: Thu Apr 02, 2009 11:58 am  

I must say I haven't seen it in any other paper - so perhaps it was something to do with the date.

: Thu Apr 02, 2009 12:22 pm  

Agent Mulder wrote:

I must say I haven't seen it in any other paper - so perhaps it was something to do with the date.

a lot of effort for something not very funny, and it was put on late last night, which would suggest its not an April Fool gag.

: Thu Apr 02, 2009 12:48 pm  

Rogues Gallery wrote:

It can be done. Tax can be collected from up to 3 tax years in arrears.(It maybe more)

Look at the date in was in the Guardian, so it may not be 100% true.

The article has appeared in Thursdays Guardian, though was posted online late last night.

So not an April Fool

: Thu Apr 02, 2009 1:06 pm  

I would have thought we may be in the frame for this.

When the details of SBW "offer" were made public it gave us an insight into the types of deal we may be offering.

We have some clever guys at the club.

: Thu Apr 02, 2009 1:24 pm  

Doseymarker wrote:

I would have thought we may be in the frame for this.

When the details of SBW "offer" were made public it gave us an insight into the types of deal we may be offering.

We have some clever guys at the club.

Not if this loophole is retrospectively closed we don't. We'd be up the creek if that happens.

Re: Offshore tax loophole closed : Thu Apr 02, 2009 4:28 pm  

Saint Simon wrote:

http://www.guardian.co.uk/sport/2009/apr/01/super-league-inland-revenue-offshore-payments

I would'nt have thought it would affect us too much, not many overseas stars, and with all the players leaving last year we must be well under SC. Warrington seem twitchy though
Both Hull teams as well i would guess.

try looking closer to home, i heard jamie lyon had a large collection of brown envelopes when he played for saints

: Thu Apr 02, 2009 9:47 pm  

Rogues Gallery wrote:

It can be done. Tax can be collected from up to 3 tax years in arrears.(It maybe more)

Look at the date in was in the Guardian, so it may not be 100% true.

Six years. Twelve IIRC if its fraud.

: Thu Apr 02, 2009 9:52 pm  

Saddened! wrote:

Not if this loophole is retrospectively closed we don't. We'd be up the creek if that happens.

Yup.

IF - point needs to be made its all still hypothetical at this stage.

But IF a club has to settle with HMRC for arrears of tax and NIC, then that affects the salary cap spend because its the grossed-up amounts that would rank, not the net amounts actually paid. Which would likely lead to major and immediate retrospective salary cap breaches.

Much talk around the game over recent years that Saints have made use of this arrangement. If so, they'll not be the only ones.

Interesting times await, I fear.

Re: Offshore tax loophole closed : Fri Apr 03, 2009 7:55 am  

number 6 wrote:

try looking closer to home, i heard jamie lyon had a large collection of brown envelopes when he played for saints

did he eck...prove it, c'mon we need proof, jamie was da best der wuz. c'mon prove this or be banned.

: Fri Apr 03, 2009 8:52 am  

My misses who is a lawyer type says that if the law is changed as it is in this instance, the only "crimes" that can be retropectively prosecuted are murder and something similar, i was falling asleep due to the interesting nature of the law but the gist was that what has happened has happened, but you cant do it anymore. No club will have any liabilities for what happened before the law was changed