50m in loans to stars and staff 'to avoid tax' Rangers paid The seven year old saga known as the Big Tax Case is being heard at the Supreme Court in London after oldco Rangers administrators BDO appealed an earlier court ruling in favour of the taxman.
06:00, 16 MAR 2017The Big Tax Case is being heard at the Supreme Court Get daily updates directly to your inbox+ SubscribeThank you for subscribing! Could not subscribe, try again laterInvalid Email Nearly was paid to Rangers' star players and senior staff through trusts just to avoid tax, the UK's highest court heard yesterday. BDO, administrators for Rangers oldco, are appealing against a ruling that in "loans" made through employee benefit trusts (EBT) were really disguised salary coach outlet purses 70% payments. The seven year old saga known as the Big Tax Case is being heard at the Supreme Court in coach outlet coupons for december 2016 London after BDO appealed an earlier court ruling in favour of the taxman. 'A losing bet': Ex bookie loses court appeal over Rangers relegation wager Legal arguments in the case are expected to conclude today, but the court's ruling may not be revealed for several months. HM Revenue coach outlet jersey gardens and Customs won an appeal at the Court of Session in Edinburgh in November 2015 over the now outlawed EBTs. The Scots judges ruled that any income from employees' services is classed as earnings and subject to income tax. HMRC had previously lost two tribunals before the successful appeal. The trusts benefited 80 players and staff at the Ibrox club between 2001 and 2010. Among the EBT beneficiaries were former captain Barry Ferguson, who may be liable to repay of Dutch legend Ronald de Boer, who may be coach outlet sale rack on the hook for around of and ex manager Alex McLeish, who may be hit with a demand for of Rangers made Celtic look ordinary and you can forget Invincibles tag as Bhoys are more Unconvincibles Hotline He added: "There are two candidates in this case. The first is that the payment to the principal trust were payments of wages and they were paid to the principal trust trustees to avoid tax. No other reason, that was the reward." Ghosh said the "other candidate is that the relevant reward was the hope of a loan" through the trust. The QC argued it did not matter where a payment was made "if that payment is made as a reward for my work done". Andrew Thornhill QC, representing BDO, said the issue was "what might be called a reduction of earnings". He added: "We submit you cannot reduce that to which you have no right.
" He explained the judges in November 2015 erred in law by finding you can have a reduction of earnings "even where there is no entitlement". Employees had "the possibility of being considered for a discretionary bonus", he argued, but "prior to the decision being made by the employer, there was no entitlement on their part". The case relates to Murray Group companies, including the liquidated company RFC 2012 plc, and does not affect the current Ibrox regime.
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