“HMRC probing Manchester United players over image rights”

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Source: accountancy age.com 4 September 2017

“HMRC is probing at least two Manchester United players over potential image rights tax dodging, as reported by the Daily Mail.

The tax avoidance allegedly occurred under an agreement in the 2014-2015 season, where clubs could pay up to a fifth of their footballers’ total pay packages to ‘image rights’ companies rather than as part of their salary, thereby allowing the footballers to avoid income tax and allowing clubs to avoid National Insurance contributions.”

“HMRC reiterated their commitment to cracking down on tax avoidance in the industry to the paper: “We are currently making enquiries into the tax affairs of 67 footballers, 39 football clubs and 13 agents concerning a range of issues, including image rights abuse and are looking into more than 100 footballers in relation to the use of tax avoidance schemes.””

Source article here

 

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