they avoided paying tax by using Employment Benefit Trusts

instead of paying wages.

In 2009 HMRC questioned the use of EBTs and then The finance Bill 2011 basically said these so called EBTs were illegal/cant be used. HMRC gave people a window to clear up the use of schemes. Rangers dont appear to have adhered to that.

Posted By: Tony Martin on February 13th 2012 at 17:41:46

Message Thread

So Rangers owe the revenue ?49m. How has this happened? (n/m) (Other Football) - tudders, Feb 13, 17:24:57
- We could ask how we racked up 25M in debt coming out of the PL....... (Other Football) - usacanary, Feb 13, 17:50:01
  - and you could answer thus, (Other Football) - tudders, Feb 13, 17:51:46
- they avoided paying tax by using Employment Benefit Trusts (Other Football) - Tony Martin, Feb 13, 17:41:46
  - I've used EBTs myself in the past when contracting, thought they were banned years ago. (Other Football) - tudders, Feb 13, 17:49:11
- Osmosis (n/m) (Other Football) - Ken Dodds Dads Dog, Feb 13, 17:36:20
- Many a mickle maks a muckle - probably the same for debt (n/m) (Other Football) - CB41, Feb 13, 17:29:43
  - ...... (Other Football) - pants, Feb 13, 17:37:42
  - Oh yeah, forgot about that. (n/m) (Other Football) - tudders, Feb 13, 17:32:40
- I think their new owner did rather a lot of speculating based on their mammothness (Other Football) - norway, Feb 13, 17:28:08
- they didn't pay? (n/m) (Other Football) - SCC 28, Feb 13, 17:25:35
  - Well yes, but you would think that the revenue would have some sort of risk and controls (Other Football) - tudders, Feb 13, 17:28:48
  - It wouldn't surprise me. (Other Football) - Rob NCFC, Feb 13, 17:27:27
  - also interesting to see the SPL going fucked on doomcaster's watch (n/m) (Other Football) - SCC 28, Feb 13, 17:26:44
- Important to get that tax return done on time I'd say. (n/m) (Other Football) - DrDublin, Feb 13, 17:25:34

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