• Text size      
  • Send this article to a friend
  • Print this article

Let HMRC chase the multinationals

IAIN AD Mann considers employee benefit trusts (EBTs) "a serious abuse of the UK tax system".

In some cases, the way that these EBTs are administered would seem to uphold this view, though in the Rangers case it has been found that the scheme was run correctly, albeit HMRC are to appeal.

The Rangers case was indeed a test case and HMRC has much bigger football fish to fry south of the Border, not to mention large companies outwith football.

There is to my mind nothing bizarre in the reasoning of one of the judges to find in favour of Rangers by saying that none of the loans had ever been repaid, as this is one major test of the EBT validity.

Perhaps rather than appealing the Rangers decision, HMRC would be better rewarded by lobbying this dysfunctional Coalition Government to tighten the law on multinationals that allows them to reduce their corporation tax payments to a fraction of what they should be paying.

Now that is a serious abuse of the UK tax system.

James T Martin,

43 Thomson Drive,


Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.