Following the recent victory for HMRC, the Court of Session will hear an application from Liquidator BDO (acting for oldco Rangers) to be granted leave to appeal to the Supreme Court on 24 February 2016.

In November 2015, HMRC were victorious when the Court of Session held that loans made under an Employee Benefit Trust (EBT) were ‘a mere redirection of emoluments or earnings which did not remove employee’s liability to income tax’.

Click here to read a commentary on this decision by Partner, David Pett, a tax lawyer specialising in share schemes and employee incentives.

To find out more about the implications of this case for you and your business, call Stephen Woodhouse on 0121 348 7878.

Pett Franklin, based in Birmingham, are experts in all aspects of employee share schemes, including share plans, growth shares, and share valuation.