Rangers have refused to co-operate with the Scottish Premier League inquiry into alleged undisclosed payments to players by a previous Ibrox regime.
The background of one of the liquidators appointed to deal with Rangers Football Club probably gives an indication of the thinking behind HMRC's approach to the issue.
It was over in nine minutes.
Duff and Phelps, administrators of Rangers Football Club, issued the following statement today
RANGERS' administrators were last night finalising details of a newco with Charles Green after all parties conceded hope of a creditors' voluntary agreement was now gone following the refusal by HMRC to back it.