No picnic for the Teddy Bears, writes David Whiscombe (BKL Tax).
Thomas Dalby (Gabelle) looks at HMRC’s next move following the closure of the EBT settlement opportunity.
The Upper Tribunal has now handed down the eagerly awaited judgment in HMRC v Murray Group Holdings and others, better known as ‘the Rangers case’. Robert Waterson and Adam Craggs review the lessons from the decision, which resulted in a loss for HMRC in its campaign against EBTs that it is likely to appeal.