ONLY ONE STORY IN TOWN? Robert Robert
“Rangers may have won the battle, but the war is far from over as HMRC appeal and BDO sifting through the books.” WORDS/PAUL MCCONVILLE
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N November 2012 oldco Rangers awaited the verdict of the First Tier Tribunal (Tax) in relation to the multimillion pound claim for unpaid taxes due to the operation by Rangers and its former owners, Murray International Holdings, of Employee Benefit Schemes. These EBTs are controversial tax reduction schemes, vigorously promoted by tax advisers in the early years of this century. Rangers used these to benefit players to the tune of many millions of pounds but in doing so had given the players “side-letters” confirming the payments the players would receive from the independent Trustees.
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