HMRC to Appeal Again !!

[Stimpy 0]

Stubborn bastards.

[der Berliner 3,743]

Snatched from FF:

 

Next steps are Court of Session, and finally the Supreme Court.

 

There's no guarantee they will be even granted leave to appeal. The grounds of appeal must have narrowed even further after the last hearing. The Judge will have done all he can to deliver a Judgment that is watertight.

 

... and ...

 

RFCSA London are getting members from the area that Margaret Hodge represents to ask her to look into this since she is head of the Public Accounts Comitee at the House of Commons.

[Tannochsidebear 2,405]

Actually in reading that statement from HMRC, if HMRC are only allowed to appeal the termination payments, and that those only relate to Murray (and family), then that is only the Murray Group employees that are being appealed, and not the RFC employees.

 

Am I reading that right?

[Tannochsidebear 2,405]

And another thing, is it purely coincidence that this is released the day after Ra Poops are stuffed out of the CL and their Directors are getting it tight from their fans, and they need something else to use as a distraction?

 

Paranoid, who me?

[der Berliner 3,743]

And another thing, is it purely coincidence that this is released the day after Ra Poops are stuffed out of the CL and their Directors are getting it tight from their fans, and they need something else to use as a distraction?

 

Paranoid, who me?

 

See post 9 ... you are not alone. Just in time for tonight's phone in's et al. If it was a one off, you'd think of a coincidence. We have the experience of years with this though ...

[Super Cooper 0]

A G E N D A

 

Scandalous that this is even being considered. Herr Reid better let go of this bone before he is found out for real.

[aweebluesoandso 290]

Actually in reading that statement from HMRC, if HMRC are only allowed to appeal the termination payments, and that those only relate to Murray (and family), then that is only the Murray Group employees that are being appealed, and not the RFC employees.

 

Am I reading that right?

 

Rereading Lord Doherty's judgement again, he does leave the door ajar for leave of appeal on the FTT/UTT' decisions as to regards Murray group employees and SDM's son. However the HMRC spokesman doesn't make it clear if it's a full appeal against the FTT/UTT or only against Murry group employees and Murray Jnr?

 

Edit. There could be some form of compromise here though, a trade of between parties, dropping the Rangers EBT's in favour of going after Murray group employees and son?

 

Not the first time that has happened.

[der Berliner 3,743]

The Daily Record has their source ... with some dig at HMRC, but feels need to babble ...

 

The saga goes back to “oldco Rangers” - a term used by some to describe the club before its sale and subsequent liquadation - using Employee Benefit Trusts (EBT).

 

The club wasn't liquidated, how hard is that to fathom?

 

HMRC seek leave to appeal result of the latest court verdict in the ongoing saga of the Rangers Big Tax Case

 

Aug 07, 2014 18:03 By Dailyrecord.co.uk

 

THE taxman lost their previous appeal last month but now hope to pursue the case at a higher court as they seek to overturn the ruling on Employee Benefit Trusts.

 

 

 

THE Taxman has launched an 11th-hour bid to appeal against losing the Rangers “Big Tax Case”.

 

On July 9 HM Revenue and Customs lost its original appeal against a tax tribunal ruling in favour of the Ibrox club.

 

But HMRC had a month to seek a review of that decision - and have now formerly sought permission from a court to do so.

 

A source close to the case - who wished to remain anonymous - said: “There is a sense of disbelief that the taxman has chosen to keep this going despite already losing this case twice - and being routed on the second occasion by a judge’s decision.

 

“Of course, they might not even be granted the right to appeal and that would lead to further embarrassment. But if they are successful then this circus will roll on.

 

“Once again the victims in all of this are the creditors who were stiffed when Rangers went under. It means they must wait even longer to get any kind of money back - and if HMRC were eventually to win the case then their share of that cash will be negatively affected.

 

“This latest attempt to appeal smacks of a waste of everyone’s time and of taxpayers' money.”

 

The saga goes back to “oldco Rangers” - a term used by some to describe the club before its sale and subsequent liquadation - using Employee Benefit Trusts (EBT).

 

Rangers began using the EBT scheme - which has been condemned by HMRC as a blatant tax avoidance ploy - while under the control of Sir David Murray. He sold the club for £1 to Scottish businessman Craig Whyte in 2011, while the tax liability was in dispute.

 

HMRC argued that payments made to players and other employees were taxable benefits but the Murray Group, which formerly owned Rangers, argued they were loans. The taxman argued the liability could be as much as £46.2m.

 

A first-tier tax tribunal found 2:1 in Murray Group’s favour in November 2012, and ruled the tax demands - about three-quarters of which referred to the liquidated club - be “reduced substantially”.

 

HMRC appealed that decision to an upper tier judge Lord Doherty, but in July this year he dismissed that appeal - although he referred several issues including termination and “guaranteed bonus” payments, back to the original panel.

 

Now the taxman has lodged a notice with the Court of Session formally requesting an appeal hearing take place to review Lord Doherty’s decision. A ruling will be made on whether the appeal can go ahead, and if so, the Rangers tax case saga will rumble on.

 

An HMRC spokesman said: “HMRC continues to believe that schemes using Employee Benefit Trusts to avoid tax do not work. We have applied for permission to appeal the case to the Court of Session.

 

“Around 700 users of EBT schemes have already settled with us resulting in around £800m of tax and National Insurance Contributions being paid. We expect more to settle in the near future. These are avoidance schemes and we will continue to tackle those who do not pay up.

 

“It is not right that a small minority can avoid paying what they owe while the vast majority pay the right tax on their earnings. This case represents an important principle.

 

“HMRC is proud of our record of winning around 80 per cent of cases that are taken to litigation by the taxpayer. We tackle avoidance wherever we see it and litigate where necessary to ensure schemes are defeated and the tax due is paid.”

 

The latest legal move will have no impact on the current Rangers regime which is attempting to raise fresh finance as it feels the financial squeeze imposed by a season ticket boycott by a section of the club's fans.

 

DR

 

The comments by the Yahoos are comedy gold, as per usual. Laudrup's, McCall's and Gascoigne's EBTs? All left 3 years before the first were set up ...

[Super Cooper 0]

It must eat them up inside knowing that we afforded 9IAR quite comfortably.

[RANGERRAB 3,653]

I get the distinct impression the Court of Session will knock them back.

Then all will be revealed who was really behind all of this although the names are known to most of us anyway I'd presume.

They need to keep this going to the very last to protect the identities of those involved for as long as possible

Edited August 7, 2014 by RANGERRAB