The Court of Session in Scotland has allowed HMRC's appeal in
Murray Group Holdings and others (AKA Rangers Football Club).
Overturning the decision of the Upper Tribunal, the court held that
the sums paid into Employee Benefit Trusts (EBTs) were earnings
subject to income tax.
Following consultation over the summer, the regulations
implementing some of the changes to the benefits and expenses rules
which take effect from 6 April 2016 have now been published.