HMRC is helpful enough to publish how it deals with CVA's.
It doesn't look good for Mr Whyte and Rangers in light of that.
Of course his highly paid insolvency advisers and the MSP's, together with Lord Sugar, might persuade the tax man to go against his stated policies...or maybe not.
http://scotslawthoughts.wordpress.com/2012/02/13/rangers-administration-cva-nae-chance/