What now from HMRC after New £9m tax delinquency


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 >

About Author

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 29

  1. “The nearer I approached to your habitation, the more deeply did I feel the spirit of revenge enkindled in my heart”


    Mary Wollstonecraft Shelley

  2. Aunt Sally has just issued a rallying cry.



    Aye nae bother, here is my cry.




  3. Ally McCOIST has issued statement saying



    for every 5 bowls of jelly and ice cream the celtic fans eat i will eat 10 :-)

  4. Hehehe……from KDS


    “I think the institution that is Rangers has been unsurpassed in 132 years in terms of dignity” – Alex McLeish : May 05



    Dignity to Dignitas in 7 short years.

  5. So if CW was planning liquidation all along…………………………….



    1 pay no bills ever unless forced to


    2 keep the PAYE


    3 keep all the VAT


    4 borrow as much as you can from future season books (£24M)


    5 sell your best player for as much up front cash as you can, (£3.5M)


    6 spend nothing (Aluko)


    7- trouser the lot :-)


    8 Declare bust,


    9 £18M loan payoff returned as preferred creditor as pre-arranged with Administrator


    10 sail off into the sunset? Job done!



    Wish I had thought of that.





    Oh aye but right enough I was raised better than that.

  6. Paddy Gallagher on

    Will you all shut it!!!!


    Trying to watch Ally’s parting army on the ‘History Channel’.

  7. Congratulations on securing the first leg of the Treble, Lenny!



    Now, a wee word of caution. RC finance expert, Gordon Deeyell has assured the Hunz that in his opinion they will not go under.



    Totally gutted! Paul 67 has completely misled us!



    Sorry for conveying such bad news, guys.



    Sleep well.



    Billy Bhoy



    Who used to find SkySportsNews soooo repetitive!

  8. Dead and Loving it on

    just to clarify



    are the casinos and hotels not going ahead now?



    does that not mean that rangers will have a spare 700m in a account that was put aside for this?



    deary , deary , me



    doomed, doomed, i tell ye



    14 February, 2012 at 20:05







    ‘Wrongful Trading v Insolvent Trading – which is the unlawful act that you need to watch out for?




    Posted by Elliot Green on Sun, 10/01/2010 – 16:03 in Blogs




    The short answer is Wrongful Trading is the unlawful act as set out in Section 214 of the Insolvency Act 1986. Insolvent Trading or trading whilst insolvent would be part of the evidence of an act of Wrongful Trading, however it is not necessarily an unlawful act. It depends upon the facts of the case.



    So what is the difference between the two?



    There is no statutory recognition afforded to Insolvent Trading. Whilst undesirable in many instances it is not necessarily unlawful.



    Wrongful Trading is an action that can only be undertaken by a person occupying the position of Director of a limited company. That position of “Director” can be determined in a number of ways, being official (recognised at Companies House and in a company’s statutory register), de facto or shadow as set out in the Companies Act.



    Wrongful trading is the act by Directors of a period of trading in which debts and liabilities are incurred and typically increase, whilst having no reasonable prospect of a company avoiding insolvent liquidation. It is the action by Directors of accepting credit when it is highly unlikely that the same would be discharged due to the financial position of a company.



    Wrongful Trading only applies to company Directors, whereas Insolvent Trading can be undertaken by individuals such as sole traders.



    There are two tests for solvency defined in Section 123 of the Insolvency Act 1986, being 1) are your assets exceeded by your liabilities and 2) are you failing to discharge your debts as and when they fall due. If you satisfy either criteria then you are technically insolvent in accordance with the definition of the same in the legislation.



    What is the risk? Well if you are accused by a liquidator of a company of Wrongful Trading then as Director you could be personally liable for the damage the company suffered during a period of Wrongful Trading – so do not do it!!



    If in any doubt take professional advice at the earliest possible opportunity. Often such advice can be obtained without charge for an initial consultation with a Licensed Insolvency Practitioner.




  10. Evening folks



    Cant believe that before, during and after this whole charade involving the huns – ive been too busy to enjoy the whit and humour of the CQN community!



    Im starting to believe the whole Craig Whyte takeover was deliberately so murky it was impossible to know all the truths until after they had got away with things.



    The take over by Craig Whyte is under investigation.



    Who knows what they will uncover, maybe they will uncover proof he should never have been allowed to take over



    Their only hope for survival was to avoid paying their tax bill.



    Maybe the poor european showings resulting in less incomes HELPED them.



    Sell the club to a man who had the wealth and they would have had to pay the tax bill.



    The only way they could avoid doing that was to fall into administration.



    Sell the club to a man with seemingly so little wealth he had to offer future season ticket sales for sureity or whatever its called – meaning they had to fall in to administration is a little more than curious.



    I think things are panning out exactly as they had planned them to.

  11. Tell you what……….




    Icing on the cake………..



    Open brawling among the padded seat crew…….


    Doig McCrimmond, Yuill Macrummoch, Farquar Carruthers, Sammy Dalrymple etc etc etc…..


    Half-time at the weekend would be a good start……..Hope Gordon is involved.


    He’ll make things ‘gooder’……..and Sondy too.



    Him and the KitGhost.



    Box-Office telly.




  12. In Memoriam Rangers FC



    So Farewell




    Rangers FC



    Born in 1872 or was it 3


    Winners of 54 or was it 53





    You never




    Much good


    With figures



    Which May




    Played a Part


    In your Demise




    SFTB Thribb (aged 17 and a half)

  13. fergus slayed the blues on

    ArranmoreBhoyLXV11 says:


    14 February, 2012 at 20:24


    Does that mean the BILLy boys brought the ragers down .


    hail hail

  14. However, it is the inability of Whyte – who last night admitted the club had been running at a loss for some time – to fund the club’s business on a weekly basis which has brought them to this stage. In England, football debt takes priority over the taxman and other creditors but that situation does not apply north of the border, as clubs are discovering to their cost.



    Dundee United, due around £100,000 from Rangers following their 2-0 Scottish Cup victory at Ibrox 10 days ago, must now join the queue of creditors and hope for the best.

  15. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. on

    All Orange Walks cancelled for 2012. To be replaced by sponsored walks in aid of HMRC(HELP the MIGHT RANGERS CARRY-ON).




  16. Enrico Dandolo nicked my Crusade on

    True tale:-


    rangers fan: rangers will never go bust never!!!


    Celtic fan: Well, it doesn’t look good.


    rangers fan: No chance.


    [mobile phone] beep beep beep beeeeeeppppp


    Celtic fan: Just had a text saying you’re now in administration



    It’s all in the timing. :)




  17. The Narrowbhoat Tim on

    Can we have a R#ngers piñata if we are having a party when R#ngers die?



    Any suggestions what should fall out when we beat it with big sticks?

  18. The Spirit of Arthur Lee on




    Thanks for that



    I went 3 minutes without laughing in 2 days



    Please Sir can i have some more

  19. bournesouprecipe says:


    14 February, 2012 at 20:41



    They didn’t elaborate – other than to say they would be having talks with the Administrator before the end of the week.



    Maybe someone at HQ worried they get taken to task if it were to come out that the administration process overlapped?

  20. HECTOR - Moonbeams WD. Kano 1000 \o/ Supporting Neil Lennon 100%. on

    The Narrowbhoat Tim



    Chocolate Money



    Long time no post. Good to see you back.




  21. Rapid will get Nikica Jelavic Rangers top signed by him.


    It must be worth more than £1.2 million now.

  22. Anybody know when tickets for ibrox are released or have they been sold already? know a few folk who could source me some but could be too late if they have been issued, thanks in advance.

  23. Decades of a sectarian signing policy giving the majority working man an excuse to extrapolate this into the working environment. My Grandfather, your dad, my dad. Years, decades, in a fight that ended in a parity, perhaps a victory, in a courtroom in Edinburgh today.


    10s of millions of pounds owed to the taxman in lieu of a superiority complex that knew no end. The debts they owe will be sliced to pence in the pound meanwhile kids don’t get treatment on the NHS, working men are paid off, people struggle.


    Financial prudence to bring them back? it won’t work without them?


    Make them pay.

  24. bournesouprecipe on

    Apparently yesterday was anniversary of King Billy coming to the English throne (he introduced Income Tax)



    Happy St Huno’s day.

  25. fergus slayed the blues on

    All together now


    hello ,hello ,here’s another bill boys


    hello,hello ,you’ll know the ballifs by the noise


    Craigs up to his knees in final demands .


    were doing the broonie as you die


    Cos we are Lenny’s treble winning bhoys .


    hail hail

  1. Pages:
  2. 1
  3. 2
  4. 3
  5. 4
  6. 5
  7. 6
  8. 7
  9. 8
  10. 9
  11. ...
  12. 29