What now from HMRC after New £9m tax delinquency

1073

Contrary to our earlier understanding, Rangers did not win a ruling from the Court of Session on who was to be appointed administrator, HMRC and Rangers came to agreement on the appointment of Duff and Phelps, who acted for Whyte during his takeover of the club.

The admission by Duff and Phelps that today’s court action by HM Revenue and Customs was in connection to circa £9m unpaid tax accrued since the takeover in May last year will come as a surprise no one in the Celtic Quick News community.  This is why Rangers are now in administration, it’s nothing to do with the big tax case, or indeed, the wee tax case.

Key question is, what will HMRC do now?  They’re not going away/. Rangers continued to sign football players despite being delinquent with taxes, and briefed journalists that they rejected a £9m offer for a player on 31 August 2011.

The fact that the business is in administration due to activity carried out under Craig Whyte’s tenure may also interest the Insolvency Service, who are already investigating Whyte’s takeover of the club following information passed by former chairman, Alastair Johnston.

One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).

If you would like to read CQN Magazine online (for free), click here.  You can download a pdf of the magazine using the button at the top of the page, second from the right.  Click on the link below to order a hard copy of the magazine.

Ship to:

You can support the online edition by making a discretionary donation here.

Click Here for Comments >
Share.

About Author

1,073 Comments
  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 29

  1. there is an icon of celtic football club who lost the prime of his career due to being shackled by david murrays fantasy football game at glasgow rangers.

     

    that man now lives in australia and i raise a glass to him tonight…his name is paul mcstay.

     

    paul mcstay showed incredible loyalty to celtic during a period in which rangers fc decided to embark upon a spending spree that has now PROVED to be totally beyond their means.

     

    history has been shaped[in rangers favour] in an illegal and distorted manner.

     

    rangers current plight [no matter what the big tax case outcome will be] has been accumilating and hidden for almost 20 years by murray.

     

    they have cheated all their scottish rivals and robbed players like ‘mcstay’ of ever playing champions league football because they basically spent money that nobody else [including celtic] could hope to match.

     

    this disgrace will prove to go back way further than people think.

     

    i do believe that all their titles in the last 20 years should be stripped out of sporting integrity.

     

    i hope paul mcstay amongst many others is having a moment of solace tonight.

  2. This advert was recently uncovered on a wall in ancient Rome near the Colosseum. See “the People” getting humped regularly by the Lions from Lisbon. Best seats in the house – Ticketus Toutus.

  3. sent last post before I had finished.

     

     

    We now know they owe, hearts, Dundee Utd and ICT.

     

     

    Newco straight back in? I dont think so…

     

     

    HH

  4. !!Bada Bing!! Kano 1000 on

    voguepunter says:

     

    14 February, 2012 at 19:51

     

    Kittoch says:

     

    14 February, 2012 at 19:50

     

     

    you at it?

     

    Kittoch-You’ve just gotta love him!! :}

  5. praecepta

     

     

    There will be a few ‘repeats’ tonight mate. Lets just share in the laughter and sorry for stealing your thunder :-))

     

     

    Pablo

  6. Jeg er Neil Lennon-Greeninbingley at 19:52

     

     

    Not illegal to trade while insolvent if its done with the intention to get the business back in good financial standing. What it is illegal to do is to trade while knowing or ought to have known that there was no hope of avoiding liquidation.

     

     

    In this case the director(s) can be held personally liable.

     

     

    Imagine he gets his £18m back and HMRC pursue for fraudulent trading, this will go straight back to other creditors

     

     

    Mort

  7. HECTOR – Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. says:

     

    14 February, 2012 at 20:24

     

     

    With Hector on board we’ll be on our way to another European Final!!

  8. Well folks, the day we had all predicted has come to pass.

     

     

    And in true Chicago style, it’s a St Valentine’s Day Massacre.

     

     

    Paul67 deserves immense kudos as the founding father of a new kind of Celtic media. CQN was the first, and IMHO the best site for intelligent debate about football in general and our beloved Celtic.

     

     

    It bypassed the MSM, who stand tonight utterly utterly discredited. And it spawned successful specialist imitators like RTC.

     

     

    After today, Scottish football, the Scottish sports media, and maybe even Scotland itself will never be the same…

     

     

    (BTW, My first season as a regular, pay my own way season ticket holder was Hampden. Who knew, as we stood there watching a series of below-average Rod Stewart impersonators, that this day would come!)

  9. The daddy bear tax case, the baby bear tax case and, now, the mammy bear tax case.

     

     

    What a story.

  10. Two things went wrong with the cunning plan Whyte had when he took over. Firstly Sally got them put out of not one but two European competitions. That meant a big reduction in income to keep them going until the Big Tax Case could be decided.

     

     

    And secondly the Big Tax Case was adjourned meaning they had to try to survive for longer.

     

     

    It was never going to work.

  11. !!Bada Bing!! Kano 1000 says:

     

    14 February, 2012 at 20:31

     

     

    Aye ,got to luv im,he gets invites to the best

     

    soiree’s in ole EK

  12. bournesouprecipe on

    SSN……………..Gordon Smith has approached Neil Lennon as he needs a manager who can overturn a 14 point deficit.

  13. prestonpans bhoys on

    Trying to find a picture frame large enough to accommodate all 16 pages from today’s Daily Hun

  14. Shortbread saying statement from SFA/SPL says:

     

     

    Cousin transfer to be discussed (ratified?) by Administrator.

  15. ASonOfDan says:

     

     

    14 February, 2012 at 20:30

     

     

    sent last post before I had finished.

     

     

    We now know they owe, hearts, Dundee Utd and ICT.

     

     

    Newco straight back in? I dont think so…

     

    =================

     

     

    ASonOfDan, I believe they also owe Dunfermline money, being the tickets they sold for the away end at their recent game.

  16. The Trouble of Rangers

     

    Rangers are troubled

     

    United with grief

     

    To win trophy’s aplenty

     

    And now marked as a thief

     

     

    When the shit happened 

     

    They were not fore warned

     

    As the Laptop Loyal

     

    Stayed riven and shorn

     

     

    But what of the future

     

    Of the loyal true blues

     

    It’s goodnight Vienna 

     

    From the national news.

     

    Copyright Vmhan Fae Blackpool 

     

    ………

     

    Away to watch the last four episodes of Breaking Bad, life is good.

     

    V

  17. The Battered Bunnet on

    Well…

     

     

    …praecepta is obviously a faster reader than me. Phew. CQN is a marathon today.

     

     

    Paul, thank you for your diligence, your courage, and indeed your humour on this topic over the years.

     

     

    I have my wife to thank for pointing out…

     

     

    …Today’s the day the Teddy Bears have their pitch nicked.

  18. TIME FOR MCCANN TO BE BACK AND UNFURL THE FLAG

     

     

    THE WHOLE MAIN STAND UNFURL A BANNER WITH A PICTURE MCANN WITH A CIGAR:

     

     

    “A FIVER IS ALL IT TOOK DAVID”

     

     

    MAKE THE BANNER FOR IBROX.

  19. Paul 67

     

     

    Someone suggested last night that we should ask that Fergus McCann be invited to unfurl the league flag at the start of next season.

     

     

    Is there any way we can petition the Celtic board to allow this. I think we would all like to say a very big thank you to Fergus.

  20. Charles Patrick Tully on

    read rangers official site. story. stick with us. sally’s plead “I can still close my eyes and see our fans in that stadium down in Manchester and that will live with me until my dying day. .so manchester .close eyes he must have missed the riots

  21. The Battered Bunnet says:

     

    14 February, 2012 at 20:37

     

     

    Here’s me thinking,it was all your own work,

     

    charlatan.

  22. sixtaeseven says:

     

    14 February, 2012 at 20:33

     

    The daddy bear tax case, the baby bear tax case and, now, the mammy bear tax case.

     

     

    Who’s been reaping as Huns bled?

  23. RATM - A BAMPOT! on

    If u go down 2 ibrox 2 day u in 4 a big surprise, if u go down 2 ibrox 2day u never believe u eyes. Coz super Sally has got no cash and soon no place 2 sing the sash, 2days the day the teddy bears get their pitch nicked .

  24. I wanted to see how the SPL looks like and scotprem.com says:

     

     

    “We are currently experiencing an increase in traffic to http://www.scotprem.com and as a result the website is currently unavailable. Please see below our recent press statement related to Rangers FC in administration”

  25. bournesouprecipe on

    Praecepta

     

     

    BBC and players agent say he hasn’t been signed or registered, so ‘ratified” might the first rule they break?

     

     

    i.e. you can’t sign any players whilst in administration.

  26. mearns 2 milton on

    No Income Tax, No VAT, No Money Back, No RFC, Green and Whyte on the Ibrox Door, its Gonny be an ASDA Store.

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. ...
  11. 29