The Master Posted November 20, 2012 Share Posted November 20, 2012 Party time Guilty of.......Sweet f**k all Hopefully this means we can all move on, surely the SPL`s case is now well and truly fucked No, because the SPL case is based around dual contracts. Whether the payments were loans or remuneration, they were still payments. Payments that weren't declared on the contracts lodged with the SFA, but instead in side-letters, which make an appearance in the decision... 35. It is not accepted that there had been no deliberate concealment of the side-letters, in view of how the first side-letter only came to light through the seizure of 5 Mr Berwick’s file nearly four years into the enquiry. It is not accepted that the nondisclosure of the side-letters arose from a ‘credible’ view that Mr Red considered the side-letters irrelevant to HMRC’s enquiry. As a former Inspector of Taxes, Mr Red knew, or should have known, that the side-letters were highly relevant to the enquiry. The side-letters showed a form of contractual arrangement, and they proved linkage 10 between the sums contributed into the sub-trusts at the appointed dates and their withdrawal as loans from the sub-trusts as contemporaneous transactions. The contractual aspect and the linkage between the amounts of contributions to the main Trust and the sums loaned had been repeatedly raised in the enquiry correspondence. A fair conclusion to be drawn from the circumstantial evidence on the one hand, and 15 Mr Red’s oral evidence on the other, is that the side-letters had been actively concealed. The reason for the concealment might have been, in Mr Red’s view, the side-letters could be incriminating evidence against the impression of the trust operation that he had been trying to give. 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted November 20, 2012 Share Posted November 20, 2012 They seem to have ruled that they were loans, but tax was due. Some sources on Twitter say Rangers have won, others say HMRC have won. I assume the outcome is that neither has "won", as such, but that the truth is somewhere in the middle. Like that money is due as tax, and that the EBT schemes were not a legal way of remunerating players, but that the tax isn't due by Rangers FC (extinct) and it is actually due by the players? HMRC have won in that tax is due. Rangers 2012 PLC have won in as much as the company were not liable for that tax. They just shifted the onus to their heroes without them knowing. Fcuking hilarious. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 20, 2012 Share Posted November 20, 2012 Still a lot of conflicting stories floating around cyberland. If we have indeed won/been cleared then it's a big f**k you to all those b*****ds who've accused us of cheating-not paying taxes for years. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted November 20, 2012 Share Posted November 20, 2012 After all this messing around a no score draw. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 And EBT scheme still deemed illegal, so let the title stripping commence! 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted November 20, 2012 Share Posted November 20, 2012 Still a lot of conflicting stories floating around cyberland. If we have indeed won/been cleared then it's a big f**k you to all those b*****ds who've accused us of cheating-not paying taxes for years. Side letters ya cheating c***s 0 Quote Link to comment Share on other sites More sharing options...
Bendarroch Posted November 20, 2012 Share Posted November 20, 2012 Still titles will be stripped. Should the SPL dare - we'll see about that in court now that the law lords have ruled the EBT's were not contracted payments, but in fact loans. 0 Quote Link to comment Share on other sites More sharing options...
The Master Posted November 20, 2012 Share Posted November 20, 2012 Still a lot of conflicting stories floating around cyberland. If we have indeed won/been cleared then it's a big f**k you to all those b*****ds who've accused us of cheating-not paying taxes for years. That kind of depends on your interpretation. While the company was not liable for the tax, its employees were. Did the company inform the employees of this? If not, they are still morally responsible for millions in tax not being paid, even if not legally. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted November 20, 2012 Share Posted November 20, 2012 Early reports suggest a score draw. Rangers being liquidated and a newco starting at the bottom for absolutely no reason at all would be pretty funny. 0 Quote Link to comment Share on other sites More sharing options...
The Master Posted November 20, 2012 Share Posted November 20, 2012 Should the SPL dare - we'll see about that in court now that the law lords have ruled the EBT's were not contracted payments, but in fact loans. No, they've said the payments to EBTs were not subject to PAYE. The decision clearly states that the side-letters confirming payment to the EBTs WERE contracts. 0 Quote Link to comment Share on other sites More sharing options...
Mason Boyne Posted November 20, 2012 Share Posted November 20, 2012 Get it right fucking round everyone of you x -1 Quote Link to comment Share on other sites More sharing options...
The Master Posted November 20, 2012 Share Posted November 20, 2012 Early reports suggest a score draw. Rangers being liquidated and a newco starting at the bottom for absolutely no reason at all would be pretty funny. ...while still having titles (claimed by the NewCo) being stripped from the OldCo. In some ways, the ideal result. Liquidated for no reason and a chunk of the claimed history being wiped. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 So Scottish Cup 2009 Final is ours? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 20, 2012 Share Posted November 20, 2012 Side letters ya cheating c***s We'll see. 0 Quote Link to comment Share on other sites More sharing options...
The Master Posted November 20, 2012 Share Posted November 20, 2012 We will celebrate it because it kinda blows the SPL`s case out of the water, why else have they kept delaying it It does nothing to show we were operating dual contracts, in fact it kinda shows we were not Yes it does. Read the decision - side-letters are a form of contractual agreement. 0 Quote Link to comment Share on other sites More sharing options...
TheBeither Posted November 20, 2012 Share Posted November 20, 2012 Loving the lurking bears creeping out of the wilderness in here. It's not over yet ya cheating f*cks 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted November 20, 2012 Share Posted November 20, 2012 We will celebrate it because it kinda blows the SPL`s case out of the water, why else have they kept delaying it It does nothing to show we were operating dual contracts, in fact it kinda shows we were not Rangers have always said these were simply loans, HMRC agree It also reduces the final liability down considerably Do you know what a side letter is, Ted? 0 Quote Link to comment Share on other sites More sharing options...
Mason Boyne Posted November 20, 2012 Share Posted November 20, 2012 Loving the lurking bears creeping out of the wilderness in here. It's not over yet ya cheating f*cks Lurking ? Some never left Dry your eyes 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 (edited) @bbcsportsoundIn separate case, Rangers were liquidated last month after Craig Whyte failed to pay £millions deducted from wages but never given to HMRC. Rangers liquidated last month! :lol: Edited November 20, 2012 by Bairnforever1992 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted November 20, 2012 Share Posted November 20, 2012 We'll see. I already have. It's there in black and white. 0 Quote Link to comment Share on other sites More sharing options...
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