Magnus Llewellin has responded to the accusation of inaccurate and partial reporting from HMRC by blaming everyone at Ibrox’s favourite fall guy- Craig Whyte.
Without a dissenting voice the man from Motherwell arrived on the Scottish scene in November 2010 with no-one prepared to contradict his alleged billionaire status.
While others talked a good game in May 2011 Whyte put his hand in his pocket and tossed a pound coin across a table to a grateful Dave Murray as he shifted himself of the burden caused by the second biggest institution in Scotland.
Within a year of that transaction, largely caused by Ally McCoist’s chronic failings as a manager, the club was in administration followed by the start of liquidation in June 2012 when a CVA was rejected.
Five years later The Supreme Court ruled that the EBT scheme ran by Murray to attract players that wouldn’t be interested in the club was a form of disguised remuneration. Income Tax and National Insurance payments were due on £46m paid out to players, coaches, officials and directors.
In Thursday’s edition of The Times they claimed that a ‘tax error of upto £50m’ had contributed to the downfall of the club despite the bill being confirmed FIVE YEARS after they went into liquidation.
Not really that clear from the headline. pic.twitter.com/hlzSIQQdTR
— pat don (@patdon801) November 15, 2019
— HMRC Press Office (@HMRCpressoffice) November 15, 2019