[Trusevich]

Richard Wilson @RichwilBBC

BDO have submitted their appeal against Court of Session's ruling on Rangers' use of EBTs. They are seeking leave to appeal at Supreme Court

https://twitter.com/RichwilBBC/status/67...8084150272

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BDO seek to appeal Rangers tax case decision over use of EBTs

Rangers' liquidators BDO are seeking leave to appeal a decision that the club's use of Employee Benefit Trusts (EBTs) broke tax rules.

Rangers used the scheme from 2001 until 2010 to give millions of pounds of tax-free loans to players and other staff.

HM Revenue and Customs maintains these were salary payments and subject to tax

HMRC lost two tax tribunals before winning its case at the Court of Session earlier this month. Any appeal will be heard by the Supreme Court.

Announcing its decision, BDO said: "Following discussions with the company's legal advisers and the liquidation committee, the joint liquidators have filed an application seeking leave to appeal the Inner House of the Court of Session decision in respect of the EBT case.

"If the company successfully obtains leave to appeal, the appeal will be heard in the Supreme Court in London.

"The joint liquidators are not in a position at this stage to make any further comment in respect of the appeal."

http://www.bbc.co.uk/news/uk-scotland-gl...t-34964491