pete 2,511 Posted March 30, 2012 Share Posted March 30, 2012 We'll find out soon enough because the verdict on the EBT case is due within the next few weeks. Welcome to the forum btw! It feels they have been saying that for months. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 30, 2012 Share Posted March 30, 2012 It feels they have been saying that for months. It does indeed, but the pressure is now really on them to reveal the verdict ASAP. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 6,043 Posted March 30, 2012 Share Posted March 30, 2012 Hmrc have the power to look through any deals that have been done for tax avoidance. They would be perfectly within their rights to judge that selling Rangers for a pound was simply that ...a tax avoidance measure. They won't waste time going after Rangers ...if its decided that the use of ebt's was illegal tax avoidance I'm sure they will disregard the sale of the club and go after Murray int group. If it was tax avoidance then there's nothing HMRC can do about it. If the EBTs are illegal then they go after the company that should have paid the tax and it's holding company at that time. 0 Quote Link to post Share on other sites More sharing options...
54andcounting 0 Posted March 30, 2012 Share Posted March 30, 2012 When John Greig walked out the door I thought whit? Seems the dodgy dealings are coming home to roost.....Rangers have been run against the idea of the club. I fear what's coming next. 0 Quote Link to post Share on other sites More sharing options...
charltonman 19 Posted March 30, 2012 Share Posted March 30, 2012 If it was tax avoidance then there's nothing HMRC can do about it. If the EBTs are illegal then they go after the company that should have paid the tax and it's holding company at that time. I think we are agreeing here mate. If its tax mitigation , ie reducing the tax legally, then hmrc can't do anything. Tax avoidance they can act on. And then we both think the same thing ......Murray Int was responsible . It would then follow that selling rangers for a quid was done specifically to avoid a possible tax liability at MI. HMRC know there is no point in trying to get the cash from Rangers ...they'll just ignore us and go for MI. ( I hope ). If Lloyds Bank recommended the sale I'll bet you someone is shredding memo' s right now. 0 Quote Link to post Share on other sites More sharing options...
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