I know there’s been widespread criticism of many in the media for not confronting former Rangers EBT beneficiaries, now working alongside ‘proper’ journalists, for not holding ex-players to account for the enormous sums of money diverted from the tax man. I’ve spoken to a few journos who have tried to make headway on this story but been denied comment, access, or even contact details from colleagues.
The defensive line on not discussing this subject was originally “My EBT was legal and is a private finance matter”. This changed last year when these EBTs were found to have broken tax laws at appeal, when the line was changed to “This is a private finance matter which is subject to appeal”.
All fair enough. A consequence of the original legal status and ongoing appeals is that no one has broken ranks on those responsible for imposing this state of affairs on a football club, the tax man, or individual players.
The Daily Record today report HMRC are pursuing players for the payment of tax on EBTs. My understanding is that many (if not all) players received a letter from the “Club” indemnifying them from tax. Watch how quickly you’re told “Not this club, it was the club that died”.
You’re going to need patience for this one, it could have years to run, but I expect ranks will break eventually.
You can read subtext, can’t you? The Times report today that Celtic and the SPFL have written to the Scottish Government telling them to keep their noses out of the running of football clubs. This was after the Government responded to pressure from Celtic to repeal the Offensive Behaviour at Football’ Act by hitting them on a subject they knew would cause conflict with some fan groups.
Push on the Offensive Behaviour Act and watch what happens with the Fan on the Board issue which you enjoy so much but seemed to have lost momentum.
Politics is a dirty business. All this to deflect criticism of an ill-conceived, ineffective, bad law, instead of just repealing it, which will happen as soon as we no longer have a majority government. Anyway, Don’t Blame Me…….
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Now, if anyone has suspicions about my relationship with the Plc board, they can book and appointment to air their concerns with me at my new office at Celtic Park :)
THEGREENMAN
Sounds more credible than most of his stuff(!)
40% of £2.5m= loads+interest+fine(and no they won’t take it off your tax code next year:-), or pay it in instalments)
Just trying to help Bazza work out his tax returns:-0
The liability for PAYE falls on the Employer. In the event that an employee has been paid money without the proper tax and NIC deductions, it is the employer who is het for the unpaid sums.
What HMRC are doing with the new rules, is attempt to define in statute the difference between a regular, bona fides loan – season ticket loans are very common for example – and one received as part of a disguised remuneration scheme.
Basically, they’re saying, if you got a ‘loan’ from a 3rd party related to your employer, say an EB Trust, and the loan was drawn down before 2011, and if the loan is interest free and has not been repaid by 2019, it’s not really a loan, is it Pal. So we’re defining it as taxable income.
The Employer is het in the first instance for the tax and NIC, so on the face of it, pre 2011EBT Beneficiaries are in the clear.
However, the proposed new rules introduce a further snag: “… the government will amend the PAYE regulations to allow, where appropriate, for the tax and NICs to be collected from the employee where it cannot reasonably be collected from the employer.”
That’s a big deal.
Like, for example, in the case where the Employer has subsequently been liquidated.
Damn!
All subject to the Government proceding with the plan (likely), Parliament then passing the legislation (a given) and the courts (if asked) deciding accordingly.
For any EBT Beneficiaries looking in, if you don’t want to pay the tax due on the ‘loan’ you received, pay back the loan before the cut off date in 2019. Easy, eh.
Of course, if you do that, and subsequently draw down the loan again in the future, you’ll pay the tax on it immediately under the 2011 Rules.
Bummer, eh.
THEGREENMA
Who will play John Knox in the movie?
Thats the thing about having an identity crisis, sometimes you forget who you are supposed to be.
Mr Pastry, where are you:)
HH
Philbhoy
Mr Pastry:)
HH
Kill Ultra
Where did you go?
That was a quick visit.
BMCUW…
Or an ex-player of his home town club being the MIB in a Scottish Cup Final involving said club versus eh, eh, aye, correct…
Regards & Hail Hail
TBM
Canamalar @ 1504
Vgood :))
HH
https://www.youtube.com/watch?v=J7ciUZkFCaM
CQN Trolls
HH
Geordie…,
I really struggle with the shit I’ve read back on the last few days, I think we must be getting to them when they turn up and make accusations about us being in pockets :)
It’s getting nippy and burnt :)
Canamalar,
I was thinking about you the other day after reading some of the keek and misinformation.
“That crabbit hoor canamalar must be awfy busy not to come on and set them straight” was my overriding thought :))
HH
For the avoidance of doubt, anyone who wants to have Canamalar in their pocket ….. better have big pockets!
Oh and big nan is full of shit,
He decided to tell me how to conduct our meetings, demanding I take minutes, accusing me of having preferred supporters, when the bottom line is and was, not everyone gave an email as contact.
Those, including him who wrote to me asking for an update, got an update, they were asked to be careful about who they relate the info to as we had been asked to honour confidentiality of our meetings.
Everyone to a man with the exception of one man kept that confidence, Big Nan published my response on his blog, so he got both barrels, and I’d do the same again to anyone who betrays my request for confidence. Vitriol, he doesn’t know the meaning of the word, arsehole.
BRTH,
Correction, VERY DEEP POCKETS :)
Canamalar
I’m sure he knows the meaning of the word arsehole.
I thought everyone did.
Philbhoy,
Everyone does when they apply it, rarely do they apply it to themselves.
Philbhoy
The CQN legal definition of the word “arsehole” has recently been changed to:
“A place between Hamilton Tim and BRTH – frequently referred to as two cheeks of the same arse”
I see Alex Thomson and RTC waxing lyrical on twitter concerning this morning’s Daily Record revelations.
Celtic Newsnow thread reads headlines like this:
Zombie excretement.
Zombie excretement.
Zombie excretement.
Celtic.
Zombie excretement.
Zombie excretement.
Depressing stuff. Get ready the hatred will be back in short order.
Canamalar
Similar applies to the affectionate term ‘dickhead’….although I must admit I am partial to (and take a certain amount of pride in) being recognised as headdick! :) :)
Hail Hail
Matt
Matt..,
As I do with my recognised arsehole of the decade award
CANAMALAR IT LOOKS LIKE OCD OBSESSION on 31ST MARCH 2016 2:48 PM
Kill ultra,
“Kill ultra, Enlighten me about the indefensible ? ”
Canamalar.
I had signed up on the basis that RES 12 in 2013 to the AGM 2013 by you and Morrissey.
It then transpired that you didn’t even have a say in the decision to adjourn. Then we had the decision-maker Morrissey’s transformation from pariah status into the bosom of the establishment; a journey that took him from being practically thrown out by the Celtic security staff to the nice pic with PL.
You already knew my opinion about Auldheid being in PL’s back pocket. You chose to ignore this. Okay, he distanced himself from the decision to adjourn, but why? He said he was on holiday in Spain. In an era of instant messaging he must have been on a beach on the Spanish side of the moon.
Why don’t you just address my posts instead of resorting to abuse?
I wonder if any of the SMSM types received such a letter, if they have already been posted, re EBT’s?
Popcorn time
HH
Afternoon Timland from a warm hun free mountain valley.
I posted a link a few weeks ago about this new ruling on the taxing the EBT’s, the record must be getting desperate if they have to print stuff like that.
Anyways, a question, if a person got say 500K as a loan and doesn’t pay the full 500K back, what would the tax, interest and penalties be on said 500K ?
What is it with huns and always attacking the messenger, as if it’s the fault of the person who tells the truth, seriously warped these peepil.
https://www.ipso.co.uk/IPSO/rulings/IPSOrulings-detail.html?id=320
Poor Neil McCann and his fellow EBT recipients.
What a shame eh.
My sides are sore from laughing.
Cheered me right up, and im sure there will be more hilarity to follow.
Tax cheats..GIRUY
Karma comes a calling.
Loving it.
HH
THEEXILEDTIM 359
Hopefully,Tony Galenty.
Cant wait to see the DR expose on the ‘Wicked system that ruins our footballers’..by Keef Jackanory.
Those poor victims of a ruthless tax regime….and this is their reward eh.
After gracing scottish football by their very presence, to be stabbed in the back by Hector
Talk about ungrateful….how dare they.
Im cackling like a witch at the thought of Barry Fergushun having to pawn his rolexes and skateboards.
If i ever see a DR pic of a forlorn Barry wandering the streets, wondering where it all went wrong,..it will finish my off for good:)
HH
JUNGLE-SHJ@2:43 – If I ever thought that using sweet ‘flowery’ language would persuade any change in any of the malcontents among – I would employ it – you can’t wishy-washy with these individuals – they mistake it for weakness.
Tell me, have you ever read the vitriol that they post? My points are hard-hitting and I pull no punches – howevet there is always a point to my posts and not just unsubstantiated name-calling.
Lost me there BobbyM
HH
As things move on in the Fraudco saga – perhaps some may have an inkling as to the Celtic board’s position –
Why expend your energies on complaining that the toilet is not flushing – when the whole house is being condemned?
Wise up guys!!!!
MR PASTRY
Why pull your punches when you are too busy pulling something else?
Bankrupt they say….well, they got that one right:)
Could be loads of fun seeing the financial groans of the cheating bassas.
The super duper gardener, and the satanic cardigan better have those emergency suitcases to hand.
I can picture the jail doors slamming on the rats.
Tax cheats beware.
HH
THEEXILEDTIM
http://johnjamessite.com/2016/03/31/taxing-times/
Mr Pastry
You are a lightweight with a identity disorder
Once you decide who you are.
Let me know.
HH
Kill ultra,
Please provide details of your support and then I’ll believe you,
When I believe you, I will remove your name from the list of supporters, how’s that, you can’t say fairer than that surely ?
First off, we forced the board to change their voting intentions from “voting against” to the “adjournment”, wipe yer mouth.
Morissey Decision maker ? Morissey is part of the team, the team make the decisions, again wipe yer mouth.
His pic with PL was taken long before res 12 and he made that clear, again, wipe yer mouth.
Morissey being treated like that in the qualified process of submitting a resolution to a an AGM by the security was a disgrace in any mans language, again wipe yer moth.
Nobody knew your opinion, your anonymous blogger Ffs, again wipe yer mouth.
You don’t know Auldheid from Adam and I only met Adam once, I’ll trust Auldheid before Adam, at least Auldheid never blamed the bird.
Your a stupid gobshite looking to sew disharmony and there’s no enough toilet paper on the planet to soak up the amount of shit you spout, yer a one man fertilisation corporation, go fourth and multiply, your no friend of Celtic and your no a res 12 supporter.