Twas the night before Christmas, when all thro’ the house
Not a creature was stirring, not even a mouse;…..
The children were nestled all snug in their beds,
While visions of sugar plums danced in their heads
Tomorrow we will learn if the Supreme Court decide in favour of HMRC or Rangers’ liquidator, BDO, on the Big Tax Case, which saw the former club pay dozens of players, managers, other clubs’ managers, and executives, millions of pounds through Employee Benefit Trusts (EBTs) without paying Income Tax.
EBTs were designed to allow employers to assist staff with crisis loans. Most organisations do this at some point. If the sum is small enough (“Here’s £20 from petty cash to put fuel in the car”), the payback period brief enough (“Here’s £500 until payday”), or the organisational oversight not too onerous (“The boss says you can have this, pay it back when you get the insurance money through”), such agreements are often informal.
If the above conditions do not apply, the employer would need to setup a Trust, whereby it could pay the loan, which would then be repaid.
Employee Benefit Trusts were not introduced as a way to allow millionaires to avoid paying the Income Tax and National Insurance but they were exploited in exactly this manner by Rangers, whose liquidators continue to spend creditors’ money to in the hope of avoiding tax which will never fully be paid from the limited Rangers’ creditors’ pot.
If BDO are successful, tomorrow you will see many poor and disadvantaged celebrate the triumph of the rich, who have reduced money available for public services, welfare payments, health, education and even defence. The pitiful will toast the pitiless. You may despair at their lack of awareness.
I hope this doesn’t happen. I hope Income Tax hasn’t been optional for the rich all these years.
If HMRC are successful, those millionaires may find themselves with demands for the payment of Income Tax. The public purse may be in line for a small windfall.
It will not have escaped your attention that, in this circumstance, Rangers used unlawful tax arrangements for many years. Arrangements that were not legally available to other clubs. We will explore this in another blog later today.
But let’s not get ahead of ourselves. Christmas doesn’t always come; you might be onto (sugar) plumbs. Tax may be optional.
NEW CQN PODCAST WITH SFA PRESIDENT ALAN RAE OUT NOW!
Episode 2 of ‘A Celtic State of Mind’ finds Paul John Dykes and Kevin Graham discussing a variety of topical subjects concerning Celtic Football Club, including:
* Callum McGregor: The Youth of Today;
* Death of the Cult Hero;
* Norwegian Wood – Ronnie Deila’s Exit Interview;
* Farewell to The Stone Roses;
* Hillsborough: The Truth.
Paul John Dykes also chats to SFA President, Alan McRae, to challenge him over recent comments made about Celtic’s domination of Scottish football.
Connect with A Celtic State of Mind @PaulDykes and @CQNMagazine or just listen using the link below…
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Stuart Armstrong to be found guilty in the Supreme Court for taxing Daniel Sturridge…
“Paul John Dykes also chats to SFA President, Alan McRae, to challenge him over recent comments made about Celtic’s domination of Scottish football.”
Challenges him in the same way the Huns challenged us for the league title.
I hope Celtic fan and skillful attacking midfielder Barrie McKay goes on to quickly fulfill his potential at Nottingham Forest this season and get himself a 10 million+ move to the EPL next summer.
You’ll be able to wade in the vomit down Edmiston drive.
Sturridge ?
We’re going to need a bigger treatment table……….
nothing against the guy, but he seems to be injured more often than not. Not sure I’d want us to be paying many thousands of your english pounds to have someone keep our medical team busy (busier ).
If Stuart Armstrong doesn’t want to stay, sell him now – and get a replacement sorted.
Davidopoulos
Appearing on Love Island is all well and good, but isnt Stuart supposed to be back in training:)
HH
A few things to fall our way in the next week, starting with VVD’s big move to Liverpool guaranteeing us 5 mill – hopefully that will be the first domino to topple in BR’s summer spending plans, then we hook in the targets.
THE GREEN MAN SAYS SACK THE BOARD
That I have to see, I’m sporting the mid seventies Frankie Miller myself:))
Stretch hisnae got a look in:))
Right I’m out, mini jungle wi’ the wean:))
HH
The Green Man says SACK THE Board on 4th July 2017 12:48 pm
============================================
HaHa.
That great hair will get him far, but the bhoy will be knackered…
Stuart Armstrong’s ability is actually only worth around 800k – it’s his fabulous hair that makes up the other 4 million.
The Green Man says SACK THE Board on 4th July 2017 12:48 pm
Davidopoulos
Appearing on Love Island is all well and good, but isnt Stuart supposed to be back in training:)
HH
———————————————————————————————
Fair enough if it was a reality TV show called Löw Island where he was competing to win a place in the Germany squad…
The MSM will have two headlines ready:
“Rangers win big tax case”.
“Murray Group lose big tax case”.
Bada Bing
I’m still awaiting delivery of 2 New ST.
Sandman on 4th July 2017 12:51 pm
Stuart Armstrong’s ability is actually only worth around 800k – it’s his fabulous hair that makes up the other 4 million.
————————————————————————-
I hear his coiffeur will be taking a cut…
TONYDONNELLY67 on 4TH JULY 2017 12:31 PM
A love Santa Claws.
…………………..
And now you’ve got the claws out for Santa. I have to ask the question.
Are you really the Grinch?
Sturridge?? Haha very good!
Common sense tells me:
Dembele- if we get group stages CL he stays if we don’t we sell
Hayes – not long term future but Sinclair played nearly every game last year so Hayes a good option ( think Paddy and Forrest)
Benyu – we got him for nothing so no brainier he may develop time will tell
All the rest does my head in – will Armstrong sign will the Chelsea boy sign is Sturridge a goer will we get Paddy back not to mention the stuff we have no idea about (and the stuff we have no idea about is more likely than the stuff the Sun tells us about !)
67ECW
Sandman
Rumours of Stuart’s hair going to ‘Im a Celebrity Get Me Out of Here’ on loan:), Stuart will still be in the team to face Aberdeen though:)
HH
Shocking financial mismanagement from Sevco. Turning down a £6m bid for a player then selling him for 500k? More money than sense that lot……
Is that true, Barry McKay going to Sherwood Forest?
HH
Was reading sad news earlier that the guy who invented predictive text had pissed away. His funfair will be held on monkey.
The Green Man wrote,
And its nothing to do with his hair, my hair is more stylish:)
H,mmm,I might revisit my objections to you and me sitting together on the beach,sipping cool drinks.
Good move for Barry McKay.
Sherwood Forest eh, he will be right at home, plenty of wid there, familiar surroundings:)
HH
Turkeybhoy
Poetic licence, ive got a crew cut in reality:)
I see North Korea are doing deliveries now, just like McDonalds.
HH
The Armstrong talks do seem to be dragging on a bit which is often a bad sign. Hopefully just ironing out some of the finer details. Will probably head off to England at some point but hope he sticks around for a couple more years at least.
JAMABHOY @ 12:34 PM,
By no means an expert… there are a few around but in their absence I’ll have a pop…
I believe that you can pay back the loan or pay the Tax & NI (presumably with penalties).
You would imagine the latter being the lower sum.
Of course the Revenue are going after the Employers and if they get a result tomorrow, they can start sending out demands and penalties with renewed vigour.
My belief, though I don’t know, is if they don’t or can’t get the money from Employers, they can go after the Employees… as TTR has pointed out, they have powers to do this anyway…
Hail Hail
And now you’ve got the claws out for Santa. I have to ask the question.
Are you really a grinch?
Me a grinch? Naaaaaaaaaa
https://youtu.be/bdRZsPYmhcc
Sky sports saying Sevco and Norwich have agreed a 1-3 million fee for Dorran. Has he ever played for Scotland?
Wonder how long it’ll be before McKay is on loan at Hearts/Hibs/Motherwell/A.N.Other SPFL Club?Or touring lower league English outfits as a journeyman of unfulfilled potential.
He should’ve grabbed that KeeJay-make-believe-bullshit £6m move to Liepzig in January. ;)
Timjim
12 caps
0 goals
TIMJIM
More to the question has Pedro ever heard of him:)))
Personally,I am delighted Mc Kay is off.Only player to ever give us any problems.For buttons into the bargain.
Nothing to do with his talent,he told Mad Pedro,he had no effing clue what he was doing.
I luv it.
Today, Charly Musonda’s older brother Lamisha has had his say on the Celtic rumours on Instagram Stories.
Lamisha responds with three laughing hysterically emojis plus a capital letters “LOL”.
He adds: “I love Dedryck, no one could get near him. Celtic’s interest is flattering but Charly’s a Chelsea player and is focused on Chelsea”.
So Barry McKay leaves the club run by a “robbing hood” for the area where Robin Hood became a legend.
It has a certain poetic symmetry I suppose.
Anytime now Friar Tuck has to make an appearance methinks
If Stuart Armstrong leaves the Tic, Miss BGFC will not be a happy wee bunny.
He’sSoooooooooooHandsomeCSC
(She’ll dig my ribs if she reads this)
McKay was probably one of their best players last season after their goalie and thumb heid Miller. He must have took the huff with Pedro over his green boots. The six million pound player has now become a dud over on FF and the are now happy with anything they can get. They are quoting 700,000. Silly Billy’s. F.K.B
The should be They