28 jul 2011 año - HMRC send letter to Rangers setting out penalties for the Wee Tax Case liability acceptable to them that involves a £1.3m payment within 30 days if the offer is accepted within 14 days otherwise the full computed penalty

Descripción:

HMRC holds a conference call with MCR. An email chain, internal to RFC, follows, with MCR’s summary of the key points from the meeting. Note HMRC recognise the dependence of obtaining full settlement on a favourable result in the Champions League v Malmo on 3 August.

- 60% penalty to be applied taking total to £4.2m
- Late appeal likely to be viewed as vexatious
- Penalty can be appealed within 14 days
- HMRC’s interest in the outcome of the Champions League qualifier
- Summary warrant to be obtained.

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