Rangers v Celtic

I don’t know if Eddie’s argument is how much he is worth.

what he’s worth and what we get for him are likely to be 2 very different things.

the joys of being a Scottish klub

 

You really do compound your stupidity by continuing to post dumb shìt

The side letters aren't the illegal part of EBTs. Not paying tax and national insurance on them is the illegal part. It used to be legal now it's not. That's why HMRC are pursuing everybody who had an EBT and didn't pay tax and Ni on it.

And get this...

Even the cùnts that didn't have a handy side letter.

This was all in that link I posted which either you didn't bother reading or you're to thick to understand what you read.

I'll plump for the latter.

 

Jog on, Declan

 

So anyhoo...

Morelos scores for his country
Kamara leads Finland to their first ever major finals.
Helander going to same finals with Sweden
Aribo tearing it up with the super eagles.
Barisic likely to join them playing for the World cup runners up.

How's French Eddie getting on with the French youth team?

 

No you diddy.

Only those abusing EBTs will be paying tax.

Paying back an EBT legitimately is ok and not taxable but no new EBTs are allowed.

Having written contracts proving you abused EBTs is really stupid.

You pay tax on earnings. Not loans.

 

Larkhall Bowling Club entering into administration I'm hearing.

 

The Morelos last minute goal going down well I see.

 

Oh ffs.

Under measures proposed in the Finance Bill 2017, HMRC will be able to turn back the clock and tax all but the oldest outstanding loans made by employee benefit trusts (EBT). This will be on the basis that a non-repayable loan is not a loan but is disguised pay.

The new rules allow distributions from an EBT or a similar structure to be taxed as income from employment, meaning they will be liable for income tax and national insurance contributions. The changes will apply to any outstanding loans made since 6 April 1999 and will be extended until April 2019, even if there has not been any distribution from the EBT

 

Ffs

"NON REPAYABLE LOAN"

Do you get it yet?

An EBT was supposed to be repaid.

It was abused by many but not all.

The HUNS ADMITTED IT.

 

The World's Most Quintessentially British Club deserve better imho.

 

Oh ffs

In the Finance Act 2011, the disguised remuneration (DR) rules were introduced to ensure that the employees were taxed on EBT loans as employment income, with no refund of the tax if the loan was eventually repaid. However, at this point, the DR regime did not apply to EBT loans that were made before the 2011 Finance Act came in. Since then, HMRC has continued to take legal action against employers and employees and encourage them to sign up to a ‘settlement’ opportunity. However, it was not until the Finance Bill 2017 that the law was finally changed.

Now just stop. You're Mindying level is in danger of going nuclear.

 

Larkhall bowling club will be fine.

Coatbridge Hibs club, not so much.



You should know better than to back Mindy in any argument. Silly cùnt.

And so is he.

 

Once again Aldo its for those abusing it.

"If they eventually repaid"

Kind of suggests in those cases there was no intention of repaying.

Like Rangers who had contracts stating such as the DEFAULT was to repay.

Do you honestly think those who had a legitimate EBT repayment plan had subsequently been taxed?

 

Larkhall Bowls International 5088 has just been registered at Klumpany House I'm hearing.

 

Deary fùcking me.

I posted it. Highlighted it. Made it as easy as I fùcking could so even a fùcking moron like you would understand it.

And still you post this shìte.

EVERY EBT IS TAXED. THE TAX IS PAID ON THE LOAN. THE TAX IS NON REFUNDABLE IF THE LOAN IS PAID BACK. SO IT MATTERS NOT ONE FÙCKING JOT IF THE EBT IS ABUSED OR NOT.

DO YOU UNDERSTAND?

 

I understand that.

You are quoting from HMRC on disguised remuneration.

Ergo abuse of the EBT, which was not set up for remuneration.

Here endith the lesson

 

Oh I see. So now your contention is that HMRC aren't talking about EBTs in their EBT specific article even though they mention EBTs several dozen times. Even though the piece I highlighted actually says the legislation was brought in to, and I quote, ENSURE THAT THE EMPLOYEES WERE TAXED ON EBT LOANS.

By fùck Mindy you've outdone yourself today lad.

 

Aldo schooling the McDonald's burger flipper a treat!

 

.

 

^^^^ beelin'