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Big Rangers Administration/Liquidation Thread - All chat here!


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James Cook @BBCJamesCook HMRC say they will seek permission to appeal the so-called "big tax case" decision which went n favour of Rangers Football Club.

Yasss!!!! :lol: :lol: Up the sevco they thought they've won but they are wrong yet again. :D

HMRC to 'seek permission' to appeal Rangers tax tribunal verdict

Edited by Bairnforever1992
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HMRC to appeal against ruling in Rangers 'Big Tax Case'

HM Revenue and Customs has said it will seek permission to appeal against a tax tribunal ruling in favour of Rangers' use of Employee Benefit Trusts.

The club, which is now in liquidation, used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.

HMRC had challenged the payments, arguing that they were illegal.

Rangers disputed the bill and a First Tier Tax Tribunal (FTT) ruled the scheme did not breach tax law.

In a majority decision, the tribunal said the payments - of about £49m - were loans, not earnings, and so were not liable for income tax.

The old Rangers was under the control of Sir David Murray when it began using EBTs.

He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.

The FTT, before three judges, concluded in January, one month before the old Rangers, now under the control of Mr Whyte, was forced into administration by HMRC over non-payment of tax totalling about £14m.

HMRC subsequently rejected proposals for a creditors agreement that would have allowed the old club to continue.

Administrators Duff and Phelps then negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club, now playing in the Scottish Football League Third Division.

Even the BBC stated it's a new club, end game for new Rangers.

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More public money being wasted by HMRC, won't somebody think of the hospitals?

Even if they win, there's nothing for them to get back from oldco, seems like a vindictive action.

Part one is likely true, although I would've thought they might be able to pursue the "loans" from the people who benefitted, no?

Part two sounds daft to me, though - there's the small matter of David Murray and all of his confederates, who HMRC clearly believe are due a holiday at Her Majesty's pleasure. A very long holiday indeed, perhaps at the Bar L, pour encourager les autres.

All of which is would be well within HMRC's duty to the taxpayer, I imagine. They are supposed to tackle actual, criminal activity, aren't they?

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BBC again recognise we are the same club

http://www.bbc.co.uk...otball/20581618

Rangers face the side who knocked them out of last season's tournament days before the Glasgow club went into administration.

It is the first time Rangers will have faced top-flight opposition in this tournament since becoming a Third Division club.

They defeated Motherwell in the Scottish Communities League Cup in their first meeting with SPL opposition this season before losing to Caley Thistle.

And yet, on another page......HMRC to appeal against ruling in Rangers 'Big Tax Case'

The old Rangers was under the control of Sir David Murray when it began using EBTs.

He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.

The FTT, before three judges, concluded in January, one month before the old Rangers, now under the control of Mr Whyte, was forced into administration by HMRC over non-payment of tax totalling about £14m.

HMRC subsequently rejected proposals for a creditors agreement that would have allowed the old club to continue.

Administrators Duff and Phelps then negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club, now playing in the Scottish Football League Third Division.

Hope that helps.

ETA: Beaten to it by Bairnforever....

Edited by AES
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Surely some mistake here, maybe a clerical error? :o

http://www.iffhs.de/...c2bbb6f28f53512

Seems to be missing one of the world's biggest teams/clubs/institutions :lol:

The amigos/FFers/Ragersmedias should get on the case right away

WTF is that? laugh.giflaugh.gif

Universidad of Chile ranked above Real Madrid?

laugh.giflaugh.gif

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1354629238[/url]' post='6864434']

HMRC to appeal against ruling in Rangers 'Big Tax Case'

HM Revenue and Customs has said it will seek permission to appeal against a tax tribunal ruling in favour of Rangers' use of Employee Benefit Trusts.

The club, which is now in liquidation, used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.

HMRC had challenged the payments, arguing that they were illegal.

Rangers disputed the bill and a First Tier Tax Tribunal (FTT) ruled the scheme did not breach tax law.

In a majority decision, the tribunal said the payments - of about £49m - were loans, not earnings, and so were not liable for income tax.

The old Rangers was under the control of Sir David Murray when it began using EBTs.

He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.

The FTT, before three judges, concluded in January, one month before the old Rangers, now under the control of Mr Whyte, was forced into administration by HMRC over non-payment of tax totalling about £14m.

HMRC subsequently rejected proposals for a creditors agreement that would have allowed the old club to continue.

Administrators Duff and Phelps then negotiated a sale of assets to a consortium led by Charles Green for £5.5m.

He has since formed a new club, now playing in the Scottish Football League Third Division.

Even the BBC stated it's a new club, end game for new Rangers.

Has someone told traynor yet after all he was disgusted that some jurnos didn't accept the descision .

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