Menu
04/12/2012
HMRC Seek Right To Appeal Ranger Tribunal Ruling
HM Revenue and Customs is seeking permission to appeal against a tax tribunal ruling in favour of Rangers' use of Employee Benefit Trusts.
The club, which is now in liquidation, used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.
HMRC had challenged the payments, arguing that they were illegal.
However a a First Tier Tax Tribunal (FTT) ruled the scheme did not breach tax law.
In a majority decision, the tribunal said the payments - of about £49m - were loans, not earnings, and so were not liable for income tax.
HMRC now want to appeal the tribunal ruling.
(H)
The club, which is now in liquidation, used the scheme from 2001 to 2010 to make £47.65m in payments to players and staff in the form of tax-free loans.
HMRC had challenged the payments, arguing that they were illegal.
However a a First Tier Tax Tribunal (FTT) ruled the scheme did not breach tax law.
In a majority decision, the tribunal said the payments - of about £49m - were loans, not earnings, and so were not liable for income tax.
HMRC now want to appeal the tribunal ruling.
(H)
Related UK National News Stories
Click here for the latest headlines.
30 November 2010
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
24 June 2013
Serious Tax Evasions Hit Its Lowest Level
The number of cases of serious tax evasion identified by HM Revenue & Customs (HMRC) has hit its lowest level in the last five years, according to Pinsent Masons, the international law firm.
Serious Tax Evasions Hit Its Lowest Level
The number of cases of serious tax evasion identified by HM Revenue & Customs (HMRC) has hit its lowest level in the last five years, according to Pinsent Masons, the international law firm.
11 June 2012
GMC Establish New Doctor Tribunal Service
Doctors involved in fitness to practise hearings will now be referred to a new Medical Practitioners Tribunal Service (MPTS), established as part of government-led reforms. The MPTS will take over hearings from the General Medical Council, but will operate separately and impartially, being led by a judicial figure that is accountable to Parliament.
GMC Establish New Doctor Tribunal Service
Doctors involved in fitness to practise hearings will now be referred to a new Medical Practitioners Tribunal Service (MPTS), established as part of government-led reforms. The MPTS will take over hearings from the General Medical Council, but will operate separately and impartially, being led by a judicial figure that is accountable to Parliament.
09 September 2005
Alam loses FA employment tribunal case
Faria Alam, the former Football Association secretary, has lost a sexual harassment tribunal case against her employer. Ms Alam had alleged that she had been the victim of sexual harassment, unfair dismissal and breach of contract. Durng the tribunal Ms Alam had denied quitting her job at the FA to sell her story to the media.
Alam loses FA employment tribunal case
Faria Alam, the former Football Association secretary, has lost a sexual harassment tribunal case against her employer. Ms Alam had alleged that she had been the victim of sexual harassment, unfair dismissal and breach of contract. Durng the tribunal Ms Alam had denied quitting her job at the FA to sell her story to the media.
13 September 2004
CBI and TUC lock horns over 'vexatious' employment tribunals
More than two-thirds of businesses believe that the number of "weak or vexatious" employment tribunals brought against employers has increased in recent years, according to a CBI survey.
CBI and TUC lock horns over 'vexatious' employment tribunals
More than two-thirds of businesses believe that the number of "weak or vexatious" employment tribunals brought against employers has increased in recent years, according to a CBI survey.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
