Next Game

Cowdenb'th v Rangers

Saturday, 07 March 2015, 15:00

Scots Champ

Last Game

Falkirk 1 - 1 Rangers

Friday, 27 February 2015, 19:45

Scots Champ

Tribunal allow Rangers appeal

Rangers' appeal over their use of Employee Benefit Trusts has been 'allowed in principle' by a tax tribunal.

Last Updated: 21/11/12 at 07:29 Post Comment

Rangers: Ibrox outfit have seen appeal 'allowed in principle'

Rangers: Ibrox outfit have seen appeal 'allowed in principle'

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The tribunal ruled - by two votes to one - that during the use of the scheme between 2001 and 2011, 'monies received by employees were not paid to them as their absolute entitlement'.

Rangers had claimed that these payments, which were reported to be close to £49m, were loans as opposed to wages and were not liable to tax.

The tribunal has now ruled that Her Majesty's Revenue and Customs assessment of what became known as 'the big tax case' should be 'reduced substantially' with only some payments subject to tax.

In a statement, it said: "It was conceded that advances in favour of certain players are taxable and liable to NIC (National Insurance Contributions), and 35 we have found that, in certain other limited instances, there may be a similar liability.

"To that extent the assessments should stand. In these circumstances we expect that it is sufficient that we allow the appeal in principle.

"Parties can no doubt settle the sums due for the limited number of cases mentioned without further reference to the tribunal."

Murray International Holdings, who were majority shareholders of the oldco Rangers until Craig Whyte took over in May of last year, backed the findings of the tribunal.

In a statement, they said "We are satisfied that the Tax Tribunal has now published its widely awaited decision and note the contents thereof.

"We are pleased with the judgement which leaves minimal tax liability and overwhelmingly supports the views collectively and consistently held by our advisers, legal counsel and MIH itself."

The decision does not affect the current football club at Ibrox, which was

reconstituted as a new company when the oldco Rangers was consigned to liquidation in June.

HMRC confirmed it is considering appealing against the decision: "We are disappointed that we have lost this stage of the court process and we are considering an appeal.

"The decision was not unanimous and the diligence of HMRC investigators was acknowledged by the whole tribunal.

"HMRC is committed to tackling avoidance and it is right that we challenge the type of avoidance seen in this case."

Rangers chief executive Charles Green believes the verdict "undermines the validity" of an SPL investigation into alleged undisclosed payments to players.

A statement from Green read: "The judgment serves to further undermine the

validity of the commission into the use of EBTs.

"As we have said all along the SPL decision to press ahead with a commission

was ill-timed and fundamentally misconceived."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

W

ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

mumbo_jimbo
Van Gaal: Luck is key

I

believe this is because for sepp Christmas is a 7 day feast finishing on the 25th

hiya
Blatter calls for early final

F

alcao really needs to shine now. Apparently according to the stats, he scores more when played up front alone. I wonder if Van Gaal will actually apply a formation to get the best out of him though.

anthracyte
Van Persie lay-off expected

Footer 365

Ronny Deila refuses to think of title after Celtic beat Aberdeen to extend lead

Ronny Deila warned against complacency after Celtic moved six points clear at the top of the Scottish Premiership table.

Wes Brown red card against Manchester United appealed by Sunderland

Sunderland have announced they will appeal against the red card shown to Wes Brown at Manchester United on Saturday.

Glenn Murray hails Alan Pardew as spark of Crystal Palace turnaround

Glenn Murray has paid tribute to Alan Pardew for engineering his rebirth as a Crystal Palace player.

Mail Box

Are Tottenham Right To Redevelop?

It's a really good Friday afternoon Mailbox, with thoughts on Spurs' ground development, the Europa league (leave it alone) and one man running for a very good cause...

Rodgers Is More Of A Paisley Than A Rafa

Most Liverpool fans in the Mailbox are claiming to be pleased to see the back of the Europa League. Plus merging the Europa and Champions League, and winter WC...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company