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EBTs - DUAL CONTRACTS - SEVCO

Discussion in 'Celtic' started by Albatross, Sep 12, 2012.

  1. EspaniaCelt

    EspaniaCelt Well-Known Member

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    Leaving aside the fact that the SPL's interest lies in the dead club's undeclared (EBT) payments/'double contracts' in breach of SPL rules, if the 'Big Tax Case' tribunal finds in favour of HMRC then who is actually liable for the unpaid tax?

    The dead club will obviously be seen as not having paid it but what did they do with the funds? Did they, in fact, deduct an equivalent or some amount (unlikely I know) from the EBT payments made to players and use it for the benefit of the club or was it simply a case of this money being paid in full to the players without anything/tax being deducted at source, in which case are the players themselves liable?

    Just asking the questions as a matter of interest - it seems to me that, legally, either the dead club are liable for any unpaid tax or the players are liable themselves ... or can it be both within the UK system?
     
    #21
  2. Albatross

    Albatross Well-Known Member

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    HMRC will chase up the players. Everyone is responsible for paying their taxes, although the employer should deduct that, this does not mean that the employees are not liable. They are liable and HMRC have said that tHey will pursue each individual. This is possibly why the outcome of the FTTT Has been delayed due to data protection and possibly criminal proceedings if they are applicable in this case.
     
    #22
  3. EspaniaCelt

    EspaniaCelt Well-Known Member

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    Thanks Albatross - I would think there are quite a few worried players/ex-players awaiting the outcome in that case.
     
    #23
  4. Albatross

    Albatross Well-Known Member

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    Certainly must be and this is probably why Billy Dodds was singing like a canary a few months ago.
    Btw all of this will drag out for years. HMRC move more slowly than the plates tectonics. However, that will be great as they will squirm for a long long time waiting for the wee brown envelope from Hector.
    Brilliant int it lol <cool>
     
    #24
  5. EspaniaCelt

    EspaniaCelt Well-Known Member

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    For sure! There may well be a lot more 'singing' about what went on behind the scenes, from other players/ex-players, who will feel hard done by if they get hit big-time by HMRC!
     
    #25
  6. Albatross

    Albatross Well-Known Member

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    Ex rfc on Clyde now admits that he got bonuses etc on less than transplant basis. Unbelievable.
     
    #26

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