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Rangers - HMRC Blamed For Tax Blunder

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A multimillion-pound blunder by the tax authorities is being blamed for the financial implosion that wrecked Rangers Football Club and sent shockwaves through the sporting world.

Up to £50 million is set to be wiped off the tax bill owed by the Ibrox club’s old operating company after HM Revenue & Customs acknowledged it had claimed for too much, The Times can reveal.

Accountancy sources now believe the outstanding bill for using an offshore trust to pay Rangers players and staff is likely to stand at the far more affordable figure of £20 million. That is equivalent to £2 million annually for the 2001 to 2010 period the tax avoidance scheme was in place.

 

https://www.dailyrecord.co.uk/sport/football/football-news/completely-utterly-unacceptable-rangers-legend-20878756.amp

 

Can’t wait for the Fallout from this. Imagine the potential lost earnings for not just the club, but all the individuals involved from this mistake.

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Also, it was never a blunder. It was to set an example to anyone else doing the same thing. I think Liverpool and Arsenal were doing it too at the time we were.

Sure the company wasn't paying the tax when they should have although the tax that we should have been paying was way more manageable than the tax we got hit with.

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10 minutes ago, The Artful Dodger said:

Tax avoiders got their comeuppance, doesn't happen often enough.

Yup, just like Hull legend Dean Windass. Except, I'm guessing he wasn't asked to pay £30m more than he should have.

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1 hour ago, Rab said:

Yup, just like Hull legend Dean Windass. Except, I'm guessing he wasn't asked to pay £30m more than he should have.

Why would you think that would upset me? Good, if he avoids tax he deserves everything he gets.

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4 minutes ago, The Artful Dodger said:

Why would you think that would upset me? Good, if he avoids tax he deserves everything he gets.

It was never an intention to upset. The difference in the point being he probably paid the amount that he should have paid and we were forced to pay £30m more.

Which is the point of this thread.

Edited.

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