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Old 15-02-2012, 09:52   #32
Damien
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Re: The death of Scottish football?

According to The Times (Paywall) they also owe £9 million from unpaid PAYE. That's not even a loophole, that's just basic tax.

Quote:
Originally Posted by The Times
Rangers FC, one of the most famous names in British football and one half of Scotland’s “Old Firm”, has been forced into early administration because the club has gone several months without handing over PAYE deducted from players’ wages.

The unpaid income tax and VAT covers the period since May last year, when the club was taken over by Craig Whyte. It was said by the administrators to total about £9 million and was the key factor in the decision by Revenue & Customs (HMRC) to launch a court action yesterday that ended with the Glasgow club appointing the administrators Duff & Phelps....

....A source with knowledge of the financial dispute said that Rangers’ claim that its troubles were down to the long-term debt was a “smokescreen” and the taxman was also pursuing the club for unpaid income tax.


---------- Post added at 09:52 ---------- Previous post was at 09:45 ----------

Quote:
Originally Posted by buba3d View Post
i'll see if i can hunt the article down, pretty sure it was from the guardian, they either paid or didn't and yes rangers (murray) did continue to use the loophole, how'd you think rangers managed to pay martin bain 500+k a year for doing next to sweet f a and buying a crap load of sun tan lotion, all board of directors got the same treatment then you have the dick advocaat era and his unlimited cheque book
Found it: http://www.telegraph.co.uk/sport/foo...hts-deals.html

Quote:
Originally Posted by Telegraph
The mass settlement of up to six years back-tax relating to image rights payments saw as many as 15 Premier League clubs strike a deal with HMRC, including Chelsea, who paid out £6.4million to settle their disputed bill with the authorities.

Under new legislation, companies with disputed EBT issues had to settle them by Dec 31. Arsenal are one club that historically used EBTs to pay some players but they are understood to have resolved any issues with HMRC.
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