Rangers Administrators Reveal Former Company’s Unpaid Tax Figures

By Community | October 1, 2012

The former Rangers Football Club owed in excess of £94m in unpaid tax and penalties, administrators Duff & Phelps have revealed 

HM Revenue and Customs’ claim against the club totalled £94,426,217 – while Duff & Phelps are claiming £3,121,683 in fees.

Over £170,000 was paid to public relations companies for media consultancy as the club were plunged into administration.

A statement from Duff & Phelps read: “The joint administrators have continued to review the claims made by HMRC in the administration.

“The claims are largely made up of determinations issued by HMRC in accordance with Regulation 80, penalties and outstanding PAYE/NIC.

“The joint administrators have adjudicated on these claims and confirmed to HMRC that for voting purposes, their claim will be admitted for voting purposes at £94,426,217.22.”

The majority of that figure relates to the old club’s use of Employee Benefit Trusts, on which HMRC claimed unpaid tax and penalties in excess of £49m.