The First Tier Tribunal not only delivered a verdict on Rangers tax case, they also nailed the issue facing an SPL Commission on the non-registration of player earnings. Certain HMRC assessments were upheld and some declined, as we expected. The findings:
Some payments were taxable and liable to NIC
Some payments were loans to players and “remain recoverable and represent debts on their estates”
Non-registration of side-letters [with the SFA and SPL]was incompatible with both authorities’ policing and disciplinary powers
The appeal “reduced substantially” the tax demand but upheld that “that advances in favour of certain players are taxable and liable to NIC”. So HMRC can look to recover much of the EBT outgoing from recipients, whereas the tax and NIC elements will perish with the liquidated company.
I didn’t expect the FTT to report on the non-registration of side letters but they were categorical on this:
“Side-letters, of course, had not been registered with the football authorities, the SFA and SPL. The spirit of their rules was that the whole contract terms should be registered. Suspiciously, no evidence was led as to who decided that the benefits in terms of the side-letters should not be registered. Non-registration of side-letters was incompatible with both authorities’ policing and disciplinary powers. For example any fines imposed on players would customarily reflect the disclosed wage. Non- disclosure would thwart the authorities’ powers.”
The report is anonymised and no indication is given as to which elements of the demand were upheld, which were denied, or the quantum of the demand.
Orders are now open for the very first CQN Annual, get it here!
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Andres Iniesta = Class, Messi again 0-3
Bada bing
Should Barca win tonight , Benefica can’t catch them ..even if they win both their games
In fact were the only team that can catch them ….
Barca will only have something to play for if we win
In which case who cares what the Barca score is
3-0 Messi ..again
0 3
Spartak are in danger of getting a real sore one here.
Barca are stuffing them
ScotPatsFan, Salve salve,
Why not? when have they ever done anything that required courage and integrity? I do hope I am wrong though. I still believe there is much more fun to come and I will be astonished if there is not an appeal and even more astonished if that appeal was not successful.
Greenwells.
Cum Grano Salis
….and we actually BEAT that FABULOUS team…..WOW
….and HMRC will get some money out of them
….it comes in 3’s ……MON THE HOOPS
Surely the Loans would be money owed to OldCo and not HMRC. Obviously they are not Loans and no one is going to pay them back but would not The Liquidator be legally obliged to collect on these Loans to pay the small tax bill & Ticketus. If he does institute Legal Action there could be some very interesting stories emerge. I don’t see this as good news for the Huns at all.
Breaking news
Spartak legendary striker made a call to Vladimir Putin.
Putin will play in the second half and promised to win this game 4:3. He also promised to sing Blueberry Hill for all who will stay at the stadium after the game.
Is it awe over in Moscow???
Kojo
This score in Moscow puts the win at CP into perspective once again.
Almost HT Kojo
Z
I think that’s my first encounter with Polish sarcasm :-)))
The Barcelona game is being shown on Fox Sports for viewers in USA
rangers win big tax case
but players who received ebt’s can be made to re pay these loans,
double standards, if rangers enticed these players to use ebt’s
could get very interesting,when players ,say they were told by (ogilvey) no its fine just sign here like i did.
only in scotland , assault a person during an english game =jail inside 7 days
assault a person during a scottish game ,= found not guilty
Kojo
It was over before it started.
Count it over in Glasgow in December.
Barca finding the Red Brigade easier to cope with than the Green Brigade.
Giovanni di Stefano @DEVILSADVOKAT: “The next step is for a shareholder to apply to court to reverse/revoke administration/liquidation…I wonder which shareholder will do that?” Is that an indication of intent from the former Dundee director who bought a share in Rangers as they headed for liquidation?
Spierso quite clearly bollock naked, pullin his puddin whilst talking to shortbread there. He has just rebooked himself a holiday to jersey.
Wood and trees comes into mind
Zbysek
Thank you.
I find it funny oldco died just owing 14m tax (maybe a wee bit more),
if only they had ‘won’ this case before the CVA was turned down……
they would still be alive and playing in the SPL.
Every cloud has a silver lining CSC
So.. Noo .. 3-0
Great.
Keep up the updates.
Kojo
HMRC will pursue individuals and we will pursue Champions League GLORY
You have to laugh…
==========
‘Giovanni di Stefano @DEVILSADVOKAT: “The next step is for a shareholder to apply to court to reverse/revoke administration/liquidation…I wonder which shareholder will do that?” Is that an indication of intent from the former Dundee director who bought a share in Rangers as they headed for liquidation?’
PFayr
Barcelona only rest players if they have a ‘clasico’ on the horizon, usually if it was a Copa Del Rey game beforehand
It is well known in Spain that Messi throws a hissy fit if there is any hint that he may be ‘rested’
Vilanova will play a full strength team against Benfica. I am in no doubt about that
Greenwells Glory
I also hope they do their job.
But they would have to publish their findings from their own investigation, so it won’t be a done deal behind close doors by men in brown brogues.
SPF
Kayal33
The SFA does not need to do anything. They are not compelled to act on any SPL investigation.
My guess is that the stripping of cups and titles will be enough.
All other titles and cup wins Sevco will claim with full SFA approval.
HH
Can I have raspberry…..
Stop it …
3-0 half time in moscow
I am intrigued by the FTT findings.
The monies are recoverable from the former players and their estates…..
If I were a former player and the trust came to me to recover the ‘loan’ money that I knew was never a loan, my lawyers’ phone would be lighting up.
A few law suits from a few former players claiming that they were lead to believe that these loans were not re-payable and I see the case being blown wide open again.
Will all the players pay back their loans without resisting? Not a chance
The question is WHEN would these loans need to be paid back to the trust? If no deadline given, this could go on ad infinitum (or ad nauseum even)
This is far from case closed from and HMRC perspective.
Finally… the influence of Freemasonry is yet again tainting the law makers and keepers of our land…shameful
Awe_Naw_No_Annoni_Oan_Anaw_Noo
Are the SFA not the appeals body should the SPL decision be appealed by the zombies?
tmwtl
Aye n wee Marc Crosas will boot Vilanova in the haw maws if he plays a weakened team.
HT Spartak 0 Barcelona 3
Perspective indeed.
….pfayr
17:49 on
20 November, 2012
Can I have raspberry…..
Stop it …
Sorry
Dinner time I know
GG..
Thanks,pally..
Mr. Z.
Appreciate yer input.. Przyjaciel..
Kojo
Russian commentators are jokeing:
“- I would like to be in Spartak dressing room in half time. I wonder what Emeri is going to say?
– Do you think he is going to tell them anything?
– Yes, I think he is going to tell them- Guys, it’s okay. Play this game in the second half. In the meantime I will pack my bags will go back to Spain.”
What chances a full dissection of tax case on MSM radio tonight. The corks will be popping
Don’t know if HMRC will appeal. As things stand, they will get more money off ex-Rangers players than dead Rangers. They will have the bigger picture to consider. Can they afford to let this stand and lose the tax from untold hundreds of people who had exploited this loop-hole?
Kayal33
Charles Green was instructed after visiting UEFA and the ECA to deny that the SPL has any jurisdiction over them. I expect the SFA to eventually concur.
HH