Accountability, Transparency, & Brave Sir Robin


With regards the VAT on the supplies made, bearing in …

Comment on Accountability, Transparency, & Brave Sir Robin by Homunculus.

With regards the VAT on the supplies made, bearing in mind these are only rumours. It really depends who is making the taxable supply. The output tax is due from the person making that supply. 

Rangers selling season tickets will be them making the taxable supply, the VAT will be due in the quarter in which the tickets is sold (not when the payment is received as they will be too big to be cash accounting).

Sales of matchday tickets will be the same. As will standard rated sales on those matchdays. Sales of merchandising will probably be by Rangers Retail with the VAT due from them.

I have no idea how semi final ticket sales work. If the clubs selling to their fans is the supply, or if it is the SPFL is making the supply (bearing in mind the two semi-finals have the money split four ways). My money would be on the SPFL making the supply for VAT purposes but that really is a guess. 

Bottom line, it is entirely possible that Rangers have been collecting VAT they have charged customers and not passed that money onto HMRC and were using it to fund the business. Craig Whyte certainly did that. However I have yet to see anything to substantiate the rumour. 

Homunculus Also Commented

Accountability, Transparency, & Brave Sir Robin
OCTOBER 12, 2016 at 23:53


No worries, mate. Just glad you could confirm what I thought to be the case.

I think I speak for everyone here when I express my gratitude for the effort you put in.


Accountability, Transparency, & Brave Sir Robin
SCOTTCOCTOBER 12, 2016 at 18:37


If they did not submit the VAT returns on time then they will have received an assessment. The return has to go in within a specific time period. One month after the return ends, the return must be submitted within a week of that date. If it is not submitted then an assessment is automatically issued.

If they put the return in, even if it is not paid, then an assessment is not raised. HMRC do not have to raise an assessment if the return is in, they can simply move to enforcing that debt, as it is a legal declaration of VAT due.

If however HMRC decide that the return is incorrect they can issue an additional assessment, then enforce the total debt.

Accountability, Transparency, & Brave Sir Robin
It’s interesting to see that Jim Traynor is as much of a rude, bullying troglodyte in person as he was to people stupid enough to phone his radio programme.

It’s not surprising that lying and spinning comes so naturally to him.

Traynor and Young several years ago

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