Tag Archives: SARS

Did Dave King Teach Craig Whyte His Tax Strategy? + Are There 2 Dave Kings?

It is funny how some things seem very simple, yet become very complicated. One such example is that of Dave King, or, with a tip of the hat to TH White, “the once and future Dave King”.

Other people, including Phil Mac Giolla Bhain and Andy Muirhead at Scotzine have written about the position of Mr King as regards the SFA “fit and proper person” test. For what it is worth I would not expect Mr King to have any problems from the SFA with being classed as “fit and proper”.

There is also more to be written about how his position would affect his chances of being appointed to the present PLC Board.

But for now I wanted to look at one of the issues which is fundamental to both of those matters – does Mr King actually have any criminal convictions from his dealings with the South African Revenue Service? You would have thought that was a simple question – either one has a conviction or one does not.

But the Scottish media, perhaps being “spun” by interested parties, have come up with a range of answers. Continue reading

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Filed under Criminal Law

South Africa’s Tax Authorities v Dave King – Now In the High Court in London

I was looking, at the inadvertent prompting of Iain, one of the Rangers supporting commenters on the blog, at the history of Rangers rights and share issues.

I was diverted, as I often am. This time it was by a mention in the Murray International publicity about the £53 million share issue in Rangers Football Club plc in 2000 as follows:-

“Of the £32.3 million, the Murray Group is investing £9.3 million with new investment of approximately £20 million from Ben Nevis Holdings, a company associated with Dave King, a successful Scottish businessman based in South Africa.”

I have written about Mr King and his tax issues with the South African authorities before.

However a recently reported case from the Court of Chancery in England is of interest, both to tax practitioners, but also to those with an historical interest in the “fit and proper” person test in Scottish football.

The case of Revenue and Customs & Anor v Ben Nevis (Holdings) Ltd & Ors [2012] EWHC 1807 (Ch) was decided on 20 July 2012. The decision can be found here.

The case sheds an interesting light on some of Mr King’s dealings and history, and we see the vigorous defence being put up by his lawyers, no part of which is that he does not owe the money!

The Opinion details the allegations against Mr King in detail, and the remarkable fact that, as mentioned above, he invested £20 million in Rangers at a time a tax bill eleven times that size was being run up. If it was an effort at concealing funds, as I am sure it was not, then it failed – firstly because it was done in plain view and secondly because the £20 million of shares are worthless.

However, at no time did the raft of allegations against Mr King affect his position as a director of Rangers Football Club plc, nor indeed his status as a fit and proper person to be a company director.

Be warned – there is a lot of technical tax, jurisdiction and procedure stuff to follow, and the bits about Mr King are near the top. Continue reading

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Filed under Civil Law, English Law, Human Rights, Rangers, Revenue and Customs & Anor v Ben Nevis (Holdings) Ltd & Ors

Dave King and Rangers – EBTs and SARS – Guest Post by Jim

Jim has been kind and has sent me a piece about one of the players (and at present going he might need to pull on a jersey) still flitting round the edges of the Rangers Debacle. I have added some information at the end, with some extra comment too.

I now leave the floor to Jim. Take it away!

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There are so many strands to the RFC debacle that some are forgotten/neglected when a new one is opened. Just a thought on an old one.

Mr Dave King is a very interesting business person. His ongoing dispute with the South African Revenue Service (SARS) has been going on for many years with no sign of resolution. SARS’ claims are quite revealing. Continue reading

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Filed under Guest Posts, Rangers