30 Apr 2025 20:04:42
The only reason Stevie G has not been announced is down to tax. The financial year in Saudi runs from 1st Jan until 31st December. Gerrard has to wait 120days before signing or he would be liable to pay 45% tax. Those 120days end today. His announcement is imminent ?.
30 Apr 2025 20:23:09
Hahahaha good one.
30 Apr 2025 20:30:08
Clutching at straws with that one.
30 Apr 2025 20:37:01
There's no such law Florida bear that states that lol.
30 Apr 2025 20:41:02
Florida. he would have paid his taxes in Saudi. the tax issue was here and that was if his primary home was in UK last year. needs a statutory residence test but even then that liability finished as of 5 April.
the tax year in Saudi is for that period and the taxpayer has 120 days after that to pay the tax due. no penalties though to my knowledge for working in another country before that though.
30 Apr 2025 20:42:22
120 days from what exactly Florida?
30 Apr 2025 20:46:54
The 45% tax he would need to pay would only be if returned to the uk before the 5 April when the tax year ended.
30 Apr 2025 20:55:18
That means Gerrard will be announced in July, can't see it myself.
30 Apr 2025 21:00:26
120days from the end of the tax year in Saudi which was 31st December 2024. He cannot accept another job during the 120days or he will owe millions ?.
30 Apr 2025 21:21:13
Where did you get that info from Florida done a bit of research and can't find a single bit of info that mentions that mate.
30 Apr 2025 21:26:44
If he's coming back to the uk it's 181 days in any 365 day period. Not financial years. Plus if he's moving back to the UK habitable for Saudi tax.
{Ed001's Note - didn't he reside in Bahrain anyway?}
30 Apr 2025 21:46:48
My sons an accountant Jason and sent me the information this afternoon. It comes down to his appointment dates and when he came back to UK. There financial year runs Jan to Dec yours April to April. He was appointed in July 2023 and sacked in January 2025 and he only completed one full financial year. These are the dates he sent me. Hope that helps ?.
30 Apr 2025 22:05:54
There is no penalty for taking a new job when you leave Saudi. just even read your own post. he left in January 25 so after the end of their tax year so why would he be penalised for last years salary and tax. Like UK once that tax year is closed it is closed. he left in January so the 120 days would kick in after then so be sometime in May not today.
Re UK tax he would be due additional taxes in UK if his statutory residence test showed his primary residence was in UK last UK tax year if he started working in the UK before the 5 April just past.
30 Apr 2025 22:20:24
That the information my son passed on to me this afternoon Angus. As an accountant, I think he's in a better position to give that out. He broke it down for me to put it on here to share with you all. I'm not here to dissect it or give post mortems. I am retired military and don't have much of an understanding of it. It is what it is. Gerrard will be announced soon ?.
30 Apr 2025 23:09:43
Florida do you what Gerrard back as manager?
30 Apr 2025 23:13:33
I believe there was a story around this that already came out so I think Florida Bear is on the right lines if not 100% correct about his situation. Would need to try and find the article I read before though.
30 Apr 2025 23:41:16
I wanted Knutsen My star but I have accepted Gerrard coming back since I was told about it 3 weeks ago. He will hit the ground running and with the backing of the 49ers he will be successful ?.
01 May 2025 00:43:47
Gerrard is not coming back. If that's the 49ers best plan then we're doomed.
01 May 2025 02:11:52
Don't believe there are any penalties. Know a few guys that have freelanced out in Saudi for a few years and came back with no such penalties taking up jobs straight away as long as all tax was paid correctly. Which you'd think would be done by a professional club. If it is gerrad it really undermines the new owner ship,
01 May 2025 04:56:51
Just can't see Gerrard getting the job.
01 May 2025 06:31:55
A great way to start a revolution is to bring in someone less than half would accept isn't it? Nah didn't think so. Not happening never was happening never will be happening. Rose is our new manager as was stated on here by many over the last week or 2.
01 May 2025 07:10:00
"As an accountant, I think he's in a better position to give that out"
How do you know Angus isn't an accountant or in a position to know about stuff like that?
01 May 2025 08:10:23
Gerrard would not have been my first choice and I think a majority of fans feel the same way.
But we'll back him if it's the case and he gets it.
I will say though he will have to hit the ground running and get decent players in and get results straight away because fans will not be forgiving with him if it's a bad start.
01 May 2025 08:12:14
Florida you don't know what I do for a job now or in the past so possibly I would know as well. won't say as I want that part of my life to be separate from here. so great that your son is an accountant but my questions would be is he a tax accountant and how does he know SGs tax affairs or is he just giving you reasons why he might not have signed up till now.
01 May 2025 08:14:25
Florida I am not saying he won't be manager but just questioning the logic behind the tax situation. totally different aspects of this. he could be made manager today but unless he says in press that this was why he hadn't signed until now it doesn't make this tax story true.
01 May 2025 09:10:03
I'm with you Florida. ??
I'm also sticking with what I've heard round about same time as you bud.
Suppose time will tell ?.
01 May 2025 09:31:08
Florida I'm ex military, a veteran and appreciate your information. Sounds credible to me but I'm not an accountant but I can strip a 9 mil in the dark ?.
01 May 2025 09:49:36
Angus my son sent me this. It's fine with me mate but if you don't want to divulge what you did or disagree with what I am saying but really we can't judge you on anything other than an opinion.
Don't spend more than 91 days in the UK for each tax year and you are fine, zero tax liability to UK. In other words You will become non resident and not liable to pay tax. You spend anything between 92 and 185 then you will Be subject to the SRT (statutory residence test) which means you may pay tax.
Make sure to complete the P85 and send to HMRC. Send as much money back to UK no problems but expect delays and further evidence of where you get your money from in the beginning. After a while it won't be a There are a series of test which will determine your status for this year.
Assuming you have lived in UK since beginning of this tax year that means you've already spent 172 days in UK and fail both the Overseas test and pass the UK tests.
From what I can see, any foreign earnings for the rest of this tax year will be subject to UK tax.
P.S. above all this Gerrard was on 15million a year in Saudi. If you think there are no implications on this you are incorrect. ?.
01 May 2025 09:55:27
Personally some on here need to rein it in!
Florida simply trying to inject some info to the rest and he's being lynched publicly and told he is wrong!
If that's what you think fine. But to basically attack in an aggressive manner is frankly bs!
We don't all have to agree! But let's show each some god damn respect as fellow bears if nothing else!
Thanks for the info Florida! Great input.
I keep flipping on who we will have at the helm, I do think it's one of the the Germans but only the other day I was back thinking it would be SG! TAX OR NO TAX!
One things for sure…. whoever gets the job, let's fricken pray they get the full backing from the new board and ALL OF US! Ibrox needs to let go of the toxicity if we are to see our team perform better! because right now they are in bad bad shape at home!
We can all do our part in the stands and on here with each other.
RTID.
01 May 2025 10:14:04
Thank you colonel. That's brilliant ? Figures ain't my thing but I never miss a target ?.
01 May 2025 10:31:22
So our new owners bring in a manager that the majority of fans do not want, not a very good start, but can't see it happening anyway.
01 May 2025 10:47:21
Florida for everyone else benefit I am not lynching you and actually find that a little annoying that anyone would think this was more than just a discussion and debate.
I have a mind which requires detail to be able to be able to make an assessment of the context. don't take it personally as I am like that with everyone; drives my wife mad.
I was asking whether your son knew SGs tax situation or whether he was telling you the generic tax laws. From your last post I think that he has given you the tax laws around the statutory residence test for UK tax laws, which may apply to SG. my understanding is that as the new tax year has started he could legally have started a new job on April 6th. your son is correct that if he had started a new job before that date and he had a residence in this country he would have been due tax in this country for the money he earned in Saudi and the amount is dependent on the number of days he spent in this country. The Saudi system requires a person to pay his taxes up to 120 days after end of tax year which is 31 December as your son states. The two systems can run concurrently but are totally separate.
as I say not calling your son or you out but just my mind wanting to know every detail. the thread you started was much more interesting because it wasn't just a I want SG for manager so thanks.
If SG gets the job then he will get my backing.
01 May 2025 11:13:01
Personaly I call this is. 49ers coming in will want a fresh approach and their own men in sg ain't coming back.
01 May 2025 12:24:19
Excellent Gdog and well said sir. Florida bear gave input into Rumours site and get dismissed. I'm sure many more would like to contribute but refrain due to the reactions of some. Now this is just banter no wonder our team freezes at Ibrox with the live toxic fans we have.
01 May 2025 12:29:52
Angus no offence taken here my friend. I don't want to go back and forth here or divulge too much but what I can tell you is that my son looks after his own. A few well known people if you catch my drift ?
PS Takes his brains from his mother before you fire back ?.
01 May 2025 13:13:34
Thanks Gdog you are spot on my friend ?.
01 May 2025 13:15:02
If Gerrard does get it he will have my backing however he won't get 3 years to turn it around, he will be given the same backing as the last few managers and max get 1 year. i imagine a few poor results and you will hear the growns around the stadium for sure.
01 May 2025 17:24:07
No problem Florida and never meant to be insulting in any way nor to call you or your son a liar. I can appreciate that many on here can't give their sources or how they know as I have no clue but willing to wait for the official announcement by Bet365 as to who the manager is. whoever it is will have my backing in the long term as we need to be patient.
wouldnt ever give you jip about brains; have you read half my posts ?.
01 May 2025 17:40:33
Just because SG is one of the favourites actually means heehaw.
Total renewal of all things at Ibrox is imminent, as we move into an new era - simples.
01 May 2025 18:02:40
?? Angus mine are fried. I too will always support the Rangers whoever the manager is. RTID ?.
01 May 2025 19:29:20
No comment re-: Brains, taking the 5th??.