footballtaxhavens has written 138 posts for footballtaxhavens

Hearts Admin Part 3: HMRC owed £1.75m for Kaunas Loans for Unpaid PAYE/NIC, Shonky Share Offer, Un-issued Shares

What would the ‘Sporting Integrity’ mob say about a football team using foreign loan players, evading PAYE/NIC to the HMRC then getting out of pay that bill: Between 2005 – 2010, Hearts used loan players from Lithuanian club, FBK Kaunas to play in the Scottish division.  In 2012, HMRC warned Hearts it wanted £1.75m for the … Continue reading

Magnitsky: Dead Russian lawyer, Ukio/Romanov, Rietumu/Desmond. Scottish Football owners banks & stolen Russian funds.

Sergei Magnitsky Want to know what happens in Russia if you challenge the authorities then read Bill Browder’s book Red Notice. Bill Browder started a Hedge fund, Hermitage Capital Management to take advantage of the wild east of Russia’s public asset carve up after Yelstin then Putin took over from Gorbachev.  Unfortunately his fund’s wealth … Continue reading

Hearts Admin Part 2: McCrae’s Battalion honour

As mentioned in the previous post on Heart of Midlothian Plc’s Administration: The vast majority of Heart of Midlothian Plc’s Unsecured Creditors never got paid, apart from the Football Debt to comply with SFA/SPFL rules. Hearts got out of administration writing off debts of £27.472m out of £28.424m owed to crditors However it’s not the large … Continue reading

Hearts Admin Part 1: Vlad, SPL & Media kept Schtum. Creditors stiffed out of £27.5m, £28.4m owed. Budge gets control for £2.5m.

As Scotland heads back to Lithuania today Friday, 1st September 2017, for a World Cup Qualifier the talk of Lithuania it must brings back memories of when Hearts was controlled by Vladimir Romanov, pictured above, via his Lithuanian companies which had propped up Hearts for many years before the company, Heart of Midlothian Plc (‘HoM’) … Continue reading

Martin O’Neil’s overspend bought 2001 Treble using Dermot Desmond’s Bank Guarantee. Debt needed to be cleared by share offer.

In the Celtic accounts for year ending 30 June 2001, Chairman Brian Quinn acclaims their first Treble in over 30 years but the clue to how it was achieved appears in the next paragraph: Celtic made a gross investment of over £21m in players. The players signed are listed in the accounts:       … Continue reading

Steven Purcell started the GCC policy of Off Market deals used in the Celtic land deals of 2007 but only made it official in 2009.

There has always been corruption in Glasgow City Council politics but Steven Purcell’s reign as Labour party leader of Glasgow City Council from 2005 to 2010 made cronyism Glasgow City Council policy. The council showed no shame in favouring certain Labour supporting mates especially for land disposals. Remember this was the time of ALEOs (the AL, … Continue reading

EDC used Campsie Youth funds in Lennoxtown charity to clear the Celtic SLA when Campsie FC needed an all weather pitch

Why did East Dunbartonshire Council (EDC) take £33,360 that were earmarked in the Lennoxtown Initiative charity specially for Campsie Youth, to cover-up over-payments to Celtic FC, who have a multi-million pound training centre in Lennoxtown, via the Celtic Service Level Agreement? Note: Celtic’s training facility was approved by the East Dunbartonshire Council in a Greenbelt … Continue reading

Labour Party Triangle: Celtic PLC, The Co-operative ‘Ethical’ Bank, Glasgow City Council

Labour Party Triangle is like the Bermuda Triangle where public subsidies are milked and disappear. One corner of the triangle, the Labour controlled Glasgow City Council has been damaged but may be only some replaced with like minded SNP suits. However The Co-operative ‘Ethical’ Bank will not be reincarnated as the funder of this triangle. … Continue reading

SFA/SPFL appear to be hiding discussions with HMRC on Marketed Film Tax Avoidance schemes.

In researching how HMRC is starting to handle footballer Image Rights I came across this oral testimony from an HMRC employee at the UK Parliament’s Public Accounts Committee hearing into High Net Worth Individuals & HMRC held on the 7th December 2016. The comments are firstly by Jon Thompson, Chief Executive and Permanent Secretary, HMRC … Continue reading

Glasgow City Council/Celtic EU State Aid investigation was one of the Scottish Government’s Off The Books ‘No Minutes’ cases.

On 1 June 2017, a major development occurred which unfortunately has been overshadowed by the noise from the General Election campaign. Twenty-three journalists representing major news outlets in Scotland wrote an open letter to MSPs tasked with selecting the new Scottish Information Commissioner. It was also copied to Derek Mackay – as FOI Minister, Leslie Evans – Permanent … Continue reading