Blogger Paul McConville commented:-
“Many football fans and legal commentators were surprised by the First Tier Tax Tribunal verdict last November and will not be disappointed that HMRC have now launched an appeal against their judgment.
“The ruling of the First Tier Tax Tribunal does not affect the operations and the financial position of this blog as it stands today and the appeal will have no effect on us as this is an historic case for The Rangers Football Club plc (‘oldco’).
“As HMRC stated last June when they decided to vote against the proposed ‘oldco’ CVA, no tax liabilities relating to ‘oldco’ would transfer across to this blog. HMRC would undoubtedly also reaffirm this position to my tax adviser, Deloitte Del Boy. Continue reading