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chilledbear

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  1. chilledbear
    http://news.stv.tv/west-central/239433-rangers-ebt-tax-case-hmrc-appeal-to-be-heard-in-public-judge-rules/ HM Revenue and Customs’ appeal against the Rangers tax case will be heard in public, it has been announced. The tax authority is appealing the First Tier Tax Tribunal that ruled in favour of the Murray Group Holdings and its subsidiary, Rangers oldco. In the tribunal decision released last November, a majority of two to one on the panel found that payments made through offshore employee benefit trusts (EBTs) to players and staff at Rangers should be classified as loans and did not attract PAYE and national insurance. There were five cases where the payments made to employees should be classified as wages and were taxable, the panel found. HMRC launched an appeal against the ‘big’ tax case in the Upper Tribunal last year and it is set to be heard on several days between January and March 2014. Colin Bishopp is the Upper Tribunal judge overseeing it and his directions issued at an earlier preliminary hearing in the case were released on Friday. In it, he confirmed that all further hearings in the case will be made in public, after the previous case was held in private. Judge Bishopp said: "It was common ground before me that the presumption is that tax appeals are heard in public, and with no concealment of identity or detail. I accept that, in the past, there was good reason to fear that the personal safety of certain individuals was threatened; but the information now before me indicates that the threats have abated and have probably disappeared. "Even if the identities of some individuals were concealed in the First-tier Tribunal’s decision, the nature of the issues was not." He stated that the original decision to withhold the identities of those giving evidence in the case came about because of the "strong feelings" football can generate. Judge Bishopp explained: "It is undisputed that various threats of a serious nature have been made, and that the Strathclyde Police have been compelled to offer advice and protection to several individuals involved in RFC’s affairs. Some of the threats have come from disappointed Rangers supporters; others from supporters of rival teams who have formed the opinion that RFC’s use of the EBT gave it an unfair financial advantage. "Largely because of those threats the hearing before the First-tier Tribunal was held in private. Some of the witnesses who gave oral evidence were resident outside the jurisdiction of the United Kingdom courts and tribunals, and therefore could not be compelled to give evidence; they did so only on condition that their names were not revealed. The two HMRC officers who had dealt with the matter, too, were believed to be under threat and their identities were concealed. In consequence the decision was released in a heavily redacted and anonymised form." 'No special status' The judge also noted that many of those who gave evidence could be identified by piecing together their First Tier Tribunal evidence with the findings of the independent Scottish Premier League commission chaired by Lord Nimmo Smith that found Rangers breached the rules by failing to disclose EBT payments. After the case last year, former Rangers owner Sir David Murray stated that the decision left the oldco, which is now in liquidation, and his company facing a "minimal tax liability". Originally, HMRC had sought £36.6m from Rangers oldco for PAYE and national insurance for its use of EBTs from 2001 and 2010. It also alleged that four companies related to Sir David - Murray Group Holdings Ltd, Murray Group Management Ltd, the Premier Property Group Ltd and GM Mining Ltd – owed a further £10m in unpaid taxes on the EBT payments. The panel that heard the first case ruled that most of the trusts were "valid" and payments made to players and staff were loans that are "recoverable" by the trusts. Rangers oldco, now known as RFC 2012 plc, went into administration last February with debts of between £50m and £124m, depending on the amount allotted to the big tax case. Duff and Phelps were unable to agree a company voluntary agreement (CVA) among creditors and liquidators BDO were appointed last October. Rangers’ assets, including Ibrox stadium and the Murray Park training ground, were sold to a newco, formerly Sevco Scotland Ltd, which was backed by Charles Green’s consortium last June in a £5.5m deal. Judge Bishopp said he took into account the financial collapse of Rangers and subsequent fallout into allowing the hearings to be held in public. He stated: "Perhaps because of such feelings, professional football clubs are often regarded as having a special status. In some respects that may be the correct view; but it should nevertheless not be overlooked that a modern professional football club is not a 'club', in the sense of an unincorporated association of members who join together in pursuit of a common purpose, but a commercial enterprise whose function is to generate profits for its shareholders. "From that perspective it has no special status, and there is no reason why its tax affairs should not be as open to scrutiny as those of any other profit-making organisation. The players, too, have no greater right to conceal their tax affairs from public scrutiny than any other taxpayer. The fact that they are in the public eye is irrelevant. "Any application for privacy, anonymity or redaction of detail must therefore be supported by the same type and quality of evidence as would be required of another taxpayer, and will be granted only for the same reasons." Under his direction, the HMRC employees who dealt with the case will remain anonymous in the Upper Tribunal hearing, while other witnesses who were not compelled to give evidence during the original case will not have to give evidence.
  2. chilledbear
    Was there a meeting today with Murray and Supporters Group??
  3. chilledbear
    ...................................
  4. chilledbear
    They say bad news comes in threes, wonder what the third one will be?
  5. chilledbear
    Why would NOMAD be making these decisions if the present Board agreed to them?
  6. chilledbear
    Doesn't look good, fear for the future.
  7. chilledbear
    CONTRARY to a report in today’s Press, there have been no appointments to the Board of Rangers International Football Club plc. It was claimed former Rangers Director Paul Murray and Frank Blin had joined the Board but this is categorically not the case. So, for the sake of our supporters, the Club would like to make it absolutely clear no new directors have been appointed. However, so that everyone may be clear on the situation, a statement released yesterday confirmed the following: The Company can confirm that the Requisitioners have withdrawn the Requisition which put forward resolutions for the removal of Craig Mather, Brian Stockbridge and Bryan Smart as Directors of the Company and for the appointment Frank Blin and Paul Murray as Non-Executive Directors of the Company on the condition that the Company convenes its Annual General Meeting to be held no later than 31 October 2013. The Company confirms that all of the current Directors remain in office and that it is not appointing any additional Directors save that as previously announced, the Company confirms that it continues to actively seek to appoint a new Chairman. Further announcements will be made as appropriate.’ http://rangers.co.uk/news/headlines/item/5066-club-statement
  8. chilledbear
    Who is mate, not sure Walter or Ally knows the ins and outs. Just putting up what looks as if it might interest the Forum.
  9. chilledbear
    Ask Jack Irvine. Who can understand anything coming from those involved at Ibrox.
  10. chilledbear
    When setting the correct time, I keep getting this message although PANIC BUTTON is at OFF. A required field called Panic Button - URL Jump is missing or has an invalid value.
  11. chilledbear
    Is this happening?
  12. chilledbear
    RANGERS last night quashed a long-running revolt when they agreed to appoint two new directors. http://www.thescottishsun.co.uk/scotsol/homepage/news/5133999/Murray-Blin-join-board-in-coup-KO.html
  13. chilledbear
    Quote: Originally Posted by johnny v You told us they had the votes m8. Can you say why you think they withdrew the requisition if that was the case? ------------------------------------------------------------------------------------------------------- Because within the club without balance of power you can't for example vote for change or to stop anything . Stock rules also restrict what you can say about goings on in your own company . They are now free to go to town , and they will Also from FF
  14. chilledbear
    Mccoll will play his hand tomorrow , statement and other good news But for them to advise in statement coming Waltersboy on FF
  15. chilledbear
    Normal BBC, they don't do apologies.
  16. chilledbear
    Former Rangers defender Craig Paterson believes that trialist Marius Zaliukas could travel all the way to the top flight with the Light Blues. The ex-Hearts captain has been training at Murray Park with a view to Ally McCoist adding him to the Ibrox squad and Paterson expects that he is a player who can make an immediate impact. McCoist has completely overhauled the squad from last season with a clutch of players making a real difference to the pace and tempo at which they approach games While last term in the Third Division their efforts were laboured, this time around they - rightly - look like head and shoulders above those around them. And while there was criticism about the money that has been spent on players ' wages this summer, Paterson believes that McCoist is already building a squad that will be suitable to play in the top flight. "I saw quite a bit of Hearts last term and I thought that Zaliukas and Andy Webster had one of the best defensive partnerships in the league," he said. "At 29, he is at an age where he has bags of experience but still has a lot of years in the game ahead of him. "He is an international player who has excellent leadership qualities and I do think that Ranges look really short in the centre of defence. "It allows McCoist to play Lee McCulloch further up the pitch and it really gives him a few options if something can be sorted to bring him on board. "He is a free agent so he is not going to cost a penny to bring in, other than wages. And he is a player that I think could make an outstanding contribution. "He is a guy whom you could fully expect to still be about when Rangers get themselves into the Premiership. "He has all the attributes required to be a top Rangers centre-half and I fully expect that if the move goes through that he'll be a mainstay in that position for the foreseeable future." The difference between Rangers this season and last is marked and Paterson believes that much of that comes down to attitude as well as the quality that McCoist has added to his ranks. The likes of Nicky Law and Jon Daly made their mark quickly at the club, but it is the difference in mental approach to games that he has noticed most. "Last season we saw what happens when you go into games thinking, 'this is the Third Division and we aren't Third Division players'," said Paterson. "This season what I think we have seen from Rangers is a team who believe that they will soon be in the Premiership - but are prepared to prove their class. "They have taken games by the scruff of the neck, they have played with the kind of pace that they would have been accustomed to in the top flight and they have shown that they are better than what is around about them." The off-field turmoil continues to rage at the club with boardroom struggles dominating the agenda at the troubled club. Yet, it is the supporters and what they make the club on a Saturday afternoon that Paterson attributes as the reason why there are no shortage of players prepared to leave the Premiership to drop down into League One football. "The club is a monster," said Paterson. "I am sure that guys like Zaliukas will have had a fair few offers from elsewhere, but if you have played against Rangers then you know what they can offer you on a game day. "I am not saying that the off-field stuff doesn't have an impact. Between a Monday to a Friday I think it can create uncertainty and an ill-feeling. "However, good players are able to walk out onto a football park and get their minds on nothing more than a game off football. "To me, McCoist has been able to get the message through that this team will be back at the top within the next few years - but that they will have to work for it. " http://www.eveningtimes.co.uk/rangers/zaliukas-can-drive-blues-on-journey-back-to-top-135774n.22091376
  17. chilledbear
    I have just been on the Rangers Ticket Sale Site. I have entered my email and password. PASSWORD INCORRECT. So clicked FORGOTTEN PASSWORD and entered my email. THE DETAILS YOU HAVE ENTERED ARE NOT RECOGNISED. So clicked on REGISTER and entered the same details. YOUR CUSTOMER DETAILS ALREADY EXIST ON THR SYSTEM? Apart from phoning on Monday morning, anybody have any advice??
  18. chilledbear
    Someone else wanting barred.
  19. chilledbear
    A Board with Rangers as their first priority is the first thing.
  20. chilledbear
    Hope it's ok here.
  21. chilledbear
    Highlighting it again for point scoring doesn't do JG any favours.
  22. chilledbear
    THE ongoing power struggle at Rangers has taken another twist after potential new board members denied agreeing to a “vote of confidence” in the current incumbents as condition of entry to the Ibrox directors’ box. Rangers confirmed on Wednesday they would consider a request to add former chairman John McClelland and three other men to their board of directors. A group of disgruntled investors led by billionaire businessman Jim McColl also proposed appointing former director Paul Murray, Sandy Easdale – the brother of current non-executive director James – and accountancy expert Frank Blin as directors. McColl, chairman of Clyde Blowers, and his group had previously called for an extraordinary general meeting in a bid to have chief executive Craig Mather, finance director Brian Stockbridge and Bryan Smart removed from the board, but it appeared that they had signalled their intention to withdraw that request in the event that the quartet led by McClelland were admitted to the board. However, the group has now stated that the shareholders deserve the right to vote on the re- election of any director. In a statement issued to the Stock Exchange on Wednesday, the club said: “The board considers that any decision on any proposal for the withdrawal of the requisition would be subject to the provision by the requisitioners of a vote of confidence and continued support for the current directors and to all necessary regulatory approvals.” However, a subsequent statement on behalf of McColl’s group released yesterday reads: “On behalf of the requisitionists we have made it clear to the Rangers board that we are proposing the additions to the board now to enable it to operate more effectively as a balanced unit in the run-up to the AGM in October. “However we have also made it clear that, in accordance with the club’s articles of association, all directors, both existing and new, have to offer themselves up for re-election at a vote at the AGM. “We believe that this is fair and gives all shareholders the opportunity of voting for who they want on the board. “We agreed this position with the board on Tuesday and were therefore surprised to see the statement issued by the club on Wednesday night which seemed to suggest that any agreement was conditional on a ‘vote of confidence’ in the current board members now and on a continuing basis. “We wish to make it clear that this is contrary to our understanding of the agreement we had with the board. “Whilst we believe that the proposed changes will make the board more effective and balanced, it is for the shareholders to vote on the re-election of all directors at the AGM.” Meanwhile, former Hearts captain Marius Zaliukas has joined Rangers on trial. Zaliukas, 29, has been without a club since his contract at Tynecastle ended at the end of last season. The defender missed most of the second half of the campaign with a serious ankle injury sustained during a 3-1 defeat by Dundee United at Tannadice in February. However, he managed to make a farewell appearance as a late substitute in Hearts’ final Scottish Premier League game of the season against Aberdeen at Pittodrie. A move for Zaliukas casts some doubt on Rangers’ pursuit of Bosnian Boris Pandza, although the club stated on their website yesterday that discussions with the defender have been ongoing for several weeks. “No agreement has been struck there as yet,” said the Rangers website, “and Zaliukas is the player currently being assessed by the Ibrox boss.” http://www.scotsman.com/sport/football/latest/ibrox-board-row-continues-as-zaliukas-begins-trial-1-3079681#.Uilw13vqLkc.twitter
  23. chilledbear
    Mitchell out on loan to Annan.
  24. chilledbear
    You would think they would be canvassing for votes, both sides. Explaining their future plans etc. there are at least 12% with supporters.
  25. chilledbear
    The question is, will he lifting a wage for both positions?
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