BDO’s application to appeal against Her Majesty’s Revenue and Customs victory in the Big Tax Case will heard on February 24 at the Supreme Court.
In November, at a second appeal, Lord Carloway, Lord Menzies and Lord Drummond Young all found in favour of HMRC that tax worth £47m should have been deducted from the earnings of players, managers, directors and other club officials in the form of Employee Benefit Trust’s (EBT).
Dave Murray awarded himself £6m from the scheme with the other beneficiaries including Alex McLeish, Barry Ferguson, Neil McCann, Billy Dodds, Alex Rae, Steven Thompson, Campbell Ogilvie, Dick Advocaat and Andrew Dickson.
HMRC argued that the side letters were in fact contracts and liable to Income Tax and National Insurance while the disgraced football club claimed that discretionary payments were made in the form of loans.
With the shadow of the Big Tax Case and the need to stop Celtic winning the title Rangers were put into administration in February 2012, in June of that year Her Majesty turned down the offer of a CVA forcing the 140 year old institution into liquidation.
BDO must now present evidence to the Supreme Court showing that the ruling by three of Scotland’s most respected Lord’s was flawed. If they can’t present the Supreme Court with sufficient evidence the Big Tax Case will finally draw to a halt leaving the Scottish football authorities to finally confront financial doping on an industrial scale that robbed all member clubs over a period from 1999 through to 2011.
Summing up his interpretation of the case Lord Drummond Young said: “The law is clear: the payments made in respect of footballers were in our view derived from their employment and thus the payments were emoluments or earnings.”
The Big Tax Case doesn’t have any impact on the current tribute act operating out of Ibrox and involved in a number of costly legal battles. Tomorrow Charles Green will be at the Court of Session in Edinburgh appealing to get his legal costs covered by Sevco for the Ibrox Fraud Case in which he and others are accused of fraudelently obtaining Ibrox Stadium and the state-of-the-art Murray Park Training Complex.
In Glasgow wifi pioneers 802 Works Ltd are looking for £300,0000 to be ring fenced after the club refused to pay up for services.
Other unrelated trials include Mike Ashley v Dave King over breaching a gagging order, Mike Ashley v Sevco board over attempting to block him from voting at the AGM and Sports Direct v the SFA over the decision to grant the South African based criminal Dave King ‘Fit and Proper’ status to be a director of a Scottish football club.
Looks like Mad Mike has his hands full with all these fights coming up.Who needs the Comedy Channel when you can read about this lot. Cheers Joe
It is interesting to note that on jj’s site he continually suggests that even if the BDO appeal fails, the SFA ( never has an organisation been so well named!) will do nothing about the EBT scandal as no club wishes to pursue it. He sites the Aberdeen chairman’s statement recently about wanting to “move on” I happen to think that various clubs have simply been keeping their powder dry until the courts are finished with it and when this appeal fails all hell will surely be let loose. I would be astonished if this wasn’t the case.
If and when this mob are convicted by frauduantly obtaining that club then it has been frauduently regestered at S.F.A. and there -fore still frauduantly trading when they should be dead and buried. All tax that is due must be paid by those who were and did get the cash in thier pockets. Some of them even had the cheek too serve on the S.F.A. . Now thats what you call barefaced cheek only serco employees could get away with by knowing the correct hand shake? Put the whole lot of them down in the gutter from wher they came.
When they lose the case they’ll say, it doesn’t affect us as we’re newco, that was oldco. How can they say their still the same club. THE TITLES THEY WON WILL BE STRIPPED OFF THEM, FOR CHEATING.
Every individual that was on an EBT will have to pay back what their due, to her majesty. Should be another great laugh.
HH
Gosh this is getting exciting.
Goodbye & Good night …. Ugliest
Get it right round the lot of you ….????