Rangers FC tax tribunal set to run to January
A tribunal dealing with an appeal by Rangers FC against a disputed tax bill and penalties totalling about £49m is set to continue into January.
The First Tier Tribunal in Edinburgh was expected to conclude on Wednesday. It has now been listed to take place on 16, 17 and 18 January 2012.
The disputed bill and penalties relates to Rangers' use of Employee Benefit Trusts to pay employees.
The club faces the prospect of administration if it loses this case.
Her Majesty's Revenue and Customs (HMRC) claims that £35m is owed by Rangers in unpaid tax with a further £14m due in interest and penalties.
HMRC has also had £2.8m of Rangers assets ring-fenced over a separate tax bill which the club is understood to be disputing.
Former board members Donald McIntyre and Martin Bain have also taken Rangers to court to freeze a total of £780,000 of assets pending the outcome of their damages claims.