Look Back to Look Forward

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John Clark is surely now a national footballing treasure!! Well played …

Comment on Look Back to Look Forward by wottpi.

John Clark is surely now a national footballing treasure!!
Well played sir.

wottpi Also Commented

Look Back to Look Forward
Re the Oshaniwa /Brown incidents. It has nowt to do with club allegancies but everything to do with refereeing consistency.
Brown’s two footed airborne lunge was at the beginning of the game. A stupid impetuous lunge but it doesn’t to any harm to Juanma and at 0-0 it can be argued it doesn’t have any real  bearing on the game. It is early on afterall. Brown gets a warning but folks in the stands know it can go either way. He is either just putting down a marker or he is going to be at it all day.
Oshaniwa goes in sliding,  one foot extended and wins the ball. No Celtic player is injured but Oshaniwa gets booked, in stopagge time, when Hearts are 3-1 down. Like the Brown incident it has not bearing on the game, no one is hurt. In fact the sending off it eliminates any chance of Hearts coming back. He may have stuck in a few dodgy challenges but this one is no worse that stuff that has gone on the last 90 Mins.
Why then does Madden decide to book one player and not the other?? Why, given the dying moments of a game that is clearly in the Celtic bag and a tackle that has no malicious intent does Oshaniwa not deserve the courteousy extended to Brown of a simple word in the ear. Why is a cumulation of  of fouls is somehow deemed worse than a single incident that is a near text book example of a potential leg breaker.
IMHO both Oshaniwa and Brown are easily booked  ‘bombscare’ type players, given the right situation, be that 5 mins in or in time added on.

PS Not really surprised as Madden is the ref I have witnessed as beign unable to consistently take 10 equal steps when pacing out where a defensive wall should be a free kicks.


Look Back to Look Forward
Looking back at my earlier post. It may be that Hector is in a win win situation of the benefit in kind charge was followed.

This is the difference between:the interest that would have been payable if the borrower had been required to pay interest on the loan at the appropriate official rate (or rates) for the tax year concerned and the amount of interest actually paid by the borrower for the same tax year.

If nowt was paid back, as seems to be the case,  then would the 5% interest be applied against the outstanding loan amount for each relevant tax year.

Therefore Mr Ogilvie has an £90k EBT  from when he left Rangers in 2005. 5% = £4.5k  per annum, times ten years to the current tax year =£45k.
I could be barking up the wrong tree but what fun if that is correct.07


Look Back to Look Forward
From Hector’s House

Loan made by a third party – employee benefit trustIt is not uncommon for a third party, such as an employee benefit trust (EBT), to make a loan to a beneficiary who is also an employee of the employer which is associated with the EBT. It is sometimes suggested that the loan is not an “employment-related loan” (EIM26113) because the definition of that term does not include a loan provided by a third party.
Whilst it is true that the definition includes no reference to a third party loan provider, HMRC does not accept that the loan is not an employment-related loan. The definition of “employment-related loan” includes a loan made by an employee’s employer. As “making” a loan includes “in any way facilitating” a loan, if the employer provides the money to fund the EBT, the employer is regarded as making the loan.
Consequently for the purposes of the loan benefit rules, the EBT is ignored and the loan is treated as made directly by the employer to the employee. It follows that the loan is an employment-related loan.

It then seems by following onto other links in Hector’s House that if the loans are loans, as some have been already been admitted, then tax may be due 

The amount chargeable is called the cash equivalent of the benefit of the loan. This is the difference between:
the interest that would have been payable if the borrower had been required to pay interest on the loan at the appropriate official rate (or rates) for the tax year concerned andthe amount of interest actually paid by the borrower for the same tax year.The use of official rates prevents arguments over what would be a commercial rate of interest on an equivalent loan.
Official rates are prescribed by the Treasury by means of Statutory Instrument.
There are tables of official rates at EIM26104 to EIM26106.
Detailed instructions on how to calculate the cash equivalent are atEIM26200 onwards.

The official rates appear to average out at 5% for the period the EBT’s were running. As no interest or payback was associated with the EBTs then 5% it is.
Therefore even if the EBTs were viewed as being loans it may be that Hector will still try and get his 5% back being he has probably not gone down that route to date because of pursuing the Big Tax case where the argument is that the loans were not loans but contractual payments.
A lot less that the potential 40% plus interest and penalties but still a Plan B that may effect some players and officials.

It would be interesting to know if any of those EBT loans recipients where it has been agreed the loans were legitimate, have had to stump up a benefits in kind charge.


Recent Comments by wottpi

It Is Better To Offer No Excuse Than A Bad One
HOMUNCULUSDECEMBER 28, 2017 at 13:48

Indeed. And that was my other thought.
Even if Mark Allen does a good job T”Rangers wouldn’t see any cash for any upcoming talent (internal or bought in)  for a god number of years.
To date a good few lads showing talent have been allowed to leave to keep the lights on.
At present the only prospect they have is McRorie who I think has stepped up and performed well when asked.He certainly has confidence and could develop into a decent centre back playing with the likes of Souttar for Scotland.


It Is Better To Offer No Excuse Than A Bad One
I am sure the thought will have crossed other’s minds but will say it anyway.
Celtics ‘free money’ from the VVD  transfer is more than T’Rangers stated  loan requirements to keep the lights on for the next year or two.
Thats the size of the gap between Celtic and the rest of us.


It Is Better To Offer No Excuse Than A Bad One
EASYJAMBO
DECEMBER 22, 2017 at 12:56

Lets just call it 14 February for old times sake and serendipity. 21


It Is Better To Offer No Excuse Than A Bad One
Statement O’clock but on another matter.

ClydeSSB tweeting Murty appointed until end of the season.


It Is Better To Offer No Excuse Than A Bad One
EASYJAMBODECEMBER 22, 2017 at 10:33

Thought that may be the case but was wondering if someone would be trying to get ahead of the game.


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