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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. Tekky question.

     

    Internet speed.

     

    What is the important reading, the download or upload speed ?

     

    I pay for 3 meg, my download speed is 2.92 meg, but my upload is only 0.58, the computer is as slow as anything.

  2. Evening to all..

     

     

    A wee article and short video about a man from Yorkville, Manhattan..

     

     

    You’ll know his name..

     

     

    http://wp.me/p6DYht-q7

     

     

    Thanks in advance for reading.watching.

     

     

    No One Walks Alone

  3. Second half not started as fabric is coming off the Govan stand. Fans being moved to different section

  4. Delay at Ipox. Something ready to fall from roof and fans shunted to a safer area.

     

    No score ht v Dumbarton.Usual songs of praise !Just kicking off now.

  5. Hun game can’t get restarted due to huge chunk of metal swinging from stand.

     

     

    Safety officer concern.

  6. THE EXILED TIM on 1st December 2015 8:51 pm

     

     

    Tekky question.

     

     

    Internet speed.

     

     

    What is the important reading, the download or upload speed ?

     

     

    I pay for 3 meg, my download speed is 2.92 meg, but my upload is only 0.58, the computer is as slow as anything.

     

    —————-

     

    Download is the important one/faster the better, you are getting what youve paid for.

  7. Ha ha. Bit of the roof hanging off at ibrox. Jeez when I heard it was needing some money spent on it….

  8. Tet,

     

     

    Download speed neebs.

     

     

    Basically it’s what you are taking from sites.

     

     

    Upload is what’s going away.

     

     

    Upload is always lower

     

     

     

    HH

  9. Mahe the Madma

     

     

    This guy has CT paws all over him/her, it’s what they do come in with a new, they don’t like my posts , yi know wit, goes both ways……troll that. But that’s only my opinion.

  10. ZBYSZEK on 1ST DECEMBER 2015 8:25 PM

     

    Passed two numbers I have for you along with your e-mail addy to TBJ.

     

    Keep the Faith!

     

    Hail Hail!

  11. THE_HUDDLE

     

    Thanks, if I may, how come then at this time of the evening, mine and the wifes computers are as slow as feck ?

     

    It’s Ok during the day.

     

    HH

  12. If its a section of steelwork work swinging loose that’s actually structural fail.

     

     

    Thats bad and says no maintained or inspected.

  13. SKY SRTS NEWS REPORTS

     

     

    A piece of metal hanging from the roof of the Sandy Jardine stand at Castle Greyskull. Causing a delay to 2d half K.O.

     

    Maybe i’s all coming to an end by an act GHOD

     

     

    KEEP THE FAITH

  14. Delaneys Dunky on

    Zbyszek

     

     

    I will think about visiting Gdansk after my trip to Dublin next Easter.

     

    Late summer may be a good time.

     

    Hope you are back to full fitness.

     

    Hail Hail

  15. TET

     

     

    Check the position of your router and antenna.

     

     

    If there is an elephant in the same room that slows down the service

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

    zbyszek

     

     

    I’m coming over with my partner – polish girl from dolhobrody who now lives in Glasgow. We are staying with her brothers family in ursynuw most of the time but maybe a day to see her mum .

  17. THE EXILED TIM on 1st December 2015 8:58 pm

     

     

    THE_HUDDLE

     

     

    Thanks, if I may, how come then at this time of the evening, mine and the wifes computers are as slow as feck ?

     

     

    It’s Ok during the day.

     

    —————

     

    Could be a number of reason, though most likely if it’s slow only in the evenings then your speed is being throttled by your provider.

     

     

    You’d just have to try different solutions to narrow it down.

     

     

    http://www.howtogeek.com/165481/how-to-test-if-your-isp-is-throttling-your-internet-connection/?PageSpeed=noscript

     

     

    http://lifehacker.com/why-is-my-internet-suddenly-so-slow-1525144792

  18. Nice to see the blog restoring its sanity. Many pages today, and recently, wasted to mindless bickering. When I check in on the site in the mornings Jobo’s weather report and countdowns to the next match always remind me how great it is to be a Tim. Evening posts are very enjoyable too. Maybe posts between 9am and 4pm should be banned

  19. THE EXILED TIM on 1st December 2015 9:04 pm

     

     

    The router is sitting on top of my PC, and the antenna is pointing up.

     

    —————–

     

    You can rule out a wifi problem by plugging in your laptop via a cable (going wired), if it’s still slow then you can rule out wireless.

  20. Delaneys Dunky on

    MiT

     

     

    50 is only a number. A good number. :)

     

    Glad you celebrated well. Lucky Bhoy!! ;))

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