£49m tax case against Rangers concludes

By Mike Farrell
Rangers: The final hearing in the tax case against the club is expected to conclude on Wednesday.

Hearings in the £49m tax case that could decide the future of Rangers FC came to an end this week.

On Wednesday, the final hearing day at the first tier tax tribunal in Edinburgh concluded.

No further hearing dates have been fixed in the case, while a judgement on the case has been reserved by the tribunal and will be releaesed later. It is believed this could take anytime between a month to six weeks, if not longer.

HM Revenue and Customs (HMRC) claims Rangers owe £35m in back taxes, as well as £14m in penalties, over their use of an Employee Benefit Trust to pay players between 2001 and 2010.

If the tribunal finds against Rangers, it can demand payment immediately, regardless of whether the club lodges an appeal against the findings.

Owner Craig Whyte previously admitted in a newspaper interview the club could go into administration if it loses the case.

However, in his first TV interview, Mr Whyte told STV News that the club was "actively doing all we can to avoid" administration.

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