Glasgow Rangers tax case: supreme court rules in favour of HMRC

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Source: the guardian.com

“Companies that paid staff via “contrived” employee benefit trusts have been urged to come forward, after HM Revenue & Customs scored a landmark victory in a tax avoidance case against the former incarnation of Rangers football club.”

“This decision has wide-ranging implications for other avoidance cases and we encourage anyone who’s tried to avoid tax on their earnings to now agree with us the tax owed,” said David Richardson, director general of HMRC’s customer compliance group.

“HMRC will always challenge contrived arrangements that try to deliver tax advantages never intended by parliament.”

Source article here

 

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