Date: 16th November 2019 at 10:41am
Written by:

HMRC has hit out at a Daily Record story claiming that the tax bill owed by former Rangers stars had been cut by £70m.

Following Thursday’s Fake News story in The Times about a £50m miscalculation the Record decided to take things a few steps further on Friday.

Barry Ferguson, Kris Boyd, Neil McCann, Steven Thompson and Alex Rae are among the former players facing massive bills as National Insurance, Income Tax and interest is charged on the offshore trusts that they signed up for more than a decade ago.

All of those players had side letters from the club confirming that the club would pick up any tax liability but their claim about the same club will fall on deaf ears if they take their tax bills to Mr King.

HMRC have turned to twitter to correct the Fake News in The Times, now The Sun has spoked to them about the Record’s £70m reduction story.

The Sun reports:

An HMRC spokesperson said: “This story is not true. Our approach has not changed. Individuals involved in tax avoidance relating to Employee Benefit Trusts are treated on a case by case basis.”

SunSport understands former stars haven’t received any notification that their liabilities have been reduced.

Many former Ibrox players have been left baffled by the suggestion their debts have been reduced. And a source close to the situation described the story as “total nonsense from start to finish”.

Last night the club from Ibrox told The Sun that they were considering their course of action on the back of the Fake News in The Times.