Monthly Archives: July 2014

HMRC lose in Rangers tax case

  HM Revenue and Customs has lost its appeal over Rangers’ use of Employee Benefit Trusts (EBTs).   HMRC argued that the payments made to players and other employees should be taxable as earnings and on that basis HMRC were due £46.2m in unpaid PAYE/NIC.  However the Murray Group, which previously owned Rangers, […]

Posted in Tax

Landlords, get ready……….

  As you may know, HMRC launched a let property campaign (LPC), earlier this year, to encourage buy-to-let landlords to disclose undeclared rental income. We understand that HMRC has now started to send letters to some 30,000 individual property owners where HMRC hold evidence suggesting those property owners have undeclared rental income. In terms of the […]