Disgraced Whyte may get 5m from BDO payout - says Herald

[BrahimHemdani 1]

If Rangers genuinely believed on the basis of advice at the time and subsequently, that no tax was due and the matter has only just now been decided by the courts, I understand why interest would be due, though I am less sure that the statutory rate would apply; but I don't understand why a penalty would be due as well? Surely a penalty (and interest at the statutory rate) would only be due if you withheld payment of tax agreed to be due or tax that a court decided was due?

[craig 5,199]

If Rangers genuinely believed on the basis of advice at the time and subsequently, that no tax was due and the matter has only just now been decided by the courts, I understand why interest would be due, though I am less sure that the statutory rate would apply; but I don't understand why a penalty would be due as well? Surely a penalty (and interest at the statutory rate) would only be due if you withheld payment of tax agreed to be due or tax that a court decided was due?

 

The court did decide the tax was due, no ?