LANDMARK EBT CASES

摘要

An appeal by Murray Group Holdings, the previous owners of Glasgow Rangers foottball Club, against HMRC assessments for income tax and national insurance in relation to loans made to players and executives through an EBT. The arrangements in question have now been blocked by anti-avoidance legislation commonly known as the 'disguised remuneration' legislation. The taxpayer's appeal was allowed by the First Tier Tribunal (FTT) (by a 2:1 majority), although HMRC is taking the case to appeal at the Upper Tribunal. The hearing, which is set for a date between January to March 2014, is to be held in public.