HM Revenue and Customs (HMRC) has won a judgement that Rangers' use of Employee Benefit Trusts (EBTs) broke tax rules.
Rangers used the scheme from 2001 until 2010 to give millions of pounds of tax-free loans to players and other staff.
In what became known as the "big tax case", HMRC claimed these were salary payments and subject to tax.
HMRC lost its appeals at tax tribunals in 2012 and 2014. Now three judges at the Court of Session in Edinburgh have upheld their appeal.
The appeal was heard by Lord Carloway, sitting with Lord Menzies and Lord Drummond Young.
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