"By giving regard to the intentions of the parties entering the arrangements, and in the absence of commercial reality for the loan structure, the monies received by the employees via the trust constitute earnings for income tax purposes.
Everyone else seems to think that HMRC can go after the recipients of the loans? There's literally nothing that would make me read a 145 page tax tribunal verdict so perhaps you could clarify this point one way or t'other?
The company went into admin because of Whyte. It was liquidated because HMRC refused the CVA. Would they have refused the CVA if it were not for the BTC? Who knows, but probably not.
This is precisely the reason they were doing it. Roughly several thousand companies who have used EBT's breathe a collective sigh of relief.
Apparently so. Unless it was, as I always suspected, simply Peter Lawell/The Vatican pulling the strings and the only outcome required being the humiliation of Rangers?
Already timmy knows the statement word for word. Quoting verses like some obsessed bible basher. They're playing a MASSIVE game tonight, one of the biggest in their recent history but still the mighty Glasgow Rangers are all they speak of
Excuuuuuuuuuuuse me! I haven't read a single word (beyond what others have copied here) and have no intention of doing so. Now about this game: who we playing? Is it the league cup game?
Two of the judges said the loans were not liable for income tax. If they were liable for income tax then so would Rangers be liable for employers PAYE and NIC - in other words - if that were the case Rangers could not have possibly won the appeal and would have been due to pay everything HMRC claimed. I can't think of any way in which they could say the comapny is not liable but the employees are.
In all seriousness how many of you taigs quoted "RangersTaxCase" And how many of you feel like ****ing massive wallopers now?
What's wrong with you? I've asked you once, possibly twice. But you're talking ****e, a pedant could claim defamation but your silence on the subject speaks volumes, poor poor poor wum! Thought as much!
