I'm from Liverpool. Liverpool born and bred. I live here because of my wife's job. Who is it you suggest I change my allegiance to? It can't be 'switched off' when it's in the system.
The Football.....
- Thread starter Spartak
- Start date
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U
User482
Guest
Everton.
I think we're quite definitely relegated!!Send me a membership card and a season ticket (they're easy to come by) and away I'll merrily go.
Monsieur Remings
Guru
- Location
- Yatton UK
Quarter Pound Of Rubbish is another old acronym though I guess they point to the same direction.
But....give the man a bit more time, I'd say another 26 games and we'll be alright...
...in the Championship.
It's a horrible feeling watching your team take the p.i.s.s.
But if they won't play for Hughes, the man who endorsed their fat contracts, who will they play for? A right pickle, QPR should never have sacked Warnock, at least oodles of money wouldn't have been squandered. Really hope you don't go down.
Monsieur Remings
Guru
- Location
- Yatton UK
It's a horrible feeling watching your team take the p.i.s.s.
I fear the fat contracts you mention are part of the reason we are in such a pickle as you rightly point out Mark. We are on our 4th team in 2 seasons - Warnock's Championship winning squad, his revised Premiership Squad, Mark Hughes' initial squad last season and now his revised shambles this season where too many big names that don't care a hoot for the club, are simply there because it's a last pay cheque before they reach the wilderness. Hughes, or any manager for that, was never going to get so many faces to gel so quickly and it's a joke to think he thought they could. Every team needs a backbone and the new faces can shine all they need within that set-up, introduced gradually.
What's really sad is that despite having financially filthy rich owners in the recent past (Ecclestone and Briatore and the Mittals) when we were in the CCC we didn't splash out the cash that people assumed we did, or would. Now we have an owner who has and it's turned into overkill. How many midfielders do we need whilst our defence and finishing is such a joke? Why did we buy the likes of Zamora, Bosingwa, Onuoha, Mbia, and SWP? They're either washed out, can't be bothered or both and they're just a few of the names that come to the fore.
QPR fans should be very careful what they wish for.............WARNING - THIS IMAGE MAY FRIGHTEN CHILDREN AND ADULTS OF A SENSITIVE DISPOSITION. DO NOT SCROLL DOWN IF YOU ARE ON MEDICATION, OR SUFFER FROM ANXIETYIt's a horrible feeling watching your team take the p.i.s.s.
Just setting off for the big match, Bradford City v Plymouth Argyle, some fixture compiler deserves a bonus for sorting that one out for a Tuesday night.
What about paying off Hughes and his entourage? Ouch! Don't know about Redknapp, QPR's liabilities to these useless players, who they are not going to be able to even give away, must be gigantic. Harry is only going to want to splash the cash too. And, given that he is similar to the players, past it & wanting one more fat contract, things could turn even more spiteful if he failed.
What about paying off Hughes and his entourage? Ouch! Don't know about Redknapp, QPR's liabilities to these useless players, who they are not going to be able to even give away, must be gigantic. Harry is only going to want to splash the cash too. And, given that he is similar to the players, past it & wanting one more fat contract, things could turn even more spiteful if he failed.
tug benson
Survived the Tour O the borders 2013
- Location
- Alloa
Sad to say i think we have went down the newco route for no reason
Rangers win big tax case as tribunal rules EBT payments were loans
Rangers have won a significant victory in their tax battle with HMRC with a tax tribunal ruling that payments made to some Rangers players through trusts were loans.
The three-person First Tier Tax Tribunal could not reach a unanimous decision on the club's use of Employee Benefit Trusts between 2001 and 2010.
It found most of the trusts were "valid" and loans are "recoverable" by the trust, although it conceded some advances to players were taxable and any bill is likely to be "substantially reduced" from the initial £46.2m assessment.
HMRC said it was disappointed and was considering an appeal.
It said: "We are disappointed that we have lost this stage of the court process and we are considering an appeal. The decision was not unanimnous and the diligence of HMRC investigators was acknowledged by the whole tribunal. HMRC is committed to tackling avoidance and it is right that we challenge the type of avoidance seen in this case."
A statement from the tribunal said: "This was a lengthy appeal, heard over 29 days and set down over an extended period. There was extensive reference to documentary productions and relevant case-law.
"At a late stage in its deliberations it became clear that the Tribunal would be unable to issue a unanimous decision. It is conscious of and regrets the consequent delay.
"The majority view reflects the argument that the controversial monies received by the employees were not paid to them as their absolute entitlement. The legal effect of the trust/loan structure is sufficient to preclude this. Thus the payments are loans, not earnings, and so are recoverable from the employee or his estate.
"The dissenting opinion adopts the approach set down by the decision of the House of Lords in Ramsay in 1981. 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.
"At the request of Parties the Tribunal agreed to anonymise the published form of the decision."
Neil Patey, Ernst & Young, said: "By a majority of two to one, the tribunal has decided that the EBTs were loans and not taxable as remuneration so there is no additional tax to pay. Rangers have won the case."
A spokesperson for Sir David Murray, owner of the club through the period in question, said: “We are satisfied that the Tax Tribunal has now published its widely awaited decision and note the contents thereof.
"We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself.
"This has been an exceptionally long, difficult and expensive process involving not just the Tax Tribunal but also significant efforts to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties. We will therefore review the detailed content of the decision with our advisers and legal counsel to ascertain what action, if any, is now required by MIH.
"While MIH has at all times respected the privacy of the Tax Tribunal proceedings, a substantial quantity of confidential information relating to the case has become available for public consumption stimulating considerable discussion and often ill-informed debate. This has been wholly inappropriate and outwith the fundamental principles of natural justice.
"We therefore formally request that the relevant authorities investigate how these sensitive details have been released so widely. We have instructed our lawyers to retrospectively review online and printed publications relating to the case to identify whether legal redress is either appropriate or necessary."
Rangers had been found by HM Revenue and Customs (HMRC) to have breached tax rules through their use of employee benefit trusts (EBTs) to pay players and directors between 2001 and 2010.
The Ibrox club, then under the ownership of Sir David Murray, contested this, which resulted in the case being heard at the tribunal in Edinburgh.
Hearings in the tax case concluded in January, but its findings were not reached by the time the Ibrox club plunged into administration on February 14 this year.
Rangers win big tax case as tribunal rules EBT payments were loans
Rangers have won a significant victory in their tax battle with HMRC with a tax tribunal ruling that payments made to some Rangers players through trusts were loans.
The three-person First Tier Tax Tribunal could not reach a unanimous decision on the club's use of Employee Benefit Trusts between 2001 and 2010.
It found most of the trusts were "valid" and loans are "recoverable" by the trust, although it conceded some advances to players were taxable and any bill is likely to be "substantially reduced" from the initial £46.2m assessment.
HMRC said it was disappointed and was considering an appeal.
It said: "We are disappointed that we have lost this stage of the court process and we are considering an appeal. The decision was not unanimnous and the diligence of HMRC investigators was acknowledged by the whole tribunal. HMRC is committed to tackling avoidance and it is right that we challenge the type of avoidance seen in this case."
A statement from the tribunal said: "This was a lengthy appeal, heard over 29 days and set down over an extended period. There was extensive reference to documentary productions and relevant case-law.
"At a late stage in its deliberations it became clear that the Tribunal would be unable to issue a unanimous decision. It is conscious of and regrets the consequent delay.
"The majority view reflects the argument that the controversial monies received by the employees were not paid to them as their absolute entitlement. The legal effect of the trust/loan structure is sufficient to preclude this. Thus the payments are loans, not earnings, and so are recoverable from the employee or his estate.
"The dissenting opinion adopts the approach set down by the decision of the House of Lords in Ramsay in 1981. 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.
"At the request of Parties the Tribunal agreed to anonymise the published form of the decision."
Neil Patey, Ernst & Young, said: "By a majority of two to one, the tribunal has decided that the EBTs were loans and not taxable as remuneration so there is no additional tax to pay. Rangers have won the case."
A spokesperson for Sir David Murray, owner of the club through the period in question, said: “We are satisfied that the Tax Tribunal has now published its widely awaited decision and note the contents thereof.
"We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself.
"This has been an exceptionally long, difficult and expensive process involving not just the Tax Tribunal but also significant efforts to resolve the matter with senior HMRC officials on a commercially sensible basis for all parties. We will therefore review the detailed content of the decision with our advisers and legal counsel to ascertain what action, if any, is now required by MIH.
"While MIH has at all times respected the privacy of the Tax Tribunal proceedings, a substantial quantity of confidential information relating to the case has become available for public consumption stimulating considerable discussion and often ill-informed debate. This has been wholly inappropriate and outwith the fundamental principles of natural justice.
"We therefore formally request that the relevant authorities investigate how these sensitive details have been released so widely. We have instructed our lawyers to retrospectively review online and printed publications relating to the case to identify whether legal redress is either appropriate or necessary."
Rangers had been found by HM Revenue and Customs (HMRC) to have breached tax rules through their use of employee benefit trusts (EBTs) to pay players and directors between 2001 and 2010.
The Ibrox club, then under the ownership of Sir David Murray, contested this, which resulted in the case being heard at the tribunal in Edinburgh.
Hearings in the tax case concluded in January, but its findings were not reached by the time the Ibrox club plunged into administration on February 14 this year.
The Brewer
Shed Dweller
- Location
- Wrexham
I see Man U are getting a 'Welcome' in Turkey
Mark Hughes has close business relationships with key sports management people (such as "super agent" Kia Joorabchian).
If you want a manager who can bring in big name players, he's your man. If you want a manager who can keep your club in the league...
If you want a manager who can bring in big name players, he's your man. If you want a manager who can keep your club in the league...
Tug Rangers went down the newco route not because of the big tax case but cos the man that bought your club with other ppls money did not pay any paye for any of the players since he took over i said at the time craig whyte was not the answer for rangers and i was proved right
