HMRC have publicly destroyed recent claims of them overcharging Rangers in their £70 million tax case in 2011 which led to their liquidation.
Reports came out recently that Rangers might have been overcharged by up to £50 million in their 2011 tax case. It sent the club into financial turmoil with a tax bill that they could not possibly pay off. As a result, Sir David Murray was forced to sell the club to Craig Whyte for £1. But the following year Rangers FC was liquidated.
But the new report claims that the tax bill could have been as low as £20 million. A figure that was much more manageable and might have saved the club from its ultimate liquidation in 2012. After the news broke out, former Rangers chairman John McClelland even came out to claim that there would have more potential buyers for the club if the tax bill was around the £20 million figure being reported.
The HMRC did not take much time though to rubbish these claims. The authority took to their Twitter to clarify that they had not made in mistake in calculating the tax in Rangers’ case and had even the tax avoidance case in the Supreme Court.
On Twitter, the tax authority posted:
HMRC chief, Jim Hanna, even took the time to write a letter to the Sunday Times regarding their coverage of the news. According to the Daily Record, the letter stated:
“I am writing in relation to your coverage of Rangers’ tax affairs on 14th November 2019
“The article is incorrect: HMRC did not make any mistakes that led to the club’s insolvency.
“HMRC won again Rangers’ tax avoidance in the Supreme Court.
“We have a long-standing claim with the liquidators to recover the money due as a result of this judgement.
“The United Kingdom has one of the lowest rates of unpaid tax anywhere in the world.
“Inaccurate and partial reporting only serves to undermine the public trust in the tax system.”
There was huge outrage among the Rangers fans after the report came out. One fan group even demanded a public inquiry. While Ally McCoist, who was Rangers manager at the time, also took the oppurtunity to give his take on the matter.