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HMRC appeals Rangers win

THE decision by HMRC to appeal a tax tribunal judgment that found in the favour of the former Rangers Football Club has been described as an "inglorious hat-trick" by those close to the old Ibrox outfit.

Last month, oldco Rangers won its case against a bill from HMRC over its use of Employee Benefit Trusts (EBTs) to pay players and key club figures between 2001 and 2010.

The oldco successfully argued the payments, thought to amount to almost £49 million, were made in the form of a loan and not subject to tax.

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