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What is perhaps more interesting is the fact that the RFL, as the RFU has done, will work with the Inland Revenue to find a way out of this. It's fairly obvious that if you were a Rooney or a Gerrard or Beckham then your Image value is considerable. It could be said the same about Johnny Wilkinson but the Tax people are looking at people like Michael Monaghan who cleary have no Image value and are using it as a tax loophole. Now here comes the crunch.

Clubs affected are having to submit their books to the Inland Revenue who will then sit down with the RFL to sort it out. The RFL will then find out which clubs have been using the 'Singapore Sling' to 'cheat' the Salary Cap. My information is that it is quite a lot of them! The RFL will have that information but, given their reluctance to penalise certain clubs - because they have been obsessed with getting rid of the Big Four - will they penalise these clubs now for years of deliberately cheating or will they sweep it under the carpet. Don't hold you breath waiting for punishment if Leeds are found to have cheated. icon_wink.gif

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Quote: Tiger Beer "It does stretch that far and we have nothing to worry about. All the Bulls Image Rights deals are lodged with the RFL.
I'll believe it when Stuart denies it... icon_wink.gif

I guess the questions I'd love to have an unequivocal answer to (but don't expect to get) are:

1. Are any of the Bulls' current image rights deals with players likely to attract claims from HMRC for underpaid tax/NIC?

2. Ditto for players no longer with us;

3. Confirmation that we have not used EBTs, or if we HAVE then the RFL salary cap auditor was fully aware AND we do not envisage any tax/NIC claims from HMRC?

I't not realistically expect an answer, and if I read the situation right we are not likely to be anywhere near the forefront of clubs with worries here - if indeed we need to worry at all. Still be nice to have mind put completely at rest though! (Although I suspect that would open the floodgates for Bulls supporters to play hell with fans of certain other clubs who gave us hell for the technical and non-deliberate cap breaches...

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Quote: Adeybull "I'll believe it when Stuart denies it... ...'"

You are chris caisley and i claim my £5!! icon_wink.gif

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Quote: rhinoms "You are chris caisley and i claim my £5!!
You and I are going to have to have serious words, my friend!!! How dare you!!! icon_wink.gif

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Quote: Adeybull "You and I are going to have to have serious words, my friend!!! How dare you!!!
Nevermind the words Chris, litigate.

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Quote: Shaggoth "Nevermind the words Chris, litigate.'"


I fear I will need to send for the 'Vark then...

46 posts in 4 pages 
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46 posts in 4 pages 
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