close

Practice

Business

Technology

Regulation

Resources

Rankings

Accountancy Age – Content Calendar 2024

Advertise With Us

    Information

    Rangers FC warned of sanctions for unpaid tax

    Rangers FC warned of sanctions for unpaid tax

    HMRC officials visit Scottish football club over £2.8m tax bill

    Author Date published September 2, 2011 Categories

    SCOTTISH football club Rangers FC was once again visited by HM Revenue & Customs officials regarding its £2.8m tax bill.

    HMRC representatives informed the club of possible sanctions if the bill was not settled, including freezing the club’s assets. Rangers FC is contesting a fine, which was imposed on top of the amount owed, the Scotsman reports.

    The club is still involved in disputes regarding the use of Employee Benefits Trusts, which have since been targeted by disguised remuneration legislation.
    “The club is raging that it is being put in a position to explain tax business in public because of leaks from HMRC,” said a club source.

    Share

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Subscribe to get your daily business insights

    More about:

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    11m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    11m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    4y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    12m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Dave Chaplin: ‘IR35 is a growth issue for the Tories’
    Budget

    Dave Chaplin: ‘IR35 is a growth issue for the Tories’

    2y Sam Alberti

    Dave Chaplin: ‘IR35 is a growth issue for the Tori...

    As the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...

    View article
    CTCs herald new era of control for tax authorities
    Corporate Tax

    CTCs herald new era of control for tax authorities

    5y Tom Lemmon

    CTCs herald new era of control for tax authorities

    Stricter controls on VAT compliance is set to shut down the “colossal” VAT tax gap. Read More...

    View article
    R&D tax relief claims are rising, HMRC report reveals
    Corporate Tax

    R&D tax relief claims are rising, HMRC report reveals

    6y Emanuela Hawker , Reporter

    R&D tax relief claims are rising, HMRC report ...

    There has been a percentage increase in the number of claims made by companies, but more needs to be done Read More...

    View article
    Watch out when winding up
    Corporate Tax

    Watch out when winding up

    7y Emma Rawson

    Watch out when winding up

    The Targeted Anti-Avoidance Rule was introduced to prevent individuals lowering their tax liability by converting what would otherwise be a dividend i...

    View article
    HMRC large business tax enquiry duration rises to 3 years
    Corporate Tax

    HMRC large business tax enquiry duration rises to 3 years

    7y Accountancy Age

    HMRC large business tax enquiry duration rises to ...

    In 2016-17, the average length of time to settle a tax investigation rose to 34 months, up from 31 months in 2015-16. The tax authority has also incre...

    View article
    ‘Google tax’ nets HMRC £281m
    Corporate Tax

    ‘Google tax’ nets HMRC £281m

    7y Accountancy Age

    ‘Google tax’ nets HMRC £281m

    Diverted profits tax revenue collected by HMRC in 2016-17 totalled £281m, leaping from £31m collected in the previous year, according to data released...

    View article
    OTS report: Corporation tax should follow accounts
    Corporate Tax

    OTS report: Corporation tax should follow accounts

    8y Accountancy Age

    OTS report: Corporation tax should follow accounts

    The report suggests a wide range of reforms focussed on bringing together corporation tax and accounts, including creating five year roadmap for CT re...

    View article
    HMRC tax evasion assistance requests double in five years
    Corporate Tax

    HMRC tax evasion assistance requests double in five years

    8y Accountancy Age

    HMRC tax evasion assistance requests double in fiv...

    In 2012, HMRC made 591 requests to foreign governments. In 2016, this number stood at 1096, a 7% increase on 1025 requests made in 2015 Read More...

    View article