FOOTBALL expert with accountancy giants Ernst & Young, Neil Patey, says HMRC may be trying to use Rangers as a test case.
He said: "While every tax investigation deals with different circumstances, there is a general campaign against the way that EBTs have been used by football clubs and companies in general.
"A successful appeal could obviously strengthen their negotiation position in some other cases."
He said HMRC will struggle to get even a small proportion of what they claim they are owed even if they win the appeal.
It He said: "It is difficult to see a scenario where they will get much more money.
"If they did win the case, they could in theory go after some of the beneficiaries of the EBTs, for the PAYE and National Insurance that become payable but that would be problematic.
"They'd be going after individuals, ex-players, some of whom are no longer in the country.
"It is not a likely course of action but it cannot be ruled out."
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|Publication:||Daily Record (Glasgow, Scotland)|
|Date:||Dec 5, 2012|
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