Rangers Rumours 12481

13 Apr 2012 19:08:42
Rangers offered HMRC a settlement that would have seen the Ibrox club pay them £10million, whatever the result of the “bigâ€� tax case.
But this was rejected by HMRC, who warned the liability could be up to £75million and they’d want “a pound in the poundâ€�.

And theyâ™d want âœa pound in the poundâ�.
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As much as that?

Liquidation they get nothing £30 million to owner £80million in players contracts that must be payed from assets (secured creditors) +possible 8million in debenture scheme assets of £120mill leaves 226 creditors chasing between £10 and £2 million if they got full asking price in fire sale

Hmrc may get nothing in liquidation but that isnt whta they want . they want total victory in a test case to set a precedent to take to the next lot who are getting done. the money isnt really the major part in this.so they can easily gamble.

Go on hmrc your doing it for the rest of us. fisnish em off.

The assets will be sold to pay off the creditors. The assets cannot be put beyond the creditors, that's illegal.
10p in the £ doesn't pay the legal costs and salaries of all the HMRC staff on this case for the last 5 years.

Liquidation is coming deal with it ! hmrc will not do any deal and this week alone has confirmed this ! if any buyer was not gonna liquidate it would still be same scenario ! its game over and history gone, oh and dont get excited by the leeds scenario they done a cva and did not actually liquidate bye bye 140 years of bigotry !

Yes why do we all not just pay 10p in the £1 to HMRC? It would be great to have all of that extra money to spend. No I would not, because to make up for the lose of income the tax would be put up on everything that I bought. Just pay up or shut up. I feel sorry for the normal Rangers Supporters who are being put through this.

I have never read so many negative comments on this so called " transfer rumour site" people need to have a reality check... its football for god sake, Rangers will not go into liquidation, they will be bought out and will have to live within their means, although all the other SPL teams are "hoping" that they go out of business, deep down they are terrified of the fact that Rangers will be back very soon and shall destroy them on the park, look after the title septic as it will be coming back home where it belongs.

If they had accepted a 10M settlement then they couldn't use this as their "Test Case". This doesn't mean they won't accept a CVA once a final judgement has been passed. It's not about the monietary value for HMRC, it's about winning the case and allowing them to pursue others.

At the end of the day there is a very fine line between tax avoidance and evasion,any normal person who is self employed will try and avoid paying too much tax as do many businesses , Rangers have crossed that line but deliberate act I do not think so but we will pay , I sit easily with the Murray tax fine, As for what whyte was doing and continues to now that is calculated, where as Murrays will be retrospective major difference in my eyes, as for people still to be paid I think the rangers support will endeavour to make sure that those that they can pay and need to be paid will be

HMRC sent out "invitations" to clubs, asking them to come forward and basically own up to any wrong doings. Craig Whyte didnt step forward and accept this invitation, which is why HMRC wont do ANY deal whilst hes at the club.

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