Side-letters, of course, had not been registered with the football authorities

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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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323 Comments

  1. Huns Tax Case Tribunal changes nothing ABSOLUTELY NOTHING so its not worth mentioning anymore. What is worth mentioning is that Celtic WILL BE PLAYING EUROPEAN FOOTBALL AFTER CHRISTMAS>

  2. Just waiting for the first Zombie to say “Can’t wur relegation be reversed? We’ve been proved innocent!”

  3. james forrest

     

     

    The SPL enquiry is nothing to do with the FTT, or tax at all. It should have no bearing on the SPL enquiry.

     

    It is about side contracts(letters), and if the SPL enquiry is to take anything from the FTT result it should be that the tribunal states categorically there were undisclosed side letters, undisclosed to the SPL/SFA, I may be wrong, have been before, but I don’t think so this time.

     

     

    Ray Wilkins can’t have heard about our win over Barca, he just stated no team in the CL can beat Barca in this seasons CL, numpty, it’s been done already.

  4. Hope Hooper and Sammi are goof for at least 55-60 mins then young Tony gets his shot to provide fresh legs. 1-1 will do me just fine.

  5. Lennon n Mc....Mjallby on

    Ernie

     

     

    You would have thought that simple question wouldve over ruled those who voted in favour of the payments being loans-

     

     

    So why the hell didnt they register the players correctly?!

  6. danso – that’s the truth mate.

     

     

    top flight Scottish football in 2 years and debt free and history laden.

     

     

    there will not be a title stripped…

     

     

    U

  7. Tax case, schmax case. We’re havin’ a party in the Champions League …..

     

     

    C’mon Celts, give us the score draw and we’re home and dry. Hail Hail!

     

     

    BTW, all that dosh we’re pulling in from the CL – is it taxable??

  8. The reason the pundits all thought the huns were stuffed was because they’d heard what the evidence was.

  9. ” So why the hell didnt they register the players correctly?!”

     

     

     

    Because the payment would be subject to tax. Ala juniho

  10. So the Oldco ended up not owing AS MUCH as they might. it is layered.

     

    Individuals can now be pursued. Squeaky bum time for a few others.

     

    The result is nothing to do with side letters/contracts which still exist and the FTT saw them. It has no impact on Football rules.

     

    Rangers died in effect for less than they might have and could have survived.

     

     

    And that’s a Victory?

     

     

    Jeez oh.

     

     

    Anyway. Celtic guaranteed European Football in February or March and playing tonight for a chance to get to the last 16.

  11. ulysses, History Laden? You’re having a laugh. They have won NOTHING, not even the Ramsden Cup. Debt Free, doubtful, Looks like the initial equity was a Loan. Back in Top Division maybe but with a sh*** team and no money to buy in players.

  12. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    ernie lynch:

     

     

    Just noticed I’d written that haha.

  13. Fav uncle

     

     

     

    Forster; Lustig, Ambrose, Wilson, Matthews; Brown, Wanyama, Ledley, Mulgrew; Hooper, Samaras

  14. Alasdair MacLean on

    Is the Rangers thing like the old joke of the old wummin at the bus stop?

     

     

    “Did ye hear old Jimmy’s deid?”

     

     

    “Naw. Whit did he die of?

     

     

    “Ah dunno. But ah heard it wisnae anythin that serious.”

  15. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    Sky giving us the full treatment … excellent.

     

     

    Really looking forward to this.

  16. Pggtipps2

     

     

    I meant vindication for minty in the sense that he always maintained that their operation of EBTs was not liable to the tax HMRC were claiming…. Today’s ruling unfortunately proves him correct!

     

     

    Absolutely certain their will be no appetite for the independent tribunal to strip titles in what will be a triumphalist few weeks from the Orcs.

     

     

    The whole thing sickens me.

  17. Nah Burghbhoy, The Nimmo Tribunal are Legal men, they will not be swayed by any Orc nonsense. This means nothing lad, in a way it could be a plus if BDO start chasing up the likes of Souness for repayment of “Loan” who knows what will come out of the bag.

  18. How are the msm managing to portray this as victory for old rangers? They are still and will remain deceased. They were guilty. They are gone. Hope billy dodds invested his loan wisely.

     

     

    This aint over.the inbred infight is just about to begin. Who will sue who first if hector calls?

     

     

    Anyway, non dead clubs playing in champs league. Laters