HMRC investigation into Rangers FC kicks off
HMRC’s investigation into Rangers Football Club got underway again in Edinburgh this week with an unpaid tax bill of £24m in question.
The First-tier Tribunal resumed at a tax chamber in Edinburgh and a final decision is now expected within the next six weeks.
Murray Group’s Employment Benefit Trust (EBT), which operated at Ibrox between 2001 and 2010, is being scrutinised. EBTs have been used by some football clubs to boost players’ salaries without losing high percentages of income tax to the Revenue.