HMRC HAS HAULED Rangers FC into court over an estimated unpaid bill of £24m.
The club has been in talks with HM Revenue & Customs for several weeks as the Scottish side’s payment structures were investigated.
It is believed that, between 1993–2003, Rangers paid its players through an Employment Benefit Trust (EBT) rather than PAYE. The EBT allowed players to take advantage of lower corporation tax requirements compared to employment rates.
The tax tribunal in Edinburgh is expected to last six weeks.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
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