HMRC has agreed on a £56million settlement in the Rangers 'Big Tax' case. The agreement brings to an end the legal battle over the oldco's finances, which has lasted for nearly 11 years. The majority of the money owed relates to the controversial employee benefit trusts (EBT) scheme, which saw players and staff receiving payments. Nearly £49million was paid out to a host of employees, including Gers legends Craig Moore, Lorenzo Amoruso, Kris Boyd, Barry Ferguson, Graeme Souness, Alex Mcleish and Fernando Ricksen.
Sir David Murray, Stefan Klos, Marvin Andrews, Nacho Novo, Ronald de Boer, Steven Davis, Thomas Buffel, Zurab Khizanishvili and Tore Andre Flo were also among those to benefit from the scheme. A letter from BDO, dated Wednesday, December 7, 2022, and signed by liquidators James B Stephen and Malcolm Cohen reveals that, on December 10, 2021, the value of the claim was £64,514,000. But it says an agreement has now been reached to repay £56,000,000.
