Taxman Cometh
The HMRC (after this Week’s clearance of our ‘Harry’) remains intent on targeting and exposing the leading clubs on alleged tax evasion. This statement derived from inside information from Sporting Intelligence (SI).
I understand that it’s such as ‘perks’ for players that are to come under some scrutiny. By perks, the sorts of things included are ‘partner’s’ benefits, holidays, offshore accounts, expenses, hospitality etc. All finance directors in the Barclays Premier League were recently consulted and the findings from that research have led to this predicted action by the taxman. The foreign immigration will be focused upon also especially in terms of whether players are totally compliant with N.I contributions. Why shouldn’t they be exposed to such an investigation – after all we all pay them?
SI quotes: “HMRC has found big discrepancies in at least one club and they now want to make sure these discrepancies are not widespread”. The Government apparently seeks £8Bn “claw back” and of course the football industry is high-profile enough to make an example that might strike home. The whole matter falls under a strategy to bring football in line with other industries.
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