Football

Breaking: Rangers Lose the Big Tax Case

It just keeps getting worse for the Glasgow side. After 7 years the HMRC has won the Big Tax Case.

The case brings legality of schemes used to help clubs and players avoid paying tax on wages that were instead put into Employee Benefit Trusts (EBTs), into disrepute and could lead to calls for the titles won during this period to be stripped.

Rangers used the scheme from 2001 to 2010 while under the watchful eye of Sir David Murray. Who in turn, sold the club to Craig Whyte for £1.

HMRC lost two tribunals before judges ruled these were salary payments subject to tax. The liquidators of OldCo Rangers were allowed to appeal that decision.

The verdict will not directly affect the current regime but any renewed call to strip the titles will only pile on the misery for the side following their woeful display last night (4/7/17)

We’ll bring you more as we get it…

 

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