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Rangers' tax bill is £6m higher than previously thought


disgruntled_bear

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Crisis-hit Rangers' tax bill is £6m higher than previously thought

Around £15m in PAYE and VAT has been deducted from employees' pay at the Ibrox club.

Rangers: The amount owed to HMRC is nearer £15m, not £9m.

The tax bill that crisis-hit Rangers are facing is around £6m higher than previously thought.

Last week administrators Duff and Phelps were called in after HM Revenue and Customs tried to get court appointed insolvency experts in to the Ibrox club.

At the time, the administrators said unpaid PAYE and VAT worth around £9m had been deducted from employees’ wages, but was not handed over the HMRC, which had prompted the Court of Session move.

STV understands that the unpaid tax is closer to £15m and has increased as administrators have started looking over the financial arrangements at the Ibrox club since Craig Whyte took over last May.

It is not yet known what the further £6m owed is in relation to, while earlier this week Mr Whyte claimed that £4.4m of the total owed to HMRC was in relation to the outstanding ‘wee tax case’ between Rangers and the government authority.

Previously, joint administrator David Whitehouse said: “Unpaid taxes are not appropriate long-term funding for the club."

http://news.stv.tv/scotland/west-central/298826-crisis-hit-rangers-tax-bill-is-6m-higher-than-previously-thought/

Yet another skeleton...

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Guys guys we are getting carried away here all we need is to open a wee account with the same bank that finances Man United :D they are 400M in debt. I still don't understand how they can be so seriously in debt and UEFA doesn't come down hard on them thought they had to balance the books each year now?

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with 5 million vat from ticketus and 4.7 million small tax case I didn't think the numbers added up.

How can we be owe £5million in vat ? vat is 20% which means in 9 months we would have had to have sold £100 million worth of assets to be due that

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Guys guys we are getting carried away here all we need is to open a wee account with the same bank that finances Man United :D they are 400M in debt. I still don't understand how they can be so seriously in debt and UEFA doesn't come down hard on them thought they had to balance the books each year now?

It's a sustainable debt, based on their enormous turnover

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