Florentine_Pogen Posted June 16, 2012 Share Posted June 16, 2012 (edited) The Beeb reporting rather well on the shifting sands. Interesting that Traynor is nowhere to be seen. His coffin will open as soon as Sir Cardigan needs him to run some interference or plant a negative story about Chuck Green & Co. Edited June 16, 2012 by Florentine_Pogen 0 Quote Link to comment Share on other sites More sharing options...
Desert Nomad Posted June 16, 2012 Share Posted June 16, 2012 do you think chelsea will pay that money back? do you think the millions that top players recieve for image rights in the form of loans will be paid back. loans don't have to be paid back. Fucking hell. That's the woefully pish argument your average Rangers* fan comes up with down my local. 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted June 16, 2012 Share Posted June 16, 2012 Change your name to Sting777 (2012) and bingo loan gone :lol: -1 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted June 16, 2012 Share Posted June 16, 2012 (edited) do you think chelsea will pay that money back? do you think the millions that top players recieve for image rights in the form of loans will be paid back. loans don't have to be paid back. Fairly certain that explanation won't wash with the Revenue in this instance. Edited June 16, 2012 by Fife Saint 0 Quote Link to comment Share on other sites More sharing options...
Caff Posted June 16, 2012 Share Posted June 16, 2012 (edited) From here.... My link Loans from an EBT – Income Tax A common proposal is for funds placed in sub trusts of an EBT to be loaned out to the sub trust beneficiary. Such loans will be treated as provided by reason of employment and will be subject to income tax on the notional interest foregone, to the extent that interest is charged on the loan at a lower rate than HMRC's official rate of interest. While long term loan arrangements are presented as a method of "postponing" tax payable on sums received while enjoying the benefit of the sums lent, HMRC will look closely at any loan arrangement to see whether the circumstances of the loan are such that there was no intention on the parties that the loan should ever be repaid. If HMRC consider that the parties intended that the loan should not be repaid, they will treat the loan as a distribution subject to income tax and NIC in the year in which it is made. You may be technically right with your weasle words but HMRC don't see it that way. Edited June 16, 2012 by Caff 0 Quote Link to comment Share on other sites More sharing options...
Broccoli Dog Posted June 16, 2012 Share Posted June 16, 2012 i'm not a motherwell fan. Own it and embrace it. 0 Quote Link to comment Share on other sites More sharing options...
T_S_A_R Posted June 16, 2012 Share Posted June 16, 2012 This is the reason HMRC challenged the use of EBT loans. Because dimwits like you cannot tell the difference between a loan and a gift. A loan, by definition, must be repaid. No two ways about it, must be repaid. but when must it be repaid? 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 16, 2012 Share Posted June 16, 2012 DAFC chairman saying we don't need Sky. 0 Quote Link to comment Share on other sites More sharing options...
EdTheDuck Posted June 16, 2012 Share Posted June 16, 2012 Reconstruction is the last thing we need just now. Wait until the newco(rpse) is finally buried. No easy access for them. You have just nailed their new name; Newcorpse Fuckin excellent 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted June 16, 2012 Share Posted June 16, 2012 This is the reason HMRC challenged the use of EBT loans. Because dimwits like you cannot tell the difference between a loan and a gift. A loan, by definition, must be repaid. No two ways about it, must be repaid. The side letters presumably make it clear that they were contractual payments rather than a loan, anyway. 0 Quote Link to comment Share on other sites More sharing options...
LordHawHaw Posted June 16, 2012 Share Posted June 16, 2012 From here.... My link Loans from an EBT – Income Tax A common proposal is for funds placed in sub trusts of an EBT to be loaned out to the sub trust beneficiary. Such loans will be treated as provided by reason of employment and will be subject to income tax on the notional interest foregone, to the extent that interest is charged on the loan at a lower rate than HMRC's official rate of interest. While long term loan arrangements are presented as a method of "postponing" tax payable on sums received while enjoying the benefit of the sums lent, HMRC will look closely at any loan arrangement to see whether the circumstances of the loan are such that there was no intention on the parties that the loan should ever be repaid. If HMRC consider that the parties intended that the loan should not be repaid, they will treat the loan as a distribution subject to income tax and NIC in the year in which it is made. You may be technically right with your weasle words but HMRC don't see it that way. The issue with Zombie newco is that these were not loans but contractual wages..that's been proven as far as I'm concerned 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 16, 2012 Share Posted June 16, 2012 Rob MacLean really needs to GTF. 0 Quote Link to comment Share on other sites More sharing options...
Desert Nomad Posted June 16, 2012 Share Posted June 16, 2012 but when must it be repaid? Presumably within the timescale set out within the agreement. No timescale & surely it's no loan? 0 Quote Link to comment Share on other sites More sharing options...
Sam Leitch Loyal Posted June 16, 2012 Share Posted June 16, 2012 loans don't have to be paid back. Can I borrow fifty quid? 0 Quote Link to comment Share on other sites More sharing options...
GunnerBairn Posted June 16, 2012 Share Posted June 16, 2012 DAFC chairman saying we don't need Sky. Yorkston has been the most consistently 'sane' Chairman throughout this and he's been relegated. 0 Quote Link to comment Share on other sites More sharing options...
T_S_A_R Posted June 16, 2012 Share Posted June 16, 2012 Own it and embrace it. i can guarantee that over the past three seasons i've seen motherwell play more times than other poster on here has seen their own team play (we've played more games). the idea that unless you fall in line with the defined unberdiddy opinion then you are a rangers fan or sympathiser sums up the level of thought on display here. 0 Quote Link to comment Share on other sites More sharing options...
Desert Nomad Posted June 16, 2012 Share Posted June 16, 2012 i can guarantee that over the past three seasons i've seen motherwell play more times than other poster on here has seen their own team play (we've played more games). the idea that unless you fall in line with the defined unberdiddy opinion then you are a rangers fan or sympathiser sums up the level of thought on display here. I'm not sure you're a Rangers fan, just a bit of a wind-up merchant to be honest. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 16, 2012 Share Posted June 16, 2012 (edited) Beeb rubbishing the idea that Sky will leg it anyway. Yorkston saying no time for league restructuring before next season. Back onto SuperAlly. Who cares? Edited June 16, 2012 by Araminta Moonbeam QC 0 Quote Link to comment Share on other sites More sharing options...
Caff Posted June 16, 2012 Share Posted June 16, 2012 i can guarantee that over the past three seasons i've seen motherwell play more times than other poster on here has seen their own team play (we've played more games). the idea that unless you fall in line with the defined unberdiddy opinion then you are a rangers fan or sympathiser sums up the level of thought on display here. But but but, you're doing the exact same thing - we don't agree with you therefore we're uberdidies and we can't think Jog on weasel 0 Quote Link to comment Share on other sites More sharing options...
Forever Diamond Posted June 16, 2012 Share Posted June 16, 2012 but when must it be repaid? Well if it isn't paid back,and they don't follow up on getting their money back,then something tells me it isn't a loan.It is either a payment,or a gift. Even i can work that out,and i'm a thick cxxt from Airdrie 0 Quote Link to comment Share on other sites More sharing options...
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