Willie Conquer the linesman who said Neil swore four times in the tunnel?
Yes he was.
This man just keeps popping up.
Fritz A. Grandold @fritzagrandold Reply Retweet Favorite · Open
So if Neil Lennon has been cleared of incident at HT. If he didn’t swear/wasn’t aggressive. Why was he sent to the stand? Million $ question
Stick it to them Celtic..
Putting things into context. Neil has received a 2 game ban for his comments after the game. Perhaps Celtic should take the time to bring to the SFA’s attention the comments of numerous managers this season who have been let off without bans (Butcher comes to mind first).
The personal thing needs no argument as far as I can see.
Neil has been attacked personally on the touchline.. He’s been threatened personally and some kind of homemade device was posted, addressed to him personally.
He’d be entitled to be excused for thinking it was personal in any case.
Today just proves that it really IS.
Re my last post I should have made it clear that I’m referring to the ban imposed in relation to the league cup final.
The issue relating to the Ibrox charge is totally different and I really do hope that the Club come out fighting on that issue .
Jobo
Two game ban ?
jake the snake @celticservant Reply Retweet Favorite · Open
I expect a referee strike. Tonight the SFA have delivered a verdict that questions the honesty & integrity of Iain Brines. #taintedrefs
Retweeted by LivornoBhoy
Brinesy we can see you sneaking out…
willie conquer
I hope if there was a corridor deal done it did not include a “gagging” or “will not pursue further” clause.
The person(s) who lied should be named,shamed and sacked along with a thorough, independent investigation into the culture and climate at the sfa where such an outrage can occur
Just in from work and been busy all day, I received an email from companies house as I’m watching der huns movements, have they filed for liquidation?
V
HH
I’ll post my info if it hasn’t already been up, it may be auld news…..
V
Estadio Nacional on 19 April, 2012 at 19:02 said:
Ah ha that Willie Conker….
D&P have said Brian Kennedy’s new, improved offer was incapable of acceptance because it wasn’t in writing.
He’s obviously a serious player.
Willie Conquer – liar liar.
More questions than answers in regards to the hearing at Hampden,…I think a whole lot more is going to come out of this..
This will rumble on.
Did Neil not have a ban suspended last year? Maybe that will kick in too.Why don’t Celtic appeal the ban? They are clueless liars.