Drumchapel-Bear
Well-Known Member
It has started already.
English has popped up already with ''the revised bill is 68m so I'm not sure an error from HMRC caused Rangers to go under''.
This is showing blatant disregard of the facts.
20+ million of this 68m figure related to the wee tax case (which Whyte agreed to pay on the Purchase Agreement with David Murray) and the deliberate non payment of PAYE, NI and resulting penalties and interest accrued from Whyte's deliberate act.
The remaining ''liability'' relates to a bill for 10 years of EBT's which Murray was (rightly) on the face of it contesting as it was wrong. The interest and penalties are looking like being written off as they were incorrectly applied to an inflated bill. The bill will be reduced to 20m, which over a 10 year span only amounts to roughly 2m per season. But we pjoor overspent on players we couldnay afford n at
Another 2 key points:
1) Murray actually offered a settlement of 10/12m which was rejected.
2) The Whyte portion of the liability simply doesn't happen without the phantom bill in the first place!
Be prepared to fight the misinformation that's coming out bears.
English has popped up already with ''the revised bill is 68m so I'm not sure an error from HMRC caused Rangers to go under''.
This is showing blatant disregard of the facts.
20+ million of this 68m figure related to the wee tax case (which Whyte agreed to pay on the Purchase Agreement with David Murray) and the deliberate non payment of PAYE, NI and resulting penalties and interest accrued from Whyte's deliberate act.
The remaining ''liability'' relates to a bill for 10 years of EBT's which Murray was (rightly) on the face of it contesting as it was wrong. The interest and penalties are looking like being written off as they were incorrectly applied to an inflated bill. The bill will be reduced to 20m, which over a 10 year span only amounts to roughly 2m per season. But we pjoor overspent on players we couldnay afford n at
Another 2 key points:
1) Murray actually offered a settlement of 10/12m which was rejected.
2) The Whyte portion of the liability simply doesn't happen without the phantom bill in the first place!
Be prepared to fight the misinformation that's coming out bears.