Next Game

Dumbarton v Rangers

Saturday, 25 October 2014, 15:00

Scots Champ

Last Game

East Fife 0 - 2 Rangers

Tuesday, 21 October 2014, 19:45

Petrofac Training Cup Second Round

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

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

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.

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

I

heard them all talking on Sky last night about how Liverpool could not find a decent striker to buy and ended up panicking and buying Balotelli at the last minute. They all forgot Liverpool found Loic Remy and for some unfathomable reason rejected him at the last minute due to some mysterious medical issue. Liverpool's loss is Chelsea's gain.

Glenbrook
Carragher: Balo off next season

F

ergie, aren't you supposed to make a beep beep noise when backing up like that?

simonthfc
Ferguson: Club made Moyes decision

S

ome of these are quality! Why you no like him F365?? :(

left right out
The, Erm, 'Best' Of Henry James Redknapp

Footer 365

Carragher: Balotelli will leave Liverpool next season

Jamie Carragher does not believe Mario Balotelli will remain with the club next season.

Champions League: Liverpool boss Brendan Rodgers rues defensive mistakes in Real Madrid defeat

Brendan Rodgers says he could have asked for no more from his side after seeing them taken apart by Real Madrid.

Champions League: Real Madrid ease past Liverpool with 3-0 win at Anfield

Real Madrid produced a first-half masterclass as they overpowered Liverpool 3-0 in the Champions League at Anfield.

Mail Box

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

City: Like A Deer Caught In The Headlights

...while Chelsea just live for Champions League nights. That's one view in a mailbox that also includes several happy football fans and looks forward to Michael Carrick's return...

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