The Supreme Court decided today in favour of HMRC in the long-running battle relating to Rangers Football Club’s use of employee benefit trusts (EBTs) in connection with players’ remuneration between 2001 and 2010.

The ruling to dismiss Rangers’ appeal confirms the position previously taken by the Court of Session.

The decision isn’t expected to have any material impact on the football club itself as it’s no longer owned by the Murray Group. However, it could have significant ramifications for other companies who used EBTs prior to the introduction of the “disguised remuneration” legislation in 2011 who may now receive follower notices from HMRC.

The Supreme Court’s decision can be found here.