Peter Lawwell Involved In Tax Dodge

[RANGERRAB 3,653]

On 15/06/2020 at 12:50, craig said:

The marked difference between these and EBT's in theirs and our situation is that theirs weren't administered by the club.  Which means Celtic can, legitimately, claim that what their staff do with their own money is their own business and it is nothing to do with the Club.

Then why are HMRC chasing ex-Rangers players for the tax on their EBT’s ?

[Bill 13,717]

14 hours ago, RANGERRAB said:

Then why are HMRC chasing ex-Rangers players for the tax on their EBT’s ?

While the club administered the scheme, the players were direct beneficiaries. You could argue that Rangers was an indirect beneficiary because without the scheme at least some of the players would not have signed to play at Ibrox - but that's impossible to prove, let alone quantify. Obviously, Rangers did benefit directly too.

Edited June 20, 2020 by Bill

[onevision 1,568]

11 minutes ago, Bill said:

While the club administered the scheme, the players were direct beneficiaries. You could argue that Rangers was an indirect beneficiary because without the scheme at least some of the players would not have signed to play at Ibrox - but that's impossible to prove, let alone quantify. Obviously, Rangers did benefit directly too.

And we paid a hefty price.

[Bill 13,717]

Just now, onevision said:

And we paid a hefty price.

Far more than any tax avoided.

[onevision 1,568]

41 minutes ago, Bill said:

Far more than any tax avoided.

Indeed.

[RANGERRAB 3,653]

Just seems rather odd to me HMRC can pursue both players & the club.

[craig 5,199]

On 19/06/2020 at 21:29, RANGERRAB said:

Then why are HMRC chasing ex-Rangers players for the tax on their EBT’s ?

Which part are you missing about the club administering them ?

 

The club administered them on behalf of the players.  The taxes due were income taxes, not corporation tax, ergo they chase the players for the taxes.  

 

in Celtic’s situation they paid the players their NET wages after deducting tax and the players then invested in these schemes with their net income, and Celtic didn’t have any official involvement - though its highly likely they were the ones that obtained advice on behalf of the players, but they didn’t administer them.

[craig 5,199]

On 20/06/2020 at 18:44, RANGERRAB said:

Just seems rather odd to me HMRC can pursue both players & the club.

HMRC will chase both to get full recompense of the full tax avoided.  If that means having to chase both club and player then they will do so.