“Strip the titles” trends on Twitter as world reacts to news Rangers broke tax laws

© PAThe gates at Ibrox Stadium.
The gates at Ibrox Stadium.

Social media has reacted to the news that Rangers FC broke UK tax laws by using Employee Benefit Trusts to pay players and staff.

The Glasgow club paid out more than £47 million to players, managers and staff through Employee Benefit Trusts between 2001 and 2010.

Sports commentators and football fans have taken to social media to have their say on the news today, with many calling for the club to be stripped of their titles from within the time frame.

EBTs see the employer, in this case Rangers, deposit money in the trust, which is then paid out in the form of a loan to a beneficiary.

“Strip the titles” trends on Twitter as world reacts to news Rangers broke tax laws

However, HMRC said they should not be used as a part of a contract and this would actually make the payments part of a salary and therefore liable for tax and National Insurance.

Supreme Court rejects Rangers’ appeal in ‘Big Tax’ case

Although two tribunals found in Rangers’ favour the Court of Session found in favour of HMRC.

People on Twitter have vented their anger at the news, with many – including sports journalists – saying the club had “cheated” and that Rangers’ reputation had been “tarnished”.

The hashtag “#stripthetitles” has even been doing the rounds.

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