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Originally Posted by Derek
Nice to see an expert in tax law giving his input. If its so cut and dried why bother with a tribunal, why is it taking so long for the tribunal to report back and why have several players from that era come out and said the independent advice they received was the EBT scheme was legal and there were no side contracts.
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It's normal for an first tier tax appeal to take this length of time.
I don't know if Colin is a tax expert. I know I'm not but I am capable of reading the wealth of information on the subject on the internet.You shouldn't rely on the Scottish mainstream media for any reliable information.
Several players have said they only signed one contract. The BBC program revealed evidence, emails and letters, promising payments that were contractual. This evidence is underpinned by the fact that the payments promised matched the amounts paid into the player's EBTs. The 'independent' advice the players received was clearly at odds with how HMRC see the EBT scheme should be run. It's very clear that there cannot be any contracual element to an EBT.
Quite simply, any contracted payment into an EBT changes the tax avoidance into tax evasion.