Date: 15th April 2019 at 8:59am
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Some former Rangers players have missed a deadline to agree a deal with HMRC regarding Employee Benefit Trusts (EBTs), potentially now facing multi-million pound bills, as reported by The Daily Record.

The paper say that while some ex-Ibrox stars did sort out their issues with the tax authority, others now face any outstanding amount being lumped into an end of year income tax bill.

A Record source close to the EBT investigation said: “Some former players were quick to agree a deal with the taxman who has been very fair in sorting out repayment plans. But others involved in the EBT scheme believe it’s the club who are to blame for this and are reluctant to pay the tax.”

A Supreme Court ruling in July 2017 said EBT payments were not loans but earnings that should have been taxed, hitting the pocket of many icons of Ibrox who brought enormous success to the club in the late 90s and 00s.

The paper say that former club owner David Murray, whose regime at the club introduced the controversial tax avoidance scheme, faces an estimated liability of more than £3million.

 

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