Next Game

Falkirk v Rangers

Tuesday, 23 September 2014, 19:45

Scot Comm'ties Lge Cup Third Round

Last Game

Alloa 1 - 1 Rangers

Saturday, 20 September 2014, 15:00

Scots Champ

McCoist: Fans owed answers

Ally McCoist wants key questions answered after the tax office lost its appeal over oldco Rangers' use of employee benefit trusts.

Last Updated: 12/07/14 at 15:24 Post Comment

Ally McCoist: Wants questions answered after HMRC appeal denied

Ally McCoist: Wants questions answered after HMRC appeal denied

The Rangers boss believes the club, including former owner Sir David Murray, and fans are owed answers over the so-called 'Big Tax Case'.  

An upper tier tax tribunal judge last week dismissed the appeal by Her Majesty's Revenue and Customs (HMRC), which argued that payments made from the benefit trusts to players and other employees should be taxable.

The Murray Group, who formerly owned Rangers, argued they were loans. The ruling effectively substantially reduces HMRC's £46.2m tax demands, about three-quarters of which referred to the liquidated oldco Rangers club.

Speaking to Sky Sports News at Edinburgh airport as the squad flew out to begin a pre-season tour of north America, McCoist said: "I'm absolutely delighted for Sir David Murray. Sir David actually said also that there are no winners in the case and that doesn't seem to be too far away from the truth.

"I think it's a little bit, if anything, satisfaction for the club, for our ex-players, for the supporters, for everybody really, but at the same time, I won't lie, this will slightly leave a bitter taste in the mouth after what has happened to us in the last two or three years.

"Everybody's got an explanation to do - probably HMRC, the people that pursued it - there's a lot of questions that now have to be answered.

"You don't want to look back, we want to look forward, but at the same time the relevant authorities will have to explain one or two decisions.

"Sir David Murray deserves one or two answers as well. I'll be watching with interest to see the outcome perhaps of one or two statements and one or two questions that hopefully will be answered."

The upper tier tribunal has ordered that some of the payments be re-examined, including termination and "guaranteed bonus" payments. 

The case played a part in the club entering administration in February 2012 before oldco Rangers was liquidated in June the same year. The club was relaunched as a new company and the judgement has no impact on the current Rangers regime.

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew braced for protests

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Christian Benteke closing on Aston Villa comeback

Aston Villa striker Christian Benteke is edging closer to a first-team comeback, manager Paul Lambert has revealed.

Transfer News: Peter Crouch could earn new Stoke contract as QPR maintain interest

Mark Hughes is open to rewarding Peter Crouch with a new contract at Stoke as QPR remain interested in the striker.

Premier League: Crystal Palace beat Everton 3-2 at Goodison Park

Crystal Palace came from behind to beat Everton 3-2 and pick up their first win of the Premier League campaign.

Mail Box

Will Rodgers Finally Drop Gerrard?

The mailbox wants to know if Brendan Rodgers has the stones to drop Steven Gerrard. Plus, thoughts on Wayne Rooney's display, sitting down, and thanking United fans...

Clattenburg And Assistants Should Be Suspended

It's a Mailbox containing Manchester United fans taking defeat to Leicester pretty well, plus some long thoughts on Gerrard and Liverpool, plus Southampton congratulations...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property