THE tax man has lodged an appeal against a ruling that found in favour of Rangers' use of controversial Employee Benefit Trusts (EBTs).
THE tax man has lodged an appeal against a ruling that found in favour of Rangers' use of controversial Employee Benefit Trusts (EBTs).
Custom byline text:
MARTIN WILLIAMS
The Ibrox club argued the payments, thought to be close to £49 million, had been loans rather than wages and therefore not subject to tax.
It comes three months after a First Tier Tax Tribunal found in Rangers' favour in the so-called "big tax case". It stated the "controversial monies received by the employees were not paid to them as their absolute entitlement".
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 then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
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.
