Rangers finally hand over EBT documents to SPL

The SPL have announced that they have now received documentation from Rangers into their EBT enquiry.

News of the tax enquiry has been public knowledge for almost two years but after asking clubs in March to declare any addition payments made to players Rangers have finally provided the SPL with documentation.

All player contracts should be registered with the SPL and SFA which should make the issue fairly cut and dried especially after former Rangers owner David Murray admitted to Sky that discretionary payments were made to players for over a decade.

The way that the Employee Benefit Trust was administered is the key to the big tax case that could see Rangers hit with a liability of over £50m.

HMRC believe that the payments were contractual while Rangers argue that it was bonus payments made on a discretionary basis. Whatever way they were paid every club is obliged by the SFA to register all payments made to players in the contracts sent to the football authorities.

Failure to do so could result in Rangers being charged with fielding ineligible players and open up another can of worms for the SPL and SFA to deal with.

Today’s SPL announcement said: “The SPL confirmed that Rangers FC had today provided documentation to the SPL in relation to the SPL’s investigation into EBT payments. The SPL’s legal team will now review and provide an update to the SPL Board at the next SPL Board meeting on 18 June.”

Both the SFA and SPL have a number of on-going issues with the running of Rangers with FIFA monitoring the crisis after a civil court ruling this week.

CLICK HERE for SFA and FIFA respond to Rangers court appeal

Follow Video Celts on Twitter, Facebook and YouTube