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HMRC hit back in Rangers case

The response comes after media reports that the Ibrox club were 'overcharged'

Rangers collapsed financially in 2012 under the weight of a £70m tax bill
Rangers collapsed financially in 2012 under the weight of a £70m tax bill

HM Revenue and Customs have denied media reports that they 'miscalculated' the figure Rangers were charged over the club's use of Employee Benefit Trusts. 

The Scottish giants entered administration in 2012 after collapsing financially under Craig Whyte's stewardship.

Back then, HMRC announced that the club owed a staggering £70million in debts, sending Rangers into financial ruin and dropping them down to the lowest professional tier of Scottish football.

However, a report in The Times on Thursday has claimed that the Light Blues were charged £50million EXTRA in debt due to their use of EBTs.

That report has subsequently been refuted by HMRC in a tweet late last night by their Press Office, which stated: 'HMRC won against Rangers' tax avoidance in the Supreme Court and did not miscalculate anything'

Ibrox legend Ally McCoist was the manager at the time of the club's collapse and he believes the should have shouldered what should have been a £20million debt instead and that people unfairly lost their jobs because of the error.

"It’s safe to say it’s the most traumatic time in Rangers Football Club’s history. If there’s mistakes being made then people have to answer questions," blasted McCoist on TalkSPORT.

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