HMRC wins 'big tax case' against Rangers FC over use of EBTs

A scheme involving payments to various employee benefits trusts (EBTs) amounted to "a mere redirection of earnings" and was therefore "subject to income tax", three judges at the Court of Session in Edinburgh ruled on 4 November. The Lord Justice Clerk Lord Carloway, Lord Menzies, and Lord Drummond Young heard that, between 2001 and 2009, the football club entered into a series of transactions as part of a scheme designed to avoid the payment of income tax and national insurance contributions. HMRC claimed these were salary payments and subject to tax. It lost appeals at tax tribun...