Rangers liquidator BDO are set to appeal the decision that Rangers’ use of EBTs broke tax rules.
Earlier this month HMRC won an appeal in the Court of Session, ruling that the employee benefit schemes used between 2001 and 2010 at Ibrox should have been liable to tax.
in its decision, BDO said, “Following discussions with the company’s legal advisers and the liquidation committee, the joint liquidators have filed an application seeking leave to appeal the Inner House of the Court of Session decision in respect of the EBT case.”
if successful the appeal will be held in the Supreme Court in London.
so, what is the situation with the tax case?
HMRC’s first appeal was unsuccessful in 2012. This decision was subsequently upheld in 2014 before then being reversed last month.
In a landmark decision, the Court of Session held that if income was derived from an employee’s services, in their capacity as an employee, it was susceptible to income tax. The ruling led to calls for the club to be stripped of titles won in the years the EBT’s were used.
The decision is in relation to RFC 2012 company, and has no impact on the current owners at Ibrox.
With BDO set to appeal the third decision, it remains to be seen where the latest swing takes the ‘big tax case.’
