Court of Session rules in favour of HMRC + Rangers Issue Statement

[Waltersgotstyle 307]

A section from the Lord Nimmo ruling:

 

"The SPL presented no argument to challenge the decision of the majority of the Tax Tribunal and Mr McKenzie stated expressly that for all purposes of this Commission’s Inquiry and Determination the SPL accepted that decision as it stood, without regard to any possible appeal by HMRC. Accordingly we proceed on the basis that the EBT arrangements were lawful. What we are concerned with is the fact that the side-letters issued to the Specified Players, in the course of the operation of the EBT scheme, were not disclosed to the SPL and the SFA as required by their respective Rules."

[Bearman 9]

Oh no...here we go again...

 

 

Analysis by Chris McLaughlin, BBC Scotland sports reporter

 

Today's court ruling will have no financial impact on Rangers, but questions will be asked about the possibility that the club gained an unfair sporting advantage during the years in question.

Lord Drummond Young himself said in his ruling that if the club hadn't operated the EBT scheme, some players "might well have taken their services elsewhere".

Through liquidation, the "newco" washed its hands of the debt, but it was adamant that the footballing history would remain.

Rangers won a total five league titles between 2001 and 2010. We now have the strange situation whereby some of that history may well have benefited from the sins of the "oldco".

If the Murray Group do not pursue an appeal and the ruling stands, it will be an un-easy part of Rangers' history, to say the very least.

[Frankie 8,665]

A section from the Lord Nimmo ruling:

 

"The SPL presented no argument to challenge the decision of the majority of the Tax Tribunal and Mr McKenzie stated expressly that for all purposes of this Commission’s Inquiry and Determination the SPL accepted that decision as it stood, without regard to any possible appeal by HMRC. Accordingly we proceed on the basis that the EBT arrangements were lawful. What we are concerned with is the fact that the side-letters issued to the Specified Players, in the course of the operation of the EBT scheme, were not disclosed to the SPL and the SFA as required by their respective Rules."

 

Which seems fine until Celtic Peter phones SFA Peter and asks when a new commission can be formed.

[Little General 80]

that's a scandalous piece of journalism from Skeletor

[limeburner 0]

Which seems fine until Celtic Peter phones SFA Peter and asks when a new commission can be formed.

Let them get on with it then.It will be a cold day in hell before i give a feck what celtic/sfa peter does.

[Frankie 8,665]

Let them get on with it then.It will be a cold day in hell before i give a feck what celtic/sfa peter does.

 

Well, Grant Russell at STV feels the commission cannot be reformed as the issue in question was dealt with at the time and the scheme has not been considered illegal.

 

I'm not so sure some agitators will let the matter rest but we'll see.

[SteveC 150]

Well, Grant Russell at STV feels the commission cannot be reformed as the issue in question was dealt with at the time and the scheme has not been considered illegal.

 

I'm not so sure some agitators will let the matter rest but we'll see.

 

 

There is zero chance of them letting it rest

[forlanssister 3,114]

Well, Grant Russell at STV feels the commission cannot be reformed as the issue in question was dealt with at the time and the scheme has not been considered illegal.

 

I'm not so sure some agitators will let the matter rest but we'll see.

 

Oh I'm sure we'll see a concerted campaign (looks like it's already in motion!).

 

Found this nugget interesting....

 

Grant Russell ‏@STVGrant 2h2 hours ago

 

Interesting point of note from Big Tax Case verdict. Murray's four companies didn't oppose the appeal. Only BDO, for Rangers oldco, did.

[limeburner 0]

There is zero chance of them letting it rest

We have zero chance of influencing them, let them do what they think they have to do,i repeat FUCK THEM.

[Frankie 8,665]

Oh I'm sure we'll see a concerted campaign (looks like it's already in motion!).

 

Found this nugget interesting....

 

Yep, which does suggest they may wish to pursue it further.

 

Surprised we've had no further comment from the relevant parties yet but that should arrive soon enough. Seven days to make up their mind on that?