EIGHT TOP ENGLISH CLUBS FACE TAX THREAT

[Torvald Utne]

Rich people in dodging tax shocker.

 

I don't believe a word of it, they pay millions, why would they risk jail just to save a little here and there? Makes no sense...

[lifetime fan]

Sounds like it could be any premiership club as it is to do with holding foreign players pay until they leave the UK so they and the club don't have to pay income tax and national insurance. Inland revenue have deemed this to be illegal now.

Sorry can't say any more as I had a child yapping in the car while it was on the radio but this was the jist of the story.

 

The lead story, and the interpretation of it, is a bit misleading. This is about beneficial offshore trusts, and a failure by clubs, the players, or both, to pay tax due.

 

Although in theory, as the play things of the rich, any PL footballer might seek to take advantage of one, in practise they may be more attractive to foreign players who move around a lot and Clubs who want an edge signing them. I also understand that the clubs may no longer be in the PL.

 

West Ham (under the Icelanders) are nailed on, Hull, Everton, Newcastle, Bolton, Fulham , Spurs, Man City and Arsenal would be my favourites. Villa’s previously predominantly British and young player policy probably reduces their exposure.

 

I would love to see the arrangements the FA made to pay Sven and Fabio...........................................

 

 

It has already been reported Arsenal do this and I'm sure I can remember Arsenal players refering to it in interviews.

[Phoenix]

It has already been reported Arsenal do this and I'm sure I can remember Arsenal players refering to it in interviews.

 

I remember that aswell but in their case it was just the bonuses.

[Phoenix]

Bolton are financially fucked as are Fulham once the dodgy owner dies.

 

Wolves have sound finances

 

Didnt Al Fayed sell the club and he is only there as chairman?

[Guest San Don]

HMRC have run a campaign against a number of clubs, not just 8 PL clubs regarding tax avoidance via such things as image rights, club cars, houses even, free use of mega rich owner's yachts by certain players (main chelshit ones).

[Barnesey]

I understand that, up to 3 years ago, we had not created any ebts although we did have some image right arrangements. This is only an issue if they are low profile individuals, I believe. Not sure who they are for but don't think it is a major problem