HMRC potentially pursuing Rangers FC Employees
Just read this on the BBC News.
I assume their Structure was different to GMs...???
Also, HMRC going back to 2001-2010.
If I recall correctly, the rules changed somewhat in 2010 and GM kept ahead of the game and within the operating guidelines.
Further more; if we continue to declare this current and the next “final” Profit Share Figures, and pay the relevant tax due on said figures - this must surely satisfy HMRC and put this matter to bed once and for all (with regards to GM Structure Members)???
“Former Rangers players and staff paid through an offshore trust have been told they have weeks to approach the taxman over a settlement or face an even bigger bill.
Last year the Supreme Court upheld a Court of Session ruling that £47m paid to Rangers employees between 2001-2010 was liable for tax.
Now beneficiaries of the Employee Benefit Trusts (EBTs), many of whom were led to believe these were loans that would never have to be repaid, are being warned to seek "urgent advice".
BBC Scotland has seen a letter sent earlier this month by Trident Trust, a Jersey-based company, which paints a stark picture.
The letter says: "HMRC has confirmed that it will seek to recover all income tax found by the Supreme Court to be due and that, where HMRC is unable to recover the tax from the employer, it may transfer the liability for unpaid tax...to employees or former employees."
Just read this on the BBC News.
I assume their Structure was different to GMs...???
Also, HMRC going back to 2001-2010.
If I recall correctly, the rules changed somewhat in 2010 and GM kept ahead of the game and within the operating guidelines.
Further more; if we continue to declare this current and the next “final” Profit Share Figures, and pay the relevant tax due on said figures - this must surely satisfy HMRC and put this matter to bed once and for all (with regards to GM Structure Members)???
“Former Rangers players and staff paid through an offshore trust have been told they have weeks to approach the taxman over a settlement or face an even bigger bill.
Last year the Supreme Court upheld a Court of Session ruling that £47m paid to Rangers employees between 2001-2010 was liable for tax.
Now beneficiaries of the Employee Benefit Trusts (EBTs), many of whom were led to believe these were loans that would never have to be repaid, are being warned to seek "urgent advice".
BBC Scotland has seen a letter sent earlier this month by Trident Trust, a Jersey-based company, which paints a stark picture.
The letter says: "HMRC has confirmed that it will seek to recover all income tax found by the Supreme Court to be due and that, where HMRC is unable to recover the tax from the employer, it may transfer the liability for unpaid tax...to employees or former employees."
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