10 Aug 2011
HM REVENUE & CUSTOMS has been accused of leaking information by Rangers FC.
The football club is challenging a £2.8m tax liability that it believes is too high.
However, sources at Rangers FC said they are "dismayed" that HMRC staff have discussed the dispute with the media, the DailyRecord.co.uk reports.
A source told the publication: "We are dismayed to find HMRC apparently has people who are discussing the club's affairs with the media and we find this outrageous.
"We are appealing that liability and have been assured by HMRC that those negotiations will take their course."
Chairman Craig Whyte paid about £24m for the club and inherited its tax bill. However, he said further funds will become available to manager Ally McCoist later in the season.
Update:
A spokesman for the taxman said: "HMRC take taxpayer confidentiality extremely seriously, and cannot comment on the tax affairs of any business or individual due to our strict legal obligations."
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
Visitor comments Add your comment
£24m ???
It was widely reported in the press he paid £1 for the club the rest is debt that the controlling company he set up has taken on but not yet paid.
Never believe the Scottish press when they are reporting on Rangers!
Posted by: BudeBhoy, 10 Aug 2011 | 14:17
Dodgy Workers
Ok so the take taxpayer confidentiality extremely seriously, and cannot comment. Who told the Record then, It was not Glasgow Rangers. No mention of an enquiry what else is going to be leeked out it can only be at there end are they DAFT!!!!!!!!!!!!!!!! or does this fit there needs.
Posted by: Alastair Shanks, 10 Aug 2011 | 17:35
Confused...
Since I've seen this figure of 2.8 million I'm wondering what has happened to the stories in April of 50+ million tax bills etc?? Is there more to come?
PS funny how someone with the name BudeBhoy is slating the Scottish press eh??!!
Posted by: L Scott, 10 Aug 2011 | 17:38
Kerrydale accountants
Rangers and HMRC should step back and let the kerrydale accountants take over this dispute as they seem to know more about it than anyone else. mind you the way HMRC are leaking it wouldn't be surprising if a few kerrydale experts weren't within their ranks. what a turn up celtic fans taking the Queen's shilling
Posted by: alan gordon, 10 Aug 2011 | 18:28
Imagine
Imagine a comment like that from a bhoy haha, still paranoid I see.
Posted by: seamus, 11 Aug 2011 | 17:37
Tax Cases
Rangers currently have 2 ongoing tax cases. One relating to the £2.8 million in payments to former players in the early 2000s, and one relating to EBTs, which could be as much as £30 million.
Rangers are dismayed that a certain blogger residing in Ireland has knowledge regarding the tax cases, which they believe is preventing the club from seeking investment and is pushing down their credit rating. Reports today suggest that the club have made an official complaint, and have contacted the police regarding the leaks.
Personally, I hope they fight this. Leaks such as this could be very damaging to the club and this blogger must be taken down a few pegs.
Posted by: Paul, 13 Aug 2011 | 19:02