The long awaited judgement of the First Tier Tax Tribunal has been given and will be made public within a fortnight.
News of the development was confirmed last night from the highly respected Rangers Tax Case website who have been on the front foot throughout the long running saga despite being derided by many.
While the RTC website has evolved into Scottish Football Monitor the twitter account has become very engaging with regular exchanges over the last month.
Responding to a messageboard claim that the decision had been relayed to both parties RTC tweeted: “I can confirm that this is true. FTT decision is in the hands of MIH/D&P and HMRC.”
RTC added: “FTT decision was signed off at the end of September on schedule and was with both MIH & HMRC yesterday.
“Formal release will be within 1-2 weeks at most. Expect leaks & spin before then.”
Tellingly, asked about the likely outcome of the verdict RTC tweeted: “Let’s put it this way, if they had won it would have been on the Friday night news.”
Other than RTC only the BBC have delved into the story in any significant detail with Mark Daly’s programme The Men Who Sold The Jerseys which was broadcast in May.
The programme claimed to have seen side-letters for a number of players explaining how their EBT payments would be made over the course of their contracts.
That issue was at the heart of the tax tribunal with Rangers claiming that payments were made on a discretionary basis while HMRC contested that they were contractual and liable to full tax.
David Murray, Alex McLeish, Dick Advicaat and Graeme Souness were all listed amongst those who had received EBT payments as well as BBC pundits Billy Dodds and Steven Thompson from their playing days at Ibrox.
If the big tax case has gone against Rangers HMRC will be able to persue club directors for the liability putting public figures such as SFA President Campbell Ogilvie in the spotlight.
It remains to be seen how a verdict in favour of HMRC will effect Sevco who apparently bought the land assets of Rangers for £5.5m with Charles Green admitting this week that an independent audit valued the club at £80m.
CLICK HERE for Charles Green’s £75m profit
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Oh dear totally unexpected, I wonder who the Scottish media will blame probably some English porn producer is my guess.
The only thing missing from this whole sorry drama is for Craig Whyte to be found out as the long lost cousin of Jimmy Savile.
Who mentioned porn
did you watch the Mark Daly programme, the tax consultant who consulted Rangers was involved in porn!
Sir David employed a ‘pornographer-lawyer-tax genius’ to advice him on his EBT schemes. So it wasn’t in the least bit dodgy.
Are our friends in the SFA and over in Zombieland hoping that no one will notice?
i think we know the verdict,the only thing that has still to come out is on what scale was the tax evasion? was it an admin error(83 times)or has lance armstrong got competition as the cheat of the century!!!
I can’t help feel the verdict is “not proven” just like the guy everyone in the world saw attack Neil Lennon. This case didn’t take this long for nothing. They have been looking for ways to hide it all.
Think you might be wrong Joe, it does take time to go through the amount of documents that are involved.
Now the shame are shut lets shut the new shame.
Well it explains the moonbeams from Charles Green yesterday about Mike Ashley.
Why the long delay in announcing the decision ?
FTT had finalised it at the end of Sept…now we have to wait another 2 weeks.
Not that it matters much, Rangers are dead and Sevco won’t pay up despite claiming to be the same club.
Time now for the Lord Hodge / SFA to come out with the result of the improper registrations and the action to be taken.
It isn’t going to happen
Is this Joe that writes the articles speaking, or another Joe?
HHHMMMMM,oh dear how sad never mind!!!!!The Ratpack,Hackpack,+ Meeja Eejit,Msm,Fellow travellers…….Who call themselves Jurnos,will just hide behind libel laws,and yelp (we cudnae say onything….wur hons wur tied)……an advert during commercial breaks can put out a disclaimer in 10secs……Why not them?????? I dont mind a guy if he supports THEM…….What i do object too is a jurno who is totally bias telling me he is impartial
If I’m not mistaken Chris MacLaughlin let slip that the decision had gone against Rangers in his interview with Craig Whyte, and Whyte didn’t contest it.
Maybe that’s why wee Craigy, the motherwell billionaire, dared to show his face again. The big tax case going against the dead ones proves that the liquidation isn’t all down to him: Sir Minty played a blinder as well.
xmas has came early…
Victory will be in the laughter of our children!
Graffiti on the wall as the sun was going down..
Does that mean they are actually gone now, “FREE , FREE AT LAST” sorry lost it a bit there , HH