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RE: RIFC - hibeejim21 - 04-11-2015
http://www.bbc.com/news/uk-34720850
HM Revenue and Customs (HMRC) has won a ruling that Rangers' use of Employee Benefit Trusts (EBTs) was illegal.
Rangers used the scheme from 2001 until 2010 to give millions of pounds of tax-free loans to players and other staff.
In what became known as the "big tax case", HMRC claimed these were salary payments and subject to tax.
HMRC lost its appeals at tax tribunals in 2012 and 2014. Now three three judges at the Court of Session in Edinburgh have upheld their appeal.
RE: RIFC - Larry-AV - 04-11-2015
The Annual General Meeting of Rangers International Football Club PLC will be held in the Clyde Auditorium on Friday, November 27 at 10am.
Rangers FC - Rangers International Football Club Annual Results
Note. The links to the AGM Notice and Annual Report automatically download their PDF Files.
RE: RIFC - TIN TIN - 04-11-2015
£7.5 million loss- that's not very good news, albeit lying King only took over in March. Looks like a considerable amount of investment/ more loans will be required to get to the end of this current season
RE: RIFC - supercooper - 04-11-2015
He did well in a month.
RE: RIFC - Trusevich - 04-11-2015
(04-11-2015, 14:02)TIN TIN Wrote: Looks like a considerable amount of investment/ more loans will be required to get to the end of this current season
Hence King's statements about funding the other day.
Everything is in hand, no need for you to panic, Tin Tit.
RE: RIFC - Larry-AV - 04-11-2015
The latest judgement on the 'Big Tax Case', 04/11/2015.
SECOND DIVISION, INNER HOUSE, COURT OF SESSION
OPINION OF THE COURT delivered by LORD DRUMMOND YOUNG in an appeal to the Court of Session by THE ADVOCATE GENERAL FOR SCOTLAND Appellant; against a decision of the Upper Tribunal dated 8 July 2014 in relation to assessments to tax made on
(1) MURRAY GROUP HOLDINGS LTD; (2) MURRAY GROUP MANAGEMENT LTD; (3) THE PREMIER PROPERTY GROUP LTD; (4) GM MINING LTD; and (5) RFC 2012 PLC (in liquidation) (formerly The Rangers Football Club PLC)
If Rangers had been 'liquidated', how come Rangers' Oldco is cited as a contestant in this Case ?
RE: RIFC - Fredstersafool - 04-11-2015
Formerly the Rangers football club,good to see they recognise the old club is dead,
RE: RIFC - Maroon 1 - 04-11-2015
Celtic fans will now claim it's the *old club* so the titles can be stripped and the Rangers fans will claim it's a *new club* so they cant
RE: RIFC - Trusevich - 04-11-2015
You need to learn the difference between 'club' and 'company'.
You're not the first, and you won't be the last to make that basic error, Moron1. In fact, I'm not entirely convinced you haven't made that error before. Is it deliberate?
Plus, titles can't be stripped because an independent SFA investigation found that no sporting advantage was gained.
You're rubbish at this trolling lark.
(04-11-2015, 15:33)Fredstersafool Wrote: Formerly the Rangers football club,good to see they recognise the old club is dead,
"Formerly The Rangers Football Club PLC".
Dullard.
RE: RIFC - Maroon 1 - 04-11-2015
Ah, the *Club* and *Company* defence
