Former Rangers stars 'will have EBT penalties wiped' claims report

Former Rangers players will have their penalties for using Employee Benefit Trusts wiped away after HMRC was said to have overestimated the club's tax bill, according to reports.

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HMRC eventually won its case against Rangers using EBTs as a means of paying players while avoiding tax and were said to be looking into the cases of individual players and managers - such as Barry Ferguson, Dick Advocaat and Kris Boyd.

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However, The Times claims that HMRC has now been forced into dropping the penalties levied against individuals in thousands of cases.

Rangers could've been billed as much as 50 million than they should have. Picture: SNS

A source told the newspaper: "The revenue might present that as them being benevolent but in fact there is no legal basis for them to get those penalties."