HMRC aims to score with footballer 'perks' investigations

Date:

3 January 2012

Summary:

Premier League footballers and their clubs are facing investigation by HM Revenue & Customs (HMRC) over some of the 'perks' provided to players and their families.

Investigators from HMRC's High Net Worth Unit have already interviewed Finance Directors at some of the league's richest clubs and have sent out a questionnaire to others requesting details of any free holidays, first-class flights, luxury accommodation, private security and other gifts that have been provided to players.

HMRC will use the information to examine players' individual tax returns to ascertain whether they have under-declared their tax liabilities. Additionally, the clubs themselves could be liable to further National Insurance Contributions on any previously undeclared Benefits-in-Kind.
How can OneE TDI help?

Employers are responsible for correctly operating the PAYE/NIC system and reporting Benefits-in-Kind and the cost of getting things wrong can be extremely high. OneE TDI can offer Employer Specialist Services and can advise employers on all complex employment tax issues. Please contact us for further advice.

At the core of OneE TDI is a highly experienced team specialising in all areas of tax disputes and investigations. We offer confidential, non-judgemental and invaluable advice to best defend our clients. We have a proven track record in managing all contentious tax matters and provide an outstanding, cost-effective service which results in tangible benefits and savings for our clients.

If you would like a free, confidential, no obligation discussion with us about any of the issues discussed above, please contact either Gary Rowson or Mark Taylor on 0800 652 6156.

[Back]
 

OneE TDI Limited is a OneE Group company | www.oneEtax.com |  www.OneECyprus.com

© Copyright 2012