Rangers FC's funds ring-fenced for tax bill
HMRC issues arrestment order on Rangers' accounts for £2.8m bill
THE TAXMAN has enforced an arrestment order to ring-fence funds in accounts held by Rangers FC.
The court orders instruct financial institutions to ring-fence money owed to a third party. HM Revenue & Customs’ order is thought to be worth upwards of £1m and relates to a £2.8m bill facing the football club, the BBC reports.
A Rangers source had indicated that a six-figure sum had already been paid but the club disputed the total demanded by HMRC.