Yes, I’m a Hearts fan and something has been gnawing away at me since the HMRC v HMFC tax case.
This is my understanding of the situation.
Kaunas, at the start of Romanov’s reign, loaned players to Hearts. All of these players had played for Kaunas and were registered Kaunas players therefore these players were entitled to be loaned to Hearts under existing football and tax rules (or were they?)
The problem seems to have arisen from the multitude of players who arrived at Hearts having been signed by Kaunas, having never received a wage let alone represent Kaunas on the pitch, and were immediately loaned to Hearts. Continue reading