Rangers FC consider legal action against UK tax authorities over penalty recalculation
15 November 2019
Up to £50 million in penalties is set to be wiped off the club's former operating company's tax bill by the tax authorities.
The revised figure is understood to be around £20 million, which would have made the indebted club more attractive to potential buyers than HMRC's initial claim of £94 million.
HMRC: It is not correct
Rangers FC are considering legal action against HM Revenue and Customs (HMRC), following the Times' reveal that the UK tax authority has acknowledged that it had claimed too much from the club in what came to be known as the "big tax case."
According to the Telegraph, Rangers intend to undertake a forensic examination of tax and company law in respect of HMRC's recalculation and its impact.
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