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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Vmhan Supporting Lenny! on 19 April, 2012 at 19:03 said:
No.
Tickety-boo…
http://www.bbc.co.uk/sport/0/football/17777970
Why is Charlie answering these type of questions? do we not have PR people who can step in and remove players/staff from leading questions designed for controversy or lead to possible SFA charges
ok I guess you all know about the liquidation document that has been filed?
V
Vmhan Supporting Lenny! on 19 April, 2012 at 19:03 said:
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?
——————————————
not yet, but a step closer.
but the big news is –
Ulysses IKEA kitchen sink is gettting picked up by Strand67, passed to a mate coming to the Saint J’s game, and hand deliverd.
Uly will finish the kitchen this side of the summer holidays, and peace will return to the household.
;-)
farcial 2 match ban for Nl what was so embaressing for compliance officer Lunny to cut a dea,what do celtic have on the apron wearing lying toeragsl
stpatricksbhoy on 19 April, 2012 at 18:45 said:
whitecrook tim on 19 April, 2012 at 18:44 said:
Confessions for you my bhoy.
Hail Hail
…………. domestos and a wire brush I think…….
Billy Ng’s share company prizes heave risen, since he was linked with a bid for Ragers?
I would had thought that they’d have fallen.
Fritz A. Grandold @fritzagrandold Reply Retweet Favorite · Open
Plausible sequence of events: Linesman says to ref Neil swore, Ref has no option to send him off, but Neil has witnesses for hearing. #oops
Willie Conquer the liar?
starry plough on 19 April, 2012 at 18:54 said:
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..
share on F’book or Twitter
NO,no,no!!!!
We surely want the the SFA to be majorly embarrassed!!
Don’t we?
Vmhan Supporting Lenny! on 19 April, 2012 at 19:07 said:
”ok I guess you all know about the liquidation document that has been filed?”
We know about it, and it’s not about liquidation.
Sorry for the delay.
Sauce boiled over then internet went down, then Lenny got two match ban….then …aw never mind.
Anyway, a few got ‘Govanhill Baths’ correct. Well done.
Paulsatim was the man first across the line. Brilliant!
Here’s the refilled baths in all their glory with a supplementary on the mystical and unforgettable historic connection behind the Red Door…..
The secret of Victoria Road?
Hail hail
Estadio (back after I’ve eaten my Arrabiata)
You’ve got to hand it to the SFA for consistency in lying to the Neil Francis.
Two in a Row CSC
A 2 game ban then?
2 consecutive games or concurrent? :-)
Ahhh wee Derryghirl has informed me the liquidation document (see email below) is merely a proposal to creditors, hmmmmm wht not just call it a proposal document, sounds like a bit of scaremongering.
This message has been generated in response to your request to monitor the
following company:
Company Name : THE RANGERS FOOTBALL CLUB P.L.C.
Company Number: SC004276
The following form/document(s) have been filed for the above company and are
available to order from our Companies House WebCHeck service:
Document Type Form
————- —-
Liq Doc 2.16B(SC)
Please visit your WebCHeck account to order the above recently filed
document(s).
If you have any questions about this email, please contact the Companies House
Contact Centre on 0303 1234 500.
If you wish to cancel or amend this Monitor Request, please visit ‘My Monitor’
within your WebCHeck account.
http://wck2.companieshouse.gov.uk
Yours sincerely,
Companies House
V
So effectively lies have been told and a story has been made up???
Thats twice now in the space of a year that our manager has been lied to by Officials!!
Have to say that these 2 Refs surely must be fired,because there is no way they can ever ref a Celtic game again??
Come on Celtic get into this mob,dont let them wriggle away again!!
Hail hail
Brian McNally @McNallyMirror Reply Retweet Favorite · Open
No wonder Lennon challenges conduct of Scottish refs as the SFA ruling that he was banished for SFA at Ibrox exposes their agenda.
Why the feck is Lennon’s representation “cutting a deal” with ANYONE?
EXCUSE ME?? WHAT???
If people told lies here it SHOULD come out. Lenny’s representative has done neither Lenny nor Scottish football ANY favours if he went outside with Lunny and cut a nice wee deal to hush this up.
FECK HUSHING IT UP. HASN’T SCOTTISH FOOTBALL HAD ENOUGH OF THAT?
This is being portrayed as a “major result” for Lenny? I THINK NOT.
A “major result” – the only ACCEPTABLE result – will be people getting FIRED.
Dessybhoy
We’d probably miss them anyway. ;-)
HH
whats the Stan Petrov banner that the purple huns had at hampden ?
right Ernie, I was getting a wee bit ayr utd there……. bliddy work got in the way of CQN ach well, champagne back on ice then.
MagnerswilldoCSC
V
What was said on plastic Hun banner about Stan?
Well done Neil, keep up the fight.
Would this constitute another first for Celtic, – given Neil Lennon was banned for half a game at Ibrokes?
St patricks bhoy
have not been in for quite a long time.kept asking why was the big eye in the ceiling looking at me,was it a masonic sign,been to confession,
Murray and Brines,how can they referee another Celtic fixture,as had been said I dont think this is finished
H H
BBC website at 19.03 , leads with two game ban story but says no decision made on Ipox tunnel incident ? Hmmmm
Then show classic” snarling Lennon” pic from Hearts game with Norrris !!! Typical
Neil’s comments about it being personal seem justified now!
Philbhoy – It’s just the beginning! on 19 April, 2012 at 19:09 said:
By the looks of it Mate there will be more to come in this story..
James
See my post at 19;09!
They should be exposed for what they are!
Complete middens!
Celtic Mac on 19 April, 2012 at 18:56 said:
Kennedy revised bid “not capable of being accepted”.
Spokesperson for Kennedy is dumbfounded saying ‘The revised offer was double what I had before which is 50% of the original asking but obviously 50p was not enough’. He continued by saying ‘I am not sure if not capable of acceptance means I step back, take two steps back, walk way or **** off!
There will be no light at the end of the tunnel incident.
Starry…..
Oh, I hope so!
I really do!
The Ed Smith vendetta against Celtic at the Rennes and Hibernian games seems to have been connected to the antipathy that the referees had against NL and Celtic after Dougiegate and Dallasgate.
In view of all of that, many would agree that the bizarre decision made by officials at Celtic’s expense are part of the same campaign of revenge.
Willie Collum-gate
Callum Murray-gate
Euan Norris-gate
William Conquer-gate
I agree with Neil Lennon’s tweet after the Hearts game.
I think it’s personal.
I hope that Derek Ogg is of the same calibre and determination as Paul McBride.
Celtic, get wired into this scrabrous organization and their coterie of small minded bigots.
Can Neil appeal his two game ban, so that he an be on the touchline against the orcs?
HH
Brian McNally @McNallyMirror Reply Retweet Favorite · Open
Incredible that a #Celtic boss is banished in the middle of an Old Firm game on the say so of two officials & it turns out he is innocent.
Brian McNally @McNallyMirror Reply Retweet Favorite · Open
The Pope-abusing former refs chief Hugh Dallas was right about bullying. Brines & co are dishing it out & Lennon refuses to take it. #Celtic
I like this guy..
James Forrest is Neil Lennon! We are ALL Neil Lennon! on 19 April, 2012 at 19:10 said:
Why the feck is Lennon’s representation “cutting a deal” with ANYONE?
*********************
JF thats 100% correct, the folk tasked with Governance within Scottish football, and the ref’s and linesman tasked with applying the rules of football during a game, if any of these have been lying then they should not be in such a trusted post(s), we DO NOT want these people officiating at our or any other football match which may affect us, our shareholders, our sponsors etc, sounds a lot like institutional lying leading to cheating.
Lets be having the truth.
NO MORE LIES.
V
Remember, there’s still a charge to come from the weekend. If a ‘deal’ has been cut, it better include that as well.
For me, I’d prefer exposing the corruption as the main issue and not in favour of any ‘cover up deals’. I’d prefer a 16 game ban to appeal and full exposure of cheating refs.
Bring on withdrawal of labour 2. I enjoyed the first film and expect a sequel will be just as entertaining.
HH
The hearts banner said petrov 19 days to die or something along those lines
Philbhoy – It’s just the beginning! on 19 April, 2012 at 19:17 said:
My take on it is, there is no way the huns can crash and burn without taking the whole stinkin’ edifice with it…
FTSFA
starry plough
I like this guy..
:-) Ha, few did when he posted on CQN.
Mort