HMRC has launched an appeal against a tax tribunal which found in favour of Rangers FC’s use of employee benefit trusts (EBTs).
The Revenue revealed its intentions to appeal the decision last December, when it started seeking leave to appeal.
Last year, the club won a case concerning its use of EBTs from 2001-2010, claiming the £49m in payments weren’t subject to tax as they weren’t wages.
Two out of three tribunal judges decided that only some of the payments were taxable, whereas many others could be seen as loans.
However, HMRC uphold that the scheme is illegal and the case will now be held at an upper tier tribunal.