bennett Posted November 20, 2012 Share Posted November 20, 2012 Neil Patey, Ernst & Young said: "By a majority of two to one, the tribunal has decided that the EBTs were loans and not taxable as remuneration so there is no additional tax to pay. Rangers have won the case." A spokesperson for Sir David Murray, owner of the club through the period in question, said: “We are satisfied that the Tax Tribunal has now published its widely awaited decision and note the contents thereof. "We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself. "This has been an exceptionally long, difficult and expensive process involving not just the Tax Tribunal but also significant efforts to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties. We will therefore review the detailed content of the decision with our advisers and legal counsel to ascertain what action, if any, is now required by MIH. "While MIH has at all times respected the privacy of the Tax Tribunal proceedings, a substantial quantity of confidential information relating to the case has become available for public consumption stimulating considerable discussion and often ill-informed debate. This has been wholly inappropriate and outwith the fundamental principles of natural justice. "We therefore formally request that the relevant authorities investigate how these sensitive details have been released so widely. We have instructed our lawyers to retrospectively review online and printed publications relating to the case to identify whether legal redress is either appropriate or necessary." -1 Quote Link to comment Share on other sites More sharing options...
Highlandmagyar Posted November 20, 2012 Share Posted November 20, 2012 It looks as if Rangers were liquidated for nothing and put in the grubber for nothing. As Green runs out of money, they will have nothing. AGAIN!! Sent to 3rd Division for nothing.. FUCKIN HILARIOUS!!!!! :lol: :lol: 0 Quote Link to comment Share on other sites More sharing options...
Mason Boyne Posted November 20, 2012 Share Posted November 20, 2012 @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: Your hurting 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted November 20, 2012 Share Posted November 20, 2012 http://www.financean...851/TC02372.pdf Majority verdict: The EBT's were in fact loans! SPL, RTC, disgraced lawyer, IRA writer and all the rest of the WKR's - fuckin' roon ye! Aye, yer clubs still dead, there's a welter of evidence in there which shows that the extra payments were concealed, even by auditors, and the SPL tribunal is yet to deliver a decision. Must be great to be a (tribute)berr! That's just from a quick scan through the document. The money was never going to be repaid anyway, as I think we were all aware. What lies in wait now is the embarrassment of the SFA trying not to kick the cheating b*****ds out for fielding ineligible players for years. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 (edited) Neil Patey, Ernst & Young said: "By a majority of two to one, the tribunal has decided that the EBTs were loans and not taxable as remuneration so there is no additional tax to pay. Rangers have won the case." A spokesperson for Sir David Murray, owner of the club through the period in question, said: "We are satisfied that the Tax Tribunal has now published its widely awaited decision and note the contents thereof. "We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself. "This has been an exceptionally long, difficult and expensive process involving not just the Tax Tribunal but also significant efforts to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties. We will therefore review the detailed content of the decision with our advisers and legal counsel to ascertain what action, if any, is now required by MIH. "While MIH has at all times respected the privacy of the Tax Tribunal proceedings, a substantial quantity of confidential information relating to the case has become available for public consumption stimulating considerable discussion and often ill-informed debate. This has been wholly inappropriate and outwith the fundamental principles of natural justice. "We therefore formally request that the relevant authorities investigate how these sensitive details have been released so widely. We have instructed our lawyers to retrospectively review online and printed publications relating to the case to identify whether legal redress is either appropriate or necessary." Still you are a NEW CLUB! :lol: @bbcsportsoundRangers tax case verdict: it could mean players and staff will have to repay the money they earned to the club's liquidators. Edited November 20, 2012 by Bairnforever1992 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted November 20, 2012 Share Posted November 20, 2012 (edited) 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. You can't still blame Rangers for that they have been cleared through the proper channels. The players have agents for a reason. If there were side letters, as would seem, then I'd say that they still cheated in a footballing sense in that they did not declare these payments to players but I'm not qualified to make that decision. They're still deid though unless Bill Miller's incubator plan can be realised and Sevco are merged with RFC 2012 PLC. Edited November 20, 2012 by stonedsailor 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 20, 2012 Share Posted November 20, 2012 Yes, the only guilty party is Craig Fucking Whyte Still today could be a great day And that b*****d Murray, he was warned not to sell to whyte. May every last one of them rot in hell. -1 Quote Link to comment Share on other sites More sharing options...
youngsy Posted November 20, 2012 Share Posted November 20, 2012 So Scottish Cup 2009 Final is ours? You are absolutely spewing,you're fucking gutted after all the crap you posted day after day. So here is a GET IT RIGHT FUCKING UP YOU,TOSSPOT. -1 Quote Link to comment Share on other sites More sharing options...
Mason Boyne Posted November 20, 2012 Share Posted November 20, 2012 You are absolutely spewing,you're fucking gutted after all the crap you posted day after day. So here is a GET IT RIGHT FUCKING UP YOU,TOSSPOT. Comedy gold on here tonight , they are spewing 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie 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 Still guilty of the nonpayment of PAYE, NIC and VAT during Whyte's time. The SPL's case is not whether the EBT payments were legal, it's whether they were declared. Enjoy your moment. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 You are absolutely spewing,you're fucking gutted after all the crap you posted day after day. So here is a GET IT RIGHT FUCKING UP YOU,TOSSPOT. Still you are a new club, old Rangers liquidated last month! 0 Quote Link to comment Share on other sites More sharing options...
The Master Posted November 20, 2012 Share Posted November 20, 2012 They were loans Which is immaterial. The side-letters were a contractual agreement for payment. These were not lodged with the SFA, ergo you had dual contracts. 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted November 20, 2012 Share Posted November 20, 2012 They were loans Never mind HT, no free titles but you still have a few years left to try and catch up You really don't understand this at all do you? 0 Quote Link to comment Share on other sites More sharing options...
Mason Boyne Posted November 20, 2012 Share Posted November 20, 2012 Still guilty of the nonpayment of PAYE, NIC and VAT during Whyte's time. The SPL's case is not whether the EBT payments were legal, it's whether they were declared. Enjoy your moment. Another hurting 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 Billy Dodds will have to pay back his £130k back to the liquidators! 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted November 20, 2012 Share Posted November 20, 2012 Another hurting Why though? Rangers are guilty of giving players dual contracts. Namely cheating 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 Incredible, every anti Rangers fan on here said we were guilty of Tax evasion and the result of the big tax case was a formality and a damming guilty verdict Where are the apologies? GIRUY!!! Still you are a new club thats what makes it more funny! 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie 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. As far as I can make out from a quick shufti (and I'm sure this will be bedtime reading for a lot of us), the verdict basically means that tax was due, but that the liability rests with the recipients of the EBT payments. This would make sense for HMRC, because they've got more chance of obtaining (some) repayment of the tax from the various beneficiaries than they have from the dead club. Just a shame the creditors didn't have a fall-back plan.... 0 Quote Link to comment Share on other sites More sharing options...
youngsy Posted November 20, 2012 Share Posted November 20, 2012 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. You're trying too hard,the plc won the case and after all the crap we've taken this result is very pleasing and welcome and as to your last sentence,no they are not morally responsible. -1 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted November 20, 2012 Share Posted November 20, 2012 You're trying too hard,the plc won the case and after all the crap we've taken this result is very pleasing and welcome and as to your last sentence,no they are not morally responsible. Title stripping round 1 then the ex EBT players have to pay back the liquidators. 0 Quote Link to comment Share on other sites More sharing options...
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