Rangers tax case twist

[Squirrel 1875]

The Times set to publish a “significant” story featuring Rangers and HMRC at midnight.

[Barney McGrew]

:hyper

[speedy_gonzales]

*Daffy Duck GIF*

[bingo70]

The Times set to publish a “significant” story featuring Rangers and HMRC at midnight.

Is it rangers or the rangers though?

[H18 SFR]

What's the latest?

[Smartie]

What's the latest?

HMRC got it wrong all along and The Sevco (or whatever they are now called) are due a rebate of about £100m and an apology.

[The 90+2]

Nothing like this ever leads to anything significant for that rotten bunch of fannies. It will be David Murray in ***** or something like that. If it was sensational it would be also covered by the sun.

[1875Sean]

Word is David Murray is suing HMRC, the irony

[SteveHFC]

Gifs at the ready.

[Joe6-2]

Gifs at the ready.

Can only hope!

[Sir David Gray]

Gifs at the ready.

If they're in danger of liquidation again, you better get Daffy prepared.

[Bostonhibby]

Boris is going to give them a tax rebate equivalent to all the money they cheated their majesty out of?

They've got lying to and cheating the monarch in common.

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[Barney McGrew]

The story says they were probably due about £50m less in tax due to an HMRC error and the true payment would only be around the £20m mark.

[Ozyhibby]

The story says they were probably due about £50m less in tax due to an HMRC error and the true payment would only be around the £20m mark.

Only because HMRC have decided it’s no longer worthwhile chasing them for the penalties. If the were still alive then HMRC would be after the full amount.


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[RIP Bestie]

It is reported that the head of the department dealing with it, John Paul O'Donnell had inadvertantly added a couple of zeros to the bottom line figure and although this was checked by his supervisors, Fergus O'Flaherty and Sean South, the mistake went unnoticed.... until now.

[Haymaker]

The story says they were probably due about £50m less in tax due to an HMRC error and the true payment would only be around the £20m mark.

Well that's ****. Got all :hyper for nowt

[Vault Boy]

Well that's ****. Got all :hyper for nowt

It does make the last seven years even more hilarious when you consider it may have been unnecessary

[SteveHFC]

http://forum.rangersmedia.co.uk/topic/325194-david-murray-suing-hmrc/

Some of the posts on that thread are funny.

https://media1.giphy.com/media/QwEGR6y93fieY/source.gif

[Haymaker]

It does make the last seven years even more hilarious when you consider it may have been unnecessary

That is true...

[Hibernia&Alba]

Please tell me these ****s aren't being given a penny.

I was hoping this thread was about to announce another liquidation.

[Haymaker]

Please tell me these ****s aren't being given a penny.

I was hoping this thread was about to announce another liquidation.

That was my hope.

[Danderhall Hibs]

Please tell me these ****s aren't being given a penny.

I was hoping this thread was about to announce another liquidation.

They liquidated the company that was due the money so there’s nowhere to rebate (I assume)?

[grunt]

As far as I'm concerned, this is the definitive summary of what has happened.

https://rangerstaxcase.wordpress.com/2019/11/14/just-when-i-thought-i-was-out-they-pull-me-back-in/ (https://rangerstaxcase.wordpress.com/2019/11/14/just-when-i-thought-i-was-out-they-pull-me-back-in/)

[MKHIBEE]

They liquidated the company that was due the money so there’s nowhere to rebate (I assume)?
Surely any money would go to creditors?

[overdrive]

They liquidated the company that was due the money so there’s nowhere to rebate (I assume)?

I don’t think the company has been wound up yet. I think it is still in liquidation.

[Danderhall Hibs]

Surely any money would go to creditors?

No idea - I’d like to think so.


I don’t think the company has been wound up yet. I think it is still in liquidation.

I didn’t know that - thought it was closed.

[Ozyhibby]

This was announced in June by HMRC which begs the question, why bring out the story just now?


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[calumhibee1]

Surely any money would go to creditors?

That is what will happen :agree:

Good thing all round to be honest. Rangers got pumped to the tune of a lot more than they should have, folded and then found out it should have been a lot less. Then the creditors got more money :greengrin

[Smartie]

That is what will happen :agree:

Might give dodgy Dave a few pennies of his own to “invest” though.

[Ozyhibby]

Might give dodgy Dave a few pennies of his own to “invest” though.

I doubt creditors will get much at all by the time BDO have finished. £20m in fees so far.


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[eezyrider]

Only £2 million of the amount is an error. The rest is money they HMRC have decided not to pursue (Late payment penalties, additional interest etc) so I doubt this money has been collected yet so the liquidated Rangers won't actually get any actual money back.

EZ

[Moulin Yarns]

I love the idea of the original incarnation being reincarnated and a big argument ensuing about who owns Ibrox etc.

I know it's a fantasy but just imagine the carnage. 😁

[Ozyhibby]

https://rangerstaxcase.wordpress.com/2019/11/14/just-when-i-thought-i-was-out-they-pull-me-back-in/amp/?__twitter_impression=true


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[Keith_M]

It is reported that the head of the department dealing with it, John Paul O'Donnell had inadvertantly added a couple of zeros to the bottom line figure and although this was checked by his supervisors, Fergus O'Flaherty and Sean South, the mistake went unnoticed.... until now.


Sounds plausible

☺

[Bostonhibby]

Will it still be okay to call them Sevco and / or the now defunct Glasgow rangers?

That's all I'm worried about.

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[Cataplana]

I don't think it's a rebate, just a reduction in what they owe.

[CB_NO3]

I don't think it's a rebate, just a reduction in what they owe.

Of which nothing has been paid yet.

[HoboHarry]

Will it still be okay to call them Sevco and / or the now defunct Glasgow rangers?

That's all I'm worried about.

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I'll still be calling them Sevco. When I'm not calling them a bunch of w*****s that is.......

[HoboHarry]

I don't think it's a rebate, just a reduction in what they owe.
This explains it fairly well....

https://rangerstaxcase.wordpress.com/2019/11/14/just-when-i-thought-i-was-out-they-pull-me-back-in/

[Bostonhibby]

I'll still be calling them Sevco. When I'm not calling them a bunch of w*****s that is.......Seems fair enough, especially as it's one of their own chosen titles after they chose to liquidate themselves rather than pay ALL their creditors.

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[Speedway]

Highlight of that thread:

Posted 13 hours ago

We’ll never know what’s happened as no **** on here is intelligent enough to read the Times.

[Bostonhibby]

Highlight of that thread:

Posted 13 hours ago

We’ll never know what’s happened as no **** on here is intelligent enough to read the Times.[emoji23]

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[Deansy]

Does it change the fact that they purposely cheated - NO !