the gunslinger 3,366 Posted June 12, 2012 Author Share Posted June 12, 2012 You're living in cloud kookoo land if you believe the CVA proposal put forward by tbk's would be accepted. This was always ending up this way. people said that when I said d&p wanted us liquidated. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Author Share Posted June 12, 2012 Hmrc have said they'd have blocked any cva no matter who put it up. Am I wrong in suggesting that it looks like all those interested parties (TBK, King, Ng, Miller etc) may now come back in with the money they had mooted originally in order to buy a debt free newco from Green? And then we're left with a debt free Rangers who have a clean slate to rebuild, albeit maybe from division 3? It's almost as if someone had planned this from the very start.... whyte? green? grier? Muir? Ellis? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted June 12, 2012 Share Posted June 12, 2012 Hmrc have said they'd have blocked any cva no matter who put it up. Am I wrong in suggesting that it looks like all those interested parties (TBK, King, Ng, Miller etc) may now come back in with the money they had mooted originally in order to buy a debt free newco from Green? And then we're left with a debt free Rangers who have a clean slate to rebuild, albeit maybe from division 3? It's almost as if someone had planned this from the very start.... Have HMRC actually said such a thing?, the only reference to that that I've seen is from Duff & Phelps. 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted June 12, 2012 Share Posted June 12, 2012 HMRC will not agree a CVA with a company who have been shown to have taken the piss (not their words). It would allow every cowboy company in the UK to stop paying tax and then apply for a CVA once the wheels fall off. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Author Share Posted June 12, 2012 Have HMRC actually said such a thing?, the only reference to that that I've seen is from Duff & Phelps. the ever reliable d&p have said hmrc said it. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,064 Posted June 12, 2012 Share Posted June 12, 2012 Hmrc have said they'd have blocked any cva no matter who put it up. Am I wrong in suggesting that it looks like all those interested parties (TBK, King, Ng, Miller etc) may now come back in with the money they had mooted originally in order to buy a debt free newco from Green? And then we're left with a debt free Rangers who have a clean slate to rebuild, albeit maybe from division 3? It's almost as if someone had planned this from the very start.... That would be wonderful if true. seems too simple to be true now. Maybe ljust maybe liquidation is blessing in disguise? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Author Share Posted June 12, 2012 HMRC will not agree a CVA with a company who have been shown to have taken the piss (not their words). It would allow every cowboy company in the UK to stop paying tax and then apply for a CVA once the wheels fall off. especially not if the guy who takes the puss is making out of it. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted June 12, 2012 Share Posted June 12, 2012 Duff and Phelps said it and I think the tweets from hmrc have suggested the same unless I've misunderstood. Basically they're saying that this isn't a business who got in to trouble through their normal trading, there is clear evidence of previous directors withholding taxes. I'm guessing if they'd accepted the cva it sets a very dangerous precedent and not sure if it prejudices any personal cases they wanted to bring? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted June 12, 2012 Share Posted June 12, 2012 Duff and Phelps said it and I think the tweets from hmrc have suggested the same unless I've misunderstood. Basically they're saying that this isn't a business who got in to trouble through their normal trading, there is clear evidence of previous directors withholding taxes. I'm guessing if they'd accepted the cva it sets a very dangerous precedent and not sure if it prejudices any personal cases they wanted to bring? So HMRC haven't actually said they would have blocked any and all CVA proposals just this particular one involving Charles Green and the mystery men? 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted June 12, 2012 Share Posted June 12, 2012 HMRC have said they couldn't accept a CVA because it would hinder their investigation of past directors of Rangers ( wonder how many Blue Knights are on that list), so to come on here and tell us that TBK had any agreement with them for a CVA is just absolute PISH of the highest order. And Admin should pull you up for it, unfortunately they won't. 0 Quote Link to post Share on other sites More sharing options...
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