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Monday, 5 September 2011

Rangers subject to arrestment order by HMRC

As per our earlier blog it seems that HMRC have paid Rangers a visit over unpaid tax.  The BBC has reported that an arrestment order has been made over a seven figure sum in their bank account which effectively means that they cannot touch that money until the dispute is settled.

HMRC turned up at their offices last week to deliver documents relating to the case, some of which leaked to the media.  In the documents they said that failure to settle could lead to an asset freeze or winding up.

Rangers, say they have already paid a six figure sum as part of the case in hand, and they are disputing the tax owed, which is £2.8m plus a £1.4m penalty, dating back to 1999.

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