Pay As You earn, or PAYE, is the mechanism through which most people pay tax on their income in the UK. It is deducted from source by employers, who forward collected money to HM Revenue & Customs (HMRC).
Not everyone is paid this way. In the decade prior to their liquidation, Rangers paid 53 players over £33m through Employee Benefit Trusts (EBTs). They paid owner, Sir David Murray, and manager, Alex McLeish through trusts, and also paid then-Blackburn Rovers manager, Graeme Souness, and then-Everton manager, Walter Smith, through EBTs.
Former players still involved in the game, or in the media, received pay through EBTs, including Billy Dodds, Steven Thompson, Neil McCann, Kris Boyd, Alex Rae and Barry Ferguson, the latter pocketing a clear £2.5m.
HMRC have instructed recipients to contact them in order to make plans to pay tax on this income. The money received is regarded by HMRC as a net figure, tax and National Insurance contributions will be added onto this, almost certainly always at the top rate. Then penalties and interest will be added. Players like Peter Lovenkrands will have to find money to top up the £902k he received.
Players received a letter from Rangers agreeing to underwrite any tax liability that resulted in them agreeing to take a portion of their remuneration in this way. Unfortunately, that agreement perished when Rangers went into liquidation.
No one likes paying taxes, but it funds healthcare, social services, housing, roads, police and even the monarchy and armed forces. What happened was a disgrace.
The club paid the ultimate price, with supporters going through incessant humiliations. The directors of Rangers at the time, including David Murray, most recent past SFA president and another EBT recipient, Campbell Ogilvie, and Dave King, men who were paid to look after the interests of the club, its staff, supporters and creditors, were never asked to account for bringing the game into disrepute by the SFA.
The chief puppeteer should be sine died from our game.
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The last link isn’t working try this below
http://beta.companieshouse.gov.uk/company/SC005453/filing-history?page=21 … “Incorporation” at bottom of page. > View PDF (24 pages) /
If they play The Dufferlo and Nyafferty up top together we will run riot.
Of all of the names we have been linked with I would hold some hope in the guy from Groningen. In terms of fee and age and club pedigree it’s sounds about right.
In terms of 3 or 4 players coming in I would be happy with 2 at this point. The Serb and a midfielder of the central sort. With 2 whole days left we normally have folk lined up at airports or pictured in a hotel or something.
What we have is an arbitrary list of names in the public domain. I would hope it isn’t so haphazard but it appears there are no favourites and scatter gun followed and an announcement sometime that we tried.
David Murray probably does not give a shit about his time at Ibrox and causing the liquidation of the old club.
Aye, at least Neil Lennon had the chuckie ar la’s to walk oot.
Look’s like oul Brendan’s got the oul soup recipe √ ;
Zzzzzzzzz
Out of the depths I have cried to Thee O Lord! Lord, hear my voice. Let Thine ears be attentive to the voice of my supplication.
If Thou, O Lord! wilt mark iniquities: Lord, who shall stand it? For with Thee there is mercy: and by reason of Thy law I have waited on Thee, O Lord!
My soul hath relied on His word: my soul hath hoped in the Lord. From the morning watch even until night:
let Israel hope in the Lord. For with the Lord there is mercy; and with Him plentiful Redemption. And He will redeem Israel from all his iniquities.
Eternal rest give unto them, O Lord! And let perpetual light shine upon them. May they rest in peace.
Amen.
V. Lord, hear my prayer.
R. And let my cry come unto Thee.
Bless, O my God! the repose I am about to take, that, renewing my strength, I may be better enabled to serve Thee. Pour down Thy blessings, O Lord! on my parents, relations, friends, and enemies. Protect the Pope, our Bishop, and all the Pastors of Thy holy Church. Assist the poor and the afflicted, and those who are now in their last agony. Look with an eye of pity on the suffering souls in purgatory, particularly N… N…; put an end to their torments, and lead them forth into everlasting joy. sorry bhoys and ghirls, prayed with Annette this afternoon with father quinn, this is her favourite prayer, with all the doom and gloom on here thought I would post it just remember no matter how bad you feel there is someone feeling worse than you.hh.
Zzzzzzzzzzzzzzzzzzzzz
right enough
BSR…
Who is this HANDS guy you speak of?
Max Bygraves!… c’mon spill the beans
Dont mind loan players but think perm centreback and rightback needed. Loans now for said area just giving ourselves a headache at start of next season. We need a solid, well drilled backline to build from.
wingers, attacking midfielders and strikers are more easily integrated into The teams hence high turn over not such a problem.
Do I think it well happen? Friday is omly 3 days away, We shall see.
HH
Requiest cat in Packy?
Requiest cant in pace.
I find the whole- “How much better are Sevco now?” debate to be a bit moot.
Celtic, under Ronny Deila contrived to lose a match to them, albeit on pens, when Sevco were, palpably, a poor outfit.
Last year, Celtic managed to lose at home to Aberdeen and draw with Hibs, Killie(2x), St. Johnstone (2x), Dundee and Sevco. Away from home we lost to Hearts, Killie and Hibs and drew with Well (2x) and Hibs.
Even in our Invincible season, we dropped points to ICT (A), Thistle and Sevco at home and Ross County (A)
It does not take a good team to beat us. Poorer teams than the current Sevco have done it. It is highly probable that we will drop points to them, maybe even in our first game with them at the weekend. Even if that happened, it does not mean that Sevco are a better team than they were. A league takes a lot of winning: It is never won in September.
The only way that Sevco prove they are a better outfit is if they sustain a league challenge. Getting off to an ok start proves nothing- we have seen Hearts win their first 9 games and lose a league. We have seen Aberdeen as front runners but they were well back come April. Sevco have to develop a squad that can cope with injury. They have to keep finding the money to keep their players sweet if they achieve targets such as cup runs and Europa League qualification. They have yet to do all of these things.
Talk to me of improvement when they have.
That said, I can see that a back 5 of McGregor, Tavernier, Goldson, Katic and Barasic is currently playing better than any of their recent backlines. I can recognise effective journeymen in Arfield, Jack and Candeias. I can even admit that Morelos has managed to hit a few more coo’s erses with his banjo foot, but I still do not see an effective squad outwith their top 12 -14 players.
It will take more than that to win a league.
I remember back in the 90’s fooling myself that the additions of Gary Gillespie or Stuart Slater or Pat McGinley or Mikey Galloway was just what we needed to add to the Collins & McStay team that we were back then, in order to make us competitive. I was proven wrong time and again. I could not admit how good they were then or how truly weak we were. Sevco fans have been living my 90’s nightmare these past 3 years. They are always proclaiming their challenge and failing to deliver or sustain it.
One of these days, they might get it right. Sunday might be the start of their best chance at it.
They are meeting a Celtic team and support which has quickly become a house divided as we fret and worry about the posibility that we won’t make the 10iar we promised ourselves (we should, of course, only be looking to go for our 8th and forgetting other numbers until 8 is won). Sevco, on the other hand have reason to be bouyant and upbeat. They are not just whistling in the dark. At least, not till we put the lights out.
It is a perfect storm. Defeat for either party will bring a lot of soul searching. Our support lacks the resilience to cope with a defeat from Sevco and their support will just riot and maim if reality sets in this early and Celtic re-assert themselves. A draw or a narrow win for Celtic will lead to continued bluster and bravado from Ibrox until other teams manage to do what Well did last weekend.
I am neither scared nor complacent. I can face defeats from them and dropped points to them in one off matches, so long as we win more often than they do over the course of a league campaign.
For Sunday’s match we are priced at 7/10: they are available at 9/2 with a draw at 16/5.
For the league campaign we are 1to 6 on and they are 6 to 1 against.
Bookies get things wrong but they are right more often than they are wrong. With a wee bit of effort from our regular hunskelpers Gordon, Lustig, Brown, Mcgregor, Rogic and Dembele and a role to be played by hunskelpers-in-waiting, Forrest, N’tcham and Sinky, I feel we will be less angsty by next Monday.
That is a prediction and not a promise or a guarantee, though.
SFTB
I am more concerned about Thursday.
This is not a gimme. We need to turn up in our work gear for both matches ahead. If we do? We will win both games convincingly.
YNWA
Losing on Thursday will have a far greater impact on our season than losing on Sunday.
I’m confident we will win both though
SFTB
You are on the wrong blog. That sort reasoned rational thinking doesnt work here.
Let me show you how its done.
Option A
Sevco are rank rotten, we are going to put them in their box, they have no money, the players havent been paid in weeks and Gerrard is ready to walk.
Option B
Sevco are being secretly funded by Ulster Loyalist money launderers operating out of Hong Kong and have brought in some decent players and will probably win on Sunday.
Option C ( my own favourite)
Desmond wants a strong rangers going neck and neck with Celtic and has instructed Lawwell not to invest in the team, all for the €49 bigot buck. Rodgers knows this and will leave after we sell Dembele. Paul 67 is in on the scam and his job is to keep us suckers onside with squirrels
Look out for a few Bhoys signing new deals this week….
Bada Bing
Squirrel ???
DD
Agreed- Thursday is more important
I was just joining in with an earlier debate
BB
Dedryck?
SFTB
I know you were T.
As usual, I enjoyed your post there.
Agree 100%.
YNWA
WITS-DD- No names guessing Broonie, Forrest LG …..Boyata maybe?
Watching AEK go 3 – 1 up on aggregate. The AEK centre forward Livaja not the quickest but great hold up play and two good feet. He would do s good job for us.
GLENDALYSTONSILS on 28TH AUGUST 2018 5:30 PM
TIMALOY29 on 28TH AUGUST 2018 5:21 PM
bournesouprecipe on 28th August 2018 4:32 pm
Bear in mind that Hibs allowed Villa to speak to McGinn before a fee was agreed. For Hibs, read ‘Rod Petrie’
Of course they did. Our mate “anyone but Celtic” Rod offered Villa no end of encouragement.
*putrid another harry swann, he did the same with Fletcher and thomson and would have personally drove Broonie tae bader park until a real Hibbee like WGS stepped in.
I hope the most influential Scotsman in fitba blocks that wee ratbags claim for presidency of the scottish freemason association.
On Thursday, i think we will have no issues with Suduva and will cruise through.
IMO much of what will happen on Sunday will be dictated by that happens to us and them on Thursday and what we do come end of day Friday. A confidence boosting win for us and morale boosting acquisitions by end of day Friday will set us up very well, the opposite doesn’t bare thinking about. Similarly a confidence boosting performance in Russia will do wonders for Sevco or defeat, not so much, elimination would be catastrophic and is still a very real possibility. The subsequent pressure on them on Sunday would be enormous.
TONTINE TIM on 28TH AUGUST 2018 9:14 PM
Yes. I hope PL takes it personally. They can whistle for Scott Allan too.
D17
Gonnae say what I feel.
I think we will pump da hun rotten again on Sunday.
YNWA
AEK and Vidi both rank rotten. How did it come to this, Celtic?
GLENDALYSTONSILS
Referee was a Homer?
BSR
Certainly ruined our Odyssey-))
Hola amigos! Still no rumours of any TV coverage for Thursday’s qualifiers?
BT advertising Burnley v Olympiakos but no word of our game.
Right. Keeping a very low profile during transfer window time as I remember how much last year’s shenanigans drove the likes of The Green Man round the bend – likewise the much missed TET this time around. How I wish this place was also a hun-free Valley. Anyway, Popping my head out of my carapace ‘cos I’ve just bought tickets for two of my daughters and myself for Thursday’s game. I envy all on here who attend all or most of the games, but believe you me when the likes of me gets the (these days) occasional chance to see the ‘Tic then we savour every second of it. Come Thursday, I’ll be excited as a wean with three heids. Can’t wait.
Come On You Bhoys In Green.
Jobo
If it is not on in Spain I would be very surprised. They show every game fae everywhere in the Tapas hooses.
Enjoy
YNWA
Glendalys
Can you hear me……………. Can you hear me?
Aristotle, Plato, Archimedes, Pythagoras, Brad Pitt, Nick the Greek, Hector, Jennifer Aniston, Nana Misscouri and Georgios Samaras
Your boys took a helluva beating ( nearly ) CSC
Jobo
Denia bhoy on here may have an idea of any bars in your vacinity
Scaniel
Magic bro.
Doubt I will meet you again on Thursday.
Enjoy M.
YNWA
BSR
……and the chooky Embra…….-)))
Glen D- canny see game being on TV….