Hearts' financial predicament could be exacerbated by a tax demand for £1.75million ($2.72 million) which could have drastic consequences for the future of the Scottish Premier League club.
The case, which
At the centre of the dispute is the loan agreement for a number of players between
"Specifically, HMRC has claimed unpaid tax liabilities of circa £1.75 million (excluding interest and penalties) in relation to the arrangements between the company and Kaunas FC in relation to certain players who were loaned to the company by Kaunas FC.
"The directors are attempting to robustly defend those claims but the burden of proof is on the company and the tax will be payable unless the company is successful in challenging the claims. "The claims will be heard by the relevant tax tribunal in
That would value the club at around £18 million ($27.9 million) and
The tax tribunal is the latest in a series of financial issues to face the Scottish Premier League club.
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