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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.

Windstrailer4

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  1. TBJ says Wee Oscar Knox is in heaven with the angels on 1st Dec:

     

    Did you get Zbyszek’s contact details I sent you?

     

    Zbyszek:

     

    You are welcome my friend.

     

    Keep the Faith!

     

    Hail Hail!

  2. Sorry for the jigsaw posts, ‘error’ appeared when I tried to post it all as one.

     

     

    When I attach green four leaf clover and green heart it won’t let me post.

     

     

    Blantyretim: do you give grinds on emoticons:-)

  3. Haha haha.

     

     

    It’s my turn. Woo hoo.

     

     

    Infamy. Infamy.

     

     

    They all got it in for me.

  4. !!BADA BING!! on 1ST DECEMBER 2015 9:10 PM

     

    Was it a part of the retractable roof or the fabric of the casino

     

     

    ———-

     

    That’s how Mark Hately will spin it.

  5. TBJ I understand. Ursynow is good area for public transport reasons. You will be close to subway line and can get quickly to the other places. All sounds good. Have great trip and time in Warsaw.

  6. The Spirit of Arthur Lee on

    Looks like the plug from Back to the Future for powering up the DeLorean with a lightning strike! #outatime

  7. Celticrollercoaster supporting Shay,our bhoy wonder along the way on

    Listen the floating pitch will rise above any falling debris :-)

     

     

    HH

     

     

    CRC

  8. Hi Dena29: left a couple of posts for you, not sure if you caught them. Jan 23 is my next visit, hopefully see you then. I’d also be interested in the Stranraer cup match, keep me in mind if there are a couple of spares on your bus.

  9. Tet,

     

     

    The huddle is probably right.

     

    If no-one in the house is downloading it’s probably your isp throttling your speed.

     

    3 meg isn’t too fast for today’s bandwidth filled pages but should be OK enough for general reading.

     

     

     

    Or it could be this.

     

     

    http://www.bbc.co.uk/news/technology-34964847 :)

     

     

    Fairtylightsinthecave csc

  10. Loosens, Hooper and Ross Wallace playing for Sheffield Wednesday, 2 nil down to Stoke.

     

    Commentator said a tube of dome description dangling from roof of stand at scrapyard. Might be Elbows.

  11. In all seriousness surely this falls under RIDDOR ? Any Health and Safety guru’s out there?

  12. Live Text Commentary

     

    56:45

     

     

    Jason Holt (Rangers) wins a free kick in the attacking half.

     

    56:45

     

     

    Foul by William Gibson (Dumbarton).

     

    55:34

     

     

    Attempt missed. Martyn Waghorn (Rangers) left footed shot from outside the box is just a bit too high.

     

    55:11

     

     

    Attempt blocked. James Tavernier (Rangers) right footed shot from outside the box is blocked.

     

    54:37

     

     

    Martyn Waghorn (Rangers) wins a free kick in the attacking half.

     

    54:37

     

     

    Foul by Jon Routledge (Dumbarton).

     

    47:16

     

     

    Roof falls down (Rangers).

     

    47:16

     

     

    Jon Routledge (Dumbarton) wins a free kick in the defensive half.

  13. CRC: Not sure if you saw my reply to you on Monday. I won’t be over before Christmas but thanks for offer of drinks. I’ll be over on Jan 23 and happy to meet up then. Well done on your fund raising efforts for Shay, keep up the good work

  14. prestonpans bhoys on

    Noticed some posters suggesting a “rate this” at the bottom of each post, only problem with that is there’s roasters on here who would hit the “thumbs up” button against their own post all day :-)

  15. When the half time announcer says “It’s time to raise the roof!”

     

     

    He’s usually talking about the fans ramping up the atmosphere.

     

     

    Not helping out with stadium repairs

     

     

    :))

  16. Geordie

     

    Ha, the Mrs has just put up two lots of fairy lights tonight, but we had the same problem the past few nights, so she has instantly discounted that theory.

     

    Aye 3 meg is no much, and we pay through the nose for it, one of the drawbacks of living in the sticks, CTV is a total waste of time, streams are much better, infinatly less buffering, shame really.

     

    HH

  17. Celticrollercoaster supporting Shay,our bhoy wonder along the way on

    TSoAL

     

     

    We could do

     

     

    Last Man Flouncing

     

     

    Last Man Growling

     

     

    HH

     

     

    CRC

  18. Anyone know what is up with Saidy Janko ?

     

    Seems to have disappeared

     

    I also see a lot picking their team with McGregor in the midfield, would be playing Armstromg in there all day long instead of McGregor

     

    All about opinions

     

    So let’s talk abooot the Celtic

     

     

    Hail Hail

  19. ALMORE on 1ST DECEMBER 2015 9:18 PM

     

    Hi Dena29: left a couple of posts for you, not sure if you caught them. Jan 23 is my next visit, hopefully see you then. I’d also be interested in the Stranraer cup match, keep me in mind if there are a couple of spares on your bus.

     

     

    sorry Almore didnt see your posts , dont read back much now as you said the bickering leaves me cold

     

     

    I think the problem for the stranarer game will be getting tickets,seats on the bus would be no problem

     

     

    HH

  20. glendalystonsils on

    Embdy know if the Liam Caddis playing for St. J in tonight’s development match is any relation to Paul Caddis?

     

    Another of our youngsters who looked destined for great things at one time.

     

     

    As for that loose girder at Ibrokes, it’s obvious the unseen fenian spanner has been at work .

  21. Celticrollercoaster supporting Shay,our bhoy wonder along the way on

    The Tim Reaper

     

     

    Unless it hits someone, it is only a near miss. Shame :-)

     

     

    Almore-looking forward to it

     

     

    HH

     

     

    CRC

  22. The news that chunks of the Bigotdome are falling from the sky amuses me. Oddly enough I was reminded by a friend on Sunday of a match which was postponed at Celtic Park due to roof damage. It was played the following midweek. It was the infamous Inverness CT cup victory. Made me wonder if we had played on the Saturday would history have taken a different turn.

  23. A Soldier just tweeted.

     

    ” You are safer dodging bullets in Afghanistan than abseiling of Roof at Ibrox “

  24. CRC

     

     

    It might be a dangerous occurrence.

     

     

    Anyway, not to worry I’m sure they will be as transparent as ever.

  25. TBJ says Wee Oscar Knox is in heaven with the angels on

    Hopefully some asbestos dust sprinkles all over the Bassas. Although I don’t think mesothelioma kills zombies

  26. Rubicon

     

    I remember sitting in our supporters bus in the car park when that game was postponed

     

    High winds had lifted one or 2 of the roof cladding panels, which were blowing about

     

     

    Hail Hail

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