Quote:
Originally Posted by Damien
I didn't understand that. Part of HRMC's decision (other than the pathetic 9p in the pound offer) was so the people responsible could be chased after. Why couldn't they be held to account if HRMC accepted the deal?
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The 9 pence in the pound deal was a best case scenario. There were something like over 40 unknowns, but one of these was the significant "big tax case". Depending on what paper you read on what day of the week that could reduce the CVA to less than 2 pence in the pound.
HMRC rarely accepts CVAs under any circumstances, especially when there seems to be evidence of tax avoidance/evasion on as large a scale as The Murray Group (Rangers previous owner) have been involved in.
This is one that's bound to run and run.... the EBTs, the dual contracts, the cosy relationship with Banks.....
Why did Graeme Souness get a tax free EBT loan from Rangers scheme while he was managing an English Premiership Club, 10 years after he'd left Rangers?
EBT stands for
Employee Benefit Trust