Generic Sevco / Rangers meltdown thread

***lapsedhibee*** · 28-05-2018 12:37 PM

Originally Posted by KerPlunk

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Apparently Derek Johnstone has been appointed as a Sevco fatbassador.

for the neologism.

**The Leith Dutch** · 28-05-2018 12:45 PM

Originally Posted by lapsedhibee

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for the neologism.

I'd love to see Sevco fans write down what they think "neologism" means :)

*edit correcting my dumbass spelling mistake

***southern hibby*** · 28-05-2018 01:38 PM

Originally Posted by The Leith Dutch

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I'd love to see Sevco fans right down what they think "neologism" means :)

I had to look it up in case any body asked me.

But in my defence I usually do look up new words that I come across.

GGTTH

**Ozyhibby** · 28-05-2018 02:17 PM

Originally Posted by CropleyWasGod

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Ohhhh it's not cut and dried.... nothing in this saga ever is

What I'm getting at is that RFC should have deducted tax and NI from the payments to the players. The fact that they didn't is their fault, and they have been assessed on that.

There is a basic principle.... or, at least, there used to be... that HMRC couldn't go after the employer and the employee for the same tax. It was always the employer that was held responsible. Even in cases (like this) where the tax wasn't actually paid because the employer had gone bust.

That all said, there is a new aggressive attitude from HMRC, which is targetting recipients of tax-avoidance schemes as well as the employers. I am sure that there will be many test-cases being lined up, both by HMRC and recipients' advisers, to test the legality of the HMRC action.

Get out in the sun....

Players should be fine anyway, they have a letter of comfort from the club.
Same club, right?

No mention of company there and these are football debts if it’s the players who have to pay. Sevco agreed to pay all football debts.

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***CropleyWasGod*** · 28-05-2018 02:34 PM

Originally Posted by Ozyhibby

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Players should be fine anyway, they have a letter of comfort from the club.
Same club, right?

No mention of company there and these are football debts if it’s the players who have to pay. Sevco agreed to pay all football debts.

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Except on the letter-heading

I take your point about the football debts.... although the Oldco liquidator won't. Cue a game of pass-the-parcel.

Thinking it through, if the assessments fail because of the indemnity letters, HMRC can't then go after Oldco... because they've already won that case, and can't win it "again".

**The Leith Dutch** · 28-05-2018 04:12 PM

Originally Posted by Blurry Face

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Right down where?

The ultimate ****ing irony of ripping them for piss poor vocabulary while ****ing up basic spelling :)

***hibee_nation*** · 28-05-2018 06:11 PM

Originally Posted by The Leith Dutch

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The ultimate ****ing irony of ripping them for piss poor vocabulary while ****ing up basic spelling :)

Not to worry I'm sure you'll get it write next time

**The Falcon** · 28-05-2018 07:02 PM

Originally Posted by CropleyWasGod

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Ohhhh it's not cut and dried.... nothing in this saga ever is

What I'm getting at is that RFC should have deducted tax and NI from the payments to the players. The fact that they didn't is their fault, and they have been assessed on that.

So is this Sevco or The Liquidator's remit? And is the old club still dead? Will this be given the same treatment as the allegations of sexual abuse were given, the same as everything else they dont like.

***CropleyWasGod*** · 28-05-2018 07:11 PM

Originally Posted by The Falcon

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So is this Sevco or The Liquidator's remit? And is the old club still dead? Will this be given the same treatment as the allegations of sexual abuse were given, the same as everything else they dont like.

1. It's the liquidator.

2. Oldco is still alive, albeit on life support.

3. It bheggars belief that you would ask such a thing.

**Ozyhibby** · 29-05-2018 03:26 PM

https://rangers.co.uk/news/headlines...investigation/

Don’t think we are far away from open warfare.

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***Oscar T Grouch*** · 29-05-2018 03:36 PM

Can Dave King be found to be not ‘fit and proper’ now? He passed the original test but can that be revisited? Shirley if he’s in contempt of court he’s not a fit and proper person.

**Smartie** · 29-05-2018 03:45 PM

Originally Posted by Ozyhibby

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https://rangers.co.uk/news/headlines...investigation/

Don’t think we are far away from open warfare.

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What is this all about?

**Ozyhibby** · 29-05-2018 03:45 PM

Originally Posted by vince1973

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Can Dave King be found to be not ‘fit and proper’ now? He passed the original test but can that be revisited? Shirley if he’s in contempt of court he’s not a fit and proper person.

This is all about the current notice of complaint. There is a good chance they will be banned from Europe and they are trying to get the Hun hoards onside now.

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**Ozyhibby** · 29-05-2018 03:46 PM

Originally Posted by Smartie

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What is this all about?

Spfl chairman also serves on a board of a company that dermot Desmond has shares in.

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***PatHead*** · 29-05-2018 03:50 PM

Originally Posted by Ozyhibby

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https://rangers.co.uk/news/headlines...investigation/

Don’t think we are far away from open warfare.

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Does this count as a statement for this season or next season's league table?

**JeMeSouviens** · 29-05-2018 03:52 PM

Originally Posted by PatHead

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Does this count as a statement for this season or next season's league table?

I think it's a Champions' League Qualifier.

***CropleyWasGod*** · 29-05-2018 03:53 PM

"Scottish football is an important national asset and must have levels of probity and governance that are beyond reproach and that are transparently so."

... said Dave.

***CropleyWasGod*** · 29-05-2018 03:54 PM

Originally Posted by JeMeSouviens

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I think it's a Champions' League Qualifier.

Have they got their licence?

***Oscar T Grouch*** · 29-05-2018 03:54 PM

Originally Posted by Ozyhibby

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This is all about the current notice of complaint. There is a good chance they will be banned from Europe and they are trying to get the Hun hoards onside now.

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Thanks 👍🏻

**Ozyhibby** · 29-05-2018 03:55 PM

https://stv.tv/sport/football/141649...spfl-chairman/

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**Velma Dinkley** · 29-05-2018 04:08 PM

The aren't actually The Rangers' statements. They're Dave King's rough notes for his upcoming stand up show at The Fringe.

**Ozyhibby** · 29-05-2018 04:57 PM

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***JimBHibees*** · 29-05-2018 05:05 PM

Originally Posted by Ozyhibby

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Alright so Rangers and King knew about it all along. Thats cool.

***Mr White*** · 29-05-2018 05:16 PM

I wonder if there's any regret about awarding King his FPP status amongst those who made the decision.

***Billy Whizz*** · 29-05-2018 05:17 PM

Originally Posted by Ozyhibby

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Where are you picking this note up from Ozy?

**ancient hibee** · 29-05-2018 05:19 PM

Originally Posted by CropleyWasGod

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"Scottish football is an important national asset and must have levels of probity and governance that are beyond reproach and that are transparently so."

... said Dave.

Bit early in the day for jokes.Deflection politics at its best.

**Ozyhibby** · 29-05-2018 05:51 PM

Originally Posted by Billy Whizz

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Where are you picking this note up from Ozy?

Spfl statement

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**Ozyhibby** · 29-05-2018 05:59 PM

Originally Posted by Billy Whizz

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Where are you picking this note up from Ozy?

https://www.scotsman.com/sport/footb...mpression=true

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***Keith_M*** · 29-05-2018 06:05 PM

Originally Posted by CropleyWasGod

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That piece is so full of holes. Assumptions and estimates abound.

The recipients have a good case for resisting the demands. There's a basic principle of not being taxed twice on the same income which their advisers should be relying on.

The EBT was a system where they pretended that part of their salary was a loan, thereby not taxable.That means they paid no tax at all on that part of their 'salary'.

So I can't see where you're getting the 'paying it twice' from..