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Channel 4 Now !!!


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We'll find out soon enough because the verdict on the EBT case is due within the next few weeks.

 

Welcome to the forum btw! :)

 

It feels they have been saying that for months.

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Hmrc have the power to look through any deals that have been done for tax avoidance. They would be perfectly within their rights to judge that selling Rangers for a pound was simply that ...a tax avoidance measure. They won't waste time going after Rangers ...if its decided that the use of ebt's was illegal tax avoidance I'm sure they will disregard the sale of the club and go after Murray int group.

If it was tax avoidance then there's nothing HMRC can do about it.

 

If the EBTs are illegal then they go after the company that should have paid the tax and it's holding company at that time.

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If it was tax avoidance then there's nothing HMRC can do about it.

 

If the EBTs are illegal then they go after the company that should have paid the tax and it's holding company at that time.

 

I think we are agreeing here mate. If its tax mitigation , ie reducing the tax legally, then hmrc can't do anything. Tax avoidance they can act on. And then we both think the same thing ......Murray Int was responsible . It would then follow that selling rangers for a quid was done specifically to avoid a possible tax liability at MI. HMRC know there is no point in trying to get the cash from Rangers ...they'll just ignore us and go for MI. ( I hope ). If Lloyds Bank recommended the sale I'll bet you someone is shredding memo' s right now.

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