Re: Rumours thread. : Sun Jun 03, 2012 4:31 pm  

Carlos Alberto wrote:

They really must have some poorly paid players.

or highly paid accountants!

Re: Rumours thread. : Sun Jun 03, 2012 5:43 pm  

Saddened! wrote:

Given the level of incompetency at the RFL, I've no doubt that the cap has got holes in it that you could drive a bus through. There is a lot of suspicion at the moment about players being paid as consultants through Partnership companies they are directors of to maximise their earnings. But there is also the worry that those companies can also invoice clubs for additional consultancy work and this wouldn't show on the cap anywhere as it's not officially related to the player involved.

I've said it for a while now, but the autobiographies for player, coaches and officials over the next 10/20 years are going to be very interesting. I've no doubt there are countless horror stories to come out of the cap.

Shush now, or that odious little nerk, Brett Kenny, will come trooping over the hill with her boring communist cap nonsense. Ah, can hear her little side kick Deano coming to spout drivel too.

Re: Rumours thread. : Sun Jun 03, 2012 7:55 pm  

Saddened! wrote:

Given the level of incompetency at the RFL, I've no doubt that the cap has got holes in it that you could drive a bus through. There is a lot of suspicion at the moment about players being paid as consultants through Partnership companies they are directors of to maximise their earnings. But there is also the worry that those companies can also invoice clubs for additional consultancy work and this wouldn't show on the cap anywhere as it's not officially related to the player involved.

Who told you that?? For a start, HMRC would rip that shreds regardless of salary cap. That is such an easy scheme to be found out on, I cant believe any club would do it. Its like, the worst scheme for getting around the cap I have ever heard. Its as though someone with no knowledge of anything accounting came up with it its that bad. I hope to god its not true

Re: Rumours thread. : Sun Jun 03, 2012 8:17 pm  

Saint77777 wrote:

Who told you that?? For a start, HMRC would rip that shreds regardless of salary cap. That is such an easy scheme to be found out on, I cant believe any club would do it. Its like, the worst scheme for getting around the cap I have ever heard. Its as though someone with no knowledge of anything accounting came up with it its that bad. I hope to god its not true

The method is widely used in business, particularly as a way of extracting money from SMEs. It was also mentioned in the Keith Senior v Crusaders case recently I believe, so it's definitely happening.

Re: Rumours thread. : Mon Jun 04, 2012 8:44 am  

Saint77777 wrote:

Who told you that?? For a start, HMRC would rip that shreds regardless of salary cap. That is such an easy scheme to be found out on, I cant believe any club would do it. Its like, the worst scheme for getting around the cap I have ever heard. Its as though someone with no knowledge of anything accounting came up with it its that bad. I hope to god its not true

HMRC would not rip shreds through it at all, as long as everyone was paying the correct level of tax, it's not an issue for HMRC. The salary cap is an internal agreement, whether players and clubs are getting around it by paying players as consultants is irrelevant to HMRC so long as they get the correct tax for that consutancy work.

Re: Rumours thread. : Mon Jun 04, 2012 9:22 am  

Saddened! wrote:

The method is widely used in business, particularly as a way of extracting money from SMEs. It was also mentioned in the Keith Senior v Crusaders case recently I believe, so it's definitely happening.

I am quite aware they are used in business. I am a chartered accountant, but there is this little bit of legislation called IR35, specifically set up to catch these kind of service companies who are set up to avoid tax and NI. The directors, who are also the shareholders pay themselves dividends to avoid some tax & NI, whereas they should really be an employee of the company (club) they are providing the "service to" and be subject to PAYE like any employed worker

bewareshadows wrote:

HMRC would not rip shreds through it at all.

Yes they would, see above, because they aren't paying the correct amounts of tax

Re: Rumours thread. : Mon Jun 04, 2012 10:59 am  

Matty smith to Wigan done deal!
Gilmour to cas done deal!

Finch to souths very close, souths after another Wigan player.
Turner to saints very close to completion.

The big news I've been told today is that saints have put Manu deal on ice as brown isnt to sure on him now for the money he's being offered.

manu to Catalan is on the cards and also Webb.

Re: Rumours thread. : Mon Jun 04, 2012 11:46 am  

St pete wrote:

Matty smith to Wigan done deal!
Gilmour to cas done deal!

Finch to souths very close, souths after another Wigan player.
Turner to saints very close to completion.

The big news I've been told today is that saints have put Manu deal on ice as brown isnt to sure on him now for the money he's being offered.

manu to Catalan is on the cards and also Webb.

Done deal for both Manu and Turner, was told Friday (good info) also told Brown is in contact with the club daily.
But two days in RL is a long time, unless someone else as become available, rather stick with my original source.

Re: Rumours thread. : Mon Jun 04, 2012 11:50 am  

St pete wrote:

Matty smith to Wigan done deal!
Gilmour to cas done deal!

Finch to souths very close, souths after another Wigan player.
Turner to saints very close to completion.

The big news I've been told today is that saints have put Manu deal on ice as brown isnt to sure on him now for the money he's being offered.

manu to Catalan is on the cards and also Webb.

Well you are usually pretty spot on so that's gonna make things a bit interesting!! At least it demonstrates Brown is the boss!!

Re: Rumours thread. : Mon Jun 04, 2012 11:54 am  

Allez wrote:

Well you are usually pretty spot on so that's gonna make things a bit interesting!! At least it demonstrates Brown is the boss!!

Think I'm going to take back seat in the manu saga now, I'm being told different info by two different players so something must be going on.

I'd still go with the first player who said its done deal as he's never ever told me wrong info yet but the is always a first.