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Big Rangers Administration/Liquidation Thread - All chat here!


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Please correct me here.

Old Rangers have lost the Big Tax case and owe HMRC £42,000,000 now.

New Rangers don't need to pay anything as they are a new entity?

But how come SEVCO fans seem to think they are the same club? If they are they will have a £42 million Tax bill.

Ahhh the Westcoastian question

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I'm guessing they are just reading this:

"we will accordingly allow HMRC’s appeal"

wrongly.

And that is why they have been conned on every issue from the beginning of this saga.

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Conclusion
[92] For the foregoing reasons we will accordingly allow HMRC’s appeal on the first ground advanced by them. On that basis we will answer the fourth question in the appeal in the affirmative, and hold that the First-tier Tribunal erred in allowing the original appeal and that the Upper Tribunal erred in refusing the appeal before it. The other questions in the appeal do not therefore arise. The assessments to PAYE have been correctly made, for the reasons already discussed. On that basis we will recall the orders of the First-tier and Upper Tribunals and affirm the determinations appealed against, including that relating to PAYE, with the exception of the determinations and decisions concerning Sir David Murray in relation to the Bel Azur property transaction, which is conceded by HMRC. We will reserve the question of expenses in view of the history of the appeals.

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Please correct me here.

Old Rangers have lost the Big Tax case and owe HMRC £42,000,000 now.

New Rangers don't need to pay anything as they are a new entity?

But how come SEVCO fans seem to think they are the same club? If they are they will have a £42 million Tax bill.

Hold the front fucking page! Why has no one raised this before?

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So they need £2.5m to continue to the end of the season?

Surely billionaire, Rangers fan and chairman Dave King will pump that in without a moments hesitation?

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So what does this latest ruling actually mean? Will it make one iota of difference to Sevco as a club? The whole thing just baffles me now, it's been 3 and a half years of ongoing legal Mumbo-jumbo.

Edited by MattBairn
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So they need £2.5m to continue to the end of the season?

Surely billionaire, Rangers fan and chairman Dave King will pump that in without a moments hesitation?

Apparently (according to some posters on here) the old board put mechanism in place to stop King from putting money into the clumpany

:1eye

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where's Bennett with a sly quip....?

Finished my shift at 1.30pm, came on and found a shitload of PM's and I'm guessing around 50 pages on this thread alone. Gonnae take me a while to go through all of this Ken ken.

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