HMRC defeats Rangers FC over use of EBTs

Use of EBTs amounted to 'redirection of earnings' and therefore subject to tax, court decrees

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HM Revenue & Customs (HMRC) has won an appeal ruling that a tax avoidance scheme used by Rangers FC to help pay its executives and footballers was illegal.

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 i...

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