The Rangers football club tax case which has been known as the Big Tax case has been going on for a few years now.
The liquidators are taking the case above Edinburgh's Court of Session and to the Supreme Court on the 15 March 2017.
In summary The First Tier Tribunal (FTT) and The Upper Tier Tribunal (UTT) concluded that the loans were a genuine legal event and the employee’s did not have a legal right to the monies.
However, HMRC decided to appeal to the Court of Session and, to the surprise of many, HMRC won this round to continue this saga.
You can read more about this case here, or for further information please contact us on email@example.com.