HMRC sources briefing that Rangers bank accounts have been frozen this afternoon

[Darthter 542]

this article on RangersMedia.co.uk debunks the who thing...

 

http://home.rangersmedia.co.uk/index.php/component/content/article/41-finances/1268-rangers-bank-accounts-have-not-been-frozen-by-hmrc.html

[Zappa 0]

Frankie on twitter 27 mins ago -

 

top finance bod tells Herald never in 20 years has he known HMRC to freeze account of existing business. Financial paralysis of debtor etc

[craig 5,199]

I don't believe it for a minute Ian. For a kick off, I don't think HMRC themselves can freeze a bank account without asking/requestiing the bank to do it in unusual/uncommon circumstances in which case it's the bank freezing the account and not actually HMRC. Secondly, the club has had last seasons CL money come in recently as well as ticket money for the Chelsea game and two European games at Ibrox on top of the season ticket money. There's no way HMRC would get bank accounts frozen when they know the tax bill can be settled. You have to wonder who the HMRC sources are eh?

 

I agree with most of what you say Zappa but the bit in bold is, unfortunately, inaccurate. Proof that a bill CAN be settled is not proof that it WILL be settled. There are undoubtedly many, many instances whereby a corporation have the means to pay a bill to HMRC but refuse to do so. If that is the case then HMRC actually would freeze the account, after issuing the winding up order. They will protect money which they believe they are legally entitled to.

[Guest Dutchy]

The club are saying it's not true.

 

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-14757090

[ian1964 10,514]

HMRC step up pressure on Rangers over tax bill

 

Published Date: 02 September 2011

By ALAN PATTULLO

Rangers took delivery yesterday of further paperwork from HM Revenue and Customs as attempts to resolve the Ibrox club's �£2.8 million tax bill continued.

The tax liability was revealed during due diligence prior to the takeover of the club by new owner Craig Whyte earlier this year. Rangers are contesting a fine which is on top of the amount owed.

 

Yesterday's visit by representatives of HMRC spelled out the sanctions which could be levied on Rangers if the bill is not settled. Included in this list of measures is the freezing of the club's assets, although rumours that this had happened yesterday have been firmly denied by sources close to the club.

 

Rangers, who rejected a �£6.5 million bid for striker Nikica Jelavic from Leicester City on Tuesday, are furious at the way details of the on-going dispute have emerged in public. "The club are raging that they are being put in a position to explain tax business in public because of leaks from HMRC," said a club source.

 

http://sport.scotsman.com/sport/HMRC-step-up-pressure-on.6829494.jp

[der Berliner 3,363]

So the Grandmaster got tangoed and 33odd pages of FF-thread were about next to nothing. It is typical of the "edge-on-hysteria" attitude that is present at FF over these last few months though.

Edited September 2, 2011 by der Berliner

[alexscottislegend 2,122]

So the Grandmaster got tangoed and 33odd pages of FF-thread were about next to nothing. It is typical of the "edge-on-hysteria" attitude that is present at FF over these last few months though.

I got banned from FF for some spurious reason but not bothered because it's seen by some on here as a kind of badge of honour.

 

BTW der Berliner, please tell me what your Anglo-Saxon subscript means!

[der Berliner 3,363]

BTW der Berliner, please tell me what your Anglo-Saxon subscript means!

 

Originally out of Beowulf (I. 455) and literally means "Fate* always goes a she likes"

 

*Wyrd / Wurd is the Germanic personification of Fate. Wrote the German Wiki article (Wurd) myself.

[Guest Dutchy]

You just trying to dodge your tax liabilities Berliner?

[ian1964 10,514]

HMRC has instigated an arrestment order which has led to a seven-figure sum being ring-fenced in Rangers' account.

 

This relates to a �£2.8m bill facing the Ibrox club.

 

A Rangers source earlier told BBC Scotland that a six-figure sum had already been paid, but that the club disputed the total they were due HMRC.

 

The taxman has now moved to call in what he believes he is owed, and the ring-fenced sum will remain untouchable by Rangers until the matter is settled.

 

The club will still be able to use any funds other than this ring-fenced sum in their bank account to continue operating.

 

http://news.bbc.co.uk/sport1/hi/football/14771581.stm