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I feel like I've taught a caveman table manners here

It's great to have all the fitba back. A midweek card that size and no English games on Sky was pretty baffling right enough. Brilliant to get the chance to stick one up Willie Hill a few times a week

I think Rangers did very well considering according to Elvis this was a great Falkirk performance and we had a good few youngsters playing it shows how good the team are bonding

Dave- 50 million over the last decade? Absolute pash. We paid in 34 m over the decade, so we could owe tax on the 34m . That's ONLY if we are found to owe it by the end of this tribunal .

50m

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Helsingborg would struggle to avoid relegation in div3 of the sfl. I have never seen a team of worse finishers in my life. Atrocious

He was on my flight back from Amsterdam a couple of years ago and I was almost willing the fecking thing to go down

He's a self righteous w anker of a guy!

Zach - he's in the paper bumping about how Falkirk may have been due a penalty, yet admits himself he didn't see it

papa

Filtered, the lot o yeez

The truth can be boring, I will give you that.

I haven't heard an interview wi that boring cant Pressley.FFS he loves the sound of his own voice and his every utterance is a pontification


your right Zach he is a bit of a phanny

The truth

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Is that a place near FIFE?

Man, some people have absolutely no concept of accounting, but yet seem to think they know it all and never tire of commenting on it...

So EBT's (an expense) have absolutely no effect on profit (which is a balance of income vs outgoings)?

Where does this fantasy extra £50m come from to "add" to our losses?

The stupidity of some people knows no bounds...
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I do never tire of commenting on accounting, I cant get enough of it. The main reason for that is I'm an accountant currently doing my CA.

EBTs are not an expense and payments into these trusts do not effect profit. The employer will have no PAYE to pay on the "loan" but gets no tax relief on these payments.

I'll go slowly this time as you're obviously one of those people who is out of bounds with stupidity. Rangers paid £50m in EBTs; THIS DID NOT EFFECT PROFIT; if it was paid through PAYE then Rangers profit over 10 years would be £50m less; if you paid this NET amount to employes and tax was paid it would've been closer to £100m.

IE - you paid £49m into EBTs over 10 years. The £34m is just the tax HMRC are looking to be paid, not what you paid into the scheme.

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?

I thought it was circa 24.4 mill was paid in

with 49 mill of interest and charges

but,aye,fückit 50 sounds a lot better

No dave, we paid in 34 m . The 49m figure is with penalties and stuff. Therefore we may have duped tax on 34m. What's that, 17m or something?

Good for you Celtic Dave this is a football forum now good luck with your studies

Dc - 34m it was that was paid in as far as I know

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IE- "Rangers' annual accounts from 2001-2010 show the Glasgow club invested a total of £47.659m to the Murray Group Remuneration Trust."

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-18169501

Dave - it was 34m on the mark daly bbc documentary

Regardless, we didn't bump 50 m, we paid that. It was just tax on the 34/50m so that's only half of that 17-25m

comment by CelticDavie1888 (U7115)

I do never tire of commenting on accounting, I cant get enough of it. The main reason for that is I'm an accountant currently doing my CA.

EBTs are not an expense and payments into these trusts do not effect profit. The employer will have no PAYE to pay on the "loan" but gets no tax relief on these payments.

I'll go slowly this time as you're obviously one of those people who is out of bounds with stupidity. Rangers paid £50m in EBTs; THIS DID NOT EFFECT PROFIT; if it was paid through PAYE then Rangers profit over 10 years would be £50m less; if you paid this NET amount to employes and tax was paid it would've been closer to £100m.

IE - you paid £49m into EBTs over 10 years. The £34m is just the tax HMRC are looking to be paid, not what you paid into the scheme.


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If you're an accountant, then god help us!

Let's put it the simple way - Rangers have £50m, which they may or may not pay into an EBT.
Assuming they don't pay it into an EBT, then that's £50m which, after Corporation Tax would become part of the operating profits for the financial year...

You're working on an assumption that if there were no EBT's, then the money would be paid out as salary, but if you're an accountant, you should surely know that EBT's are non-contractual trust payments, meaning that the money would be returned to Rangers books, thus becoming a factor in profit and loss....

If the players were to get an alternate "bonus" as you're suggesting, this would be nothing to do with a legitimate EBT, and would have no effect on any payments in or out of the trusts.

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kerrydale accontants are on your case again....we never fail..........