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BDO lose BTC appeal


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I know its nothing to do with this but in a paper this morning an embezzlement trial was told that the Glasgow city council were buying season books for people

 

For what club may I ask?

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For what club may I ask?

 

"former teacher has been fined after it was discovered that he bought football season tickets using money reserved for school kids.

 

Anthony Russell was principal teacher at the Glasgow Celtic Football Club Learning Centre when he committed the fraud.

 

The centre – a project between Glasgow City Council and the club – work with primary and secondary pupils.

 

Russell bought two season tickets using council funds for the 2012-13 season and four for the following season. They cost the council £1039."

 

http://www.dailyrecord.co.uk/news/scottish-news/teacher-fined-buying-celtic-season-10738125

 

Not something that will remotely help us in our dire state, indicative though it be of so many things in Glasgow.

Edited by SteveC
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From BBC website

 

HMRC wins Rangers 'big tax case' ruling

The Supreme Court has ruled in favour of HM Revenue and Customs (HMRC) in its fight with Rangers over the club's use of Employee Benefit Trusts (EBTs).

More than £47m was paid to players, managers and directors between 2001 and 2010 in tax-free loans.

However, HMRC argued the payments were earnings and should be taxable.

The court's decision is not expected to have any material or financial impact on Rangers now as the club is owned by a different company.

Who were the EBT beneficiaries?

Rangers' use of EBTs and the subsequent appeals by HMRC became known as the "big tax case".

Two tribunals in 2012 and 2014 had previously found in Rangers' favour, but after an appeal in 2015, the Court of Session found in favour of HMRC.

This appeal was upheld in a decision issued by Lord Carloway, sitting with Lord Menzies and Lord Drummond Young at the Court of Session in Edinburgh.

Similar schemes

Liquidators BDO were then allowed to appeal to the Supreme Court as the ruling has implications for future cases.

The Supreme Court in London has now ruled in favour of HMRC.

This means it can issue "follower notices", which would demand payment from companies who ran similar schemes.

A number of football clubs in England fall into this category.

The decision is in relation to Murray Group companies, including the liquidated company RFC 2012, and does not affect the current owners at Ibrox.

Edited by BEARGER
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Murray should be suing his tax advisers and the bloke who sold him the scheme. But he was naive to think it would work. On second thoughts, not naive but arrogantly optimstic.

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