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HMRC claims final victory in Rangers EBT case

06 Jul 2017

HMRC has won the seven-year legal battle over the use of employee benefit trusts (EBTs) as a means of paying players and staff at Rangers football club, with the Supreme Court ruling that the payments should be classed as ‘earnings’ rather than loans, which are therefore taxable under PAYE. The Supreme Court stressed the importance of taking a purposive approach to payments made to third parties.  The case is likely to have ramifications for those companies who still have open enquiries from HMRC about the many EBTs which operated in a similar way.

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