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So stressed Juninho & film productions get an airing

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Interesting angle in today’s Telegraph: “Celtic are the only club in Scotland, apart from Rangers, who are known to have used an EBT contract”. Why are we part of this conversation?  Despite the millions of words written on the subject of EBTs over the last six years, there appears to be a curious misunderstanding about them.

Juninho arrived at Celtic with an EBT from earlier in his career. Celtic funded this Trust around the time the player left the club, informed HMRC about the transaction, and paid the tax due. No side letters (contracts) were issued with regard to this Trust. No information was hidden from HMRC or football authorities.

The conversation went a bit like this:

Celtic: Hi HMRC, Celtic here.  We’ve paid Mr Juninho’s EBT £Xk.  What is our tax position?
HMRC: £Yk tax is due on that payment.
Celtic: Thanks.  Will pay today.

EBTs are in themselves not illegal, nor even immoral. They were introduced to allow employers a framework to give loans to employees.  Many employers, formally or informally, give loans to employees to cover everything from crises to Christmas expenses.  Or migration expenses, which is occasionally the case in football.  That some use EBTs to attempt to put income beyond the reach of taxation is a reflection on those clubs, not others who openly declare EBT payments to HMRC and pay any corresponding tax.

The newspaper goes on to offer a defence against HMRC, almost as though it was dictated from David Murray himself: “it is believed that one argument against the supposition that Rangers secured players by means of EVTs (sic.) is that a range of variable inducements were in operation at that time and not only at Ibrox.

“Other avoidance schemes involved investment in such vehicles as film production companies and forestry development.”

Yes, a range of other inducements were available – legal ones.  Other people legally used other schemes.  It’s clarity of thought like this being a defence of Rangers that which put them into such a mess to begin with.

Delighted to read Rangers Tax Case back with such insight last night.  Catch up with him here if you missed it.

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  1. embramike says "the Huns are Deid" on

    winning captains on 1st December 2015 9:35 am

     

     

    Mike Ashley showed the way over the last few weeks by seeking judicial reviews on various matters. He is a Rangers (2012) shareholder.

     

     

    Raised the issue of a Judicial Review a couple of years ago, asking how one would go about calling for one, and how much funding would have to be raised.

     

     

    Would happily support this option if and when if became an issue to be addressed.

  2. Larssonse7en

     

     

    TD67 wrote

     

     

    Actually no, Hamiltontim Tim just couldent let it go, and started bumping his gums again as I remember him when I met him, a cantankerous radical nutter, like a dog with a bone, and his sidekick with him was just as bad if not worse, type of guys who say ….why you drinking Carling they only pay there workers minimum wage, you should be drinking Tennants, they pay the living wage……yup you know the type, couldent have a dump unless you debated who made the toilet paper, boring as f…

     

    ………………………………………………………..

     

     

    If this is standing up for my club I’m a China man.

     

     

    ……………………………………………………….

     

    Paul67

     

     

     

    Can you do something about posts like this please?

     

     

    Is this not personal abuse?

     

     

    My daughter used to read this Blog but I don’t let her now because of tripe like this.

     

     

    I really hope you can do something Paul67.

  3. Auldheid

     

    _________

     

    Hail Hail Oh Ghreat One. A wee question….what’s plan ‘B’ if, in the likely event…the board go all chameleon on you just at the….crux…of res12?

     

    HH

  4. PhilBhoy-

     

     

    In absolute agreement.

     

     

    That post by TD67 is disgraceful in its venom and is indeed personal insult.

     

     

    I second the motion to have that deleted, with further censure.

     

     

    There has always been the odd spat on the blog, but often in recent times the lack of civil debate and simple good manners are at an all time low.

  5. Philbhoy

     

    Don’t know you, don’t want to either, I have filed you under the word, clipe, bringing your daughter into it, your business, you ever stop to think it’s maybe because you post tripe, she gets a riddy? Just a thought, troll that.

  6. “The time since has been spent removing the doubt aided by new information becoming available earlier this year.

     

    We are now talking possible criminal negligence and one way or another the SFA will be brought to account.

     

    You can take that to the bank too.”

     

     

     

    I am soooooooo liking that. I’m in if money is needed

  7. If you’re tired of TD67 and using Chrome, install the Stylish plugin, create a new rule with this in it:

     

     

    “li.comment-author-tonydonnelly67{display: none;}”

     

     

    (without the quotes)

     

     

    Voila! No more tiresome drivel.

  8. FLORIDA BHOY (FORMERLY SDB) on 1ST DECEMBER 2015 12:22 PM

     

    PhilBhoy-

     

     

     

     

     

     

    In absolute agreement.

     

     

     

     

     

     

    That post by TD67 is disgraceful in its venom and is indeed personal insult.

     

     

     

     

     

     

    I second the motion to have that deleted, with further censure.

     

     

     

     

     

     

    There has always been the odd spat on the blog, but often in recent times the lack of civil debate and simple good manners are at an all time low.

     

     

    – See more at: http://www.celticquicknews.co.uk/so-stressed-juninho-film-productions-get-an-airing/#sthash.epdAm0ZQ.dpuf

     

     

    Aweeeee that’s the game now, the old let’s gang up and get him banned, lol, go running to the headmaster, pathetic, honestly, grow a set ffs. You are making complete arses of your selfs .

  9. Florida Bhoy

     

     

    It is people like him who get Celtic a bad name.

     

     

    He is attempting to bring the Blog down by enticing decent contributors to react to his continuous invective.

     

     

    To have a wonderful poster like BMCUW take a break from here because of him is tragic.

     

     

    Gordon64 has also left recently.

     

     

    I know who I would rather be talking to on here.

     

     

    Thanks for your support.

  10. Hello again all you young rebels.

     

     

    Florida Bhoy

     

    Nice one.

     

     

    Sorry ghuys just getting back to you all after the positive comments

     

    after my post about our BBQ and fundraiser for the sick kids, had a

     

    lot of CTV to catch up on and reading back on the last blog was

     

    painful to say the least, just think we are better than that and i still

     

    think a lot of the vitriol is caused by people not wanting to lose face.

     

    Hebcelt

     

     

    We half expected your daughter to arrive at our bash carrying a big

     

    Stornoway Celtic S.C flag but i expect she will be jet lagged for a few

     

    days, she has my phone No and email addy and me and the princess

     

    will meet her once she has settled in.

     

    H.H Mick

  11. Joe Filippis Haircut on

    PHILBHOY. You do not need to read one word of what anyone writes on CQN if you dont like a posters views you can just scroll past the post. All the Paul67 will you remove this or that is not necessary. H.H.

  12. GlassTwoThirdsFull on

    Paul,

     

    Do we get three guesses as to the author of the article?

     

    Think I might get it in one!

  13. JFH

     

     

    You missed my point about me not letting my 15 year old daughter read the Blog now, didn’t you.

  14. JFH

     

     

    I didn’t ask Paul67 to remove the post.

     

     

    You missed my point about my daughter.

     

     

    With respect why don’t you go back and read my post again.

     

     

    Any questions, I’m here.

  15. TONYDONNELLY67 on 1ST DECEMBER 2015 11:17 AM

     

     

     

     

     

     

     

     

    Auldheid

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Well that’s what you say, I don’t have proof, but I don’t make things up, it was a while ago, and the CT had a read over it that I do know, you and I will have to disagree on it, I know what I read, you say it didn’t happen. Fine.

     

     

     

     

     

     

     

     

    – See more at: http://www.celticquicknews.co.uk/one-for-the-zonal-detesters-playing-ashley/comment-page-12/#comments

     

     

     

     

     

    ========

     

    I’m not suggesting that you are making things up but whoever wrote what you read might have been or got the context wrong.

     

     

    From memory the resolution was first set out as a draft on CQN but subsequent work was done on it off line by a few with the knowledge of the rules to focus on the UEFA licence.

     

     

    The final version was shown to CST at one of their meetings to gain support to publicise it.

     

     

    This was done very quickly with barely a look at the actual words and based more on trust that those proposing knew what they were talking about on a complex issue of UEFA FFP rules.

     

     

     After that the CST had no involvement in fact I think they felt let down when an adjournment was agreed prior to the AGM.

     

     

     That came about as information not known during the drafting stage started to put together a narrative that Celtic realised put their opposition to Res12 into the very doubtful category.

     

     

     The time since has been spent removing the doubt aided by new information becoming available earlier this year.

     

     

     We are now talking possible criminal negligence and one way or another the SFA will be brought to account.

     

     

    You can take that to the bank too.

     

     

    – See more at: http://www.celticquicknews.co.uk/one-for-the-zonal-detesters-playing-ashley/comment-page-13/#comment-2729711

  16. Firstly, I am the first to admit that my level of contribution to the ole Blog over the years has been just slightly above zero. Repetitively bad early morning weather reports, the odd countdown (sleeps or hours) to forthcoming games and advice on which football teams not to bet. So what now follows will not stop the world turning or cause any cries of anguish.

     

     

    I’ve been fed up for weeks with the general (though not universal) mud slinging, name calling, drivel on what was once the number one go-to site in all of t’internet. Taking 5 – 10 minutes to actually get onto the site at work has been a further annoyance. So time for me to take a break.

     

     

    Might return in 2016 if things improve. And will still have face to face chats at The Corner pre-games.

     

     

    Happy Christmas! And, please, Be Nice!!!

     

     

    Jobo

  17. Joe Filippis Haircut on

    PHILBHOY. Fella I did not miss what you said about your daughter you said she no longer reads the blog.So I commented on you only.H.H.

  18. AULDHEID on 1ST DECEMBER 2015 12:26 PM

     

     

    KevJ

     

     

    You ask what is plan B on Res12.

     

     

     

    You and others misunderstand what is going on.

     

     

     As a member club Celtic cannot take the kind of action individual shareholders can try to take.

     

     

     Even if they did it would be portrayed as Celtic going after Rangers instead of what it is. Supporters going after the SFA for mis-governing Scottish football for years. in favour of one club. Something fans of other clubs now see

     

     

    It’s a matter of boxing clever.

     

     

     I’d love a guy like you beside me in the trenches because whilst you were going over the top to be gunned down I’d be sneaking around their back with a land mine. :)

     

     

     Where are we going next? A bit of organising to do there involving funding first unless the SFA do bow to pressure already being exerted.

     

     

    After that it’s game on.

     

     

    AULDHEID on 1ST DECEMBER 2015 12:30 PM

     

     

    Bawsman

     

     

     No more Mr Nice Guy :) :)

     

     

    – See more at: http://www.celticquicknews.co.uk/one-for-the-zonal-detesters-playing-ashley/comment-page-13/#comment-2729711

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