CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. UK Tax Man Goes After Image Rights Tax Avoidance

UK Tax Man Goes After Image Rights Tax Avoidance

by Jason Gorringe, Tax-News.com, London

10 April 2017


The UK tax agency is to visit major league soccer clubs to discuss tax avoidance through image rights.

The announcement follows concerns raised by the Public Accounts Committee that HMRC is not doing enough to ensure that the correct amount of tax is collected from high-net-worth individuals. Further impetus was added by the recent announcement at the Budget that HMRC would publish guidelines for employers who make payments of image rights to "improve the clarity of the existing rules."

"This renewed focus on footballers' image rights shows that this issue is not going to go away for some time and clubs and players should be ready for HMRC to challenge arrangements where they take the view that certain structures and remuneration packages are not compliant with anti-avoidance legislation," said Andy Brown, a Partner in Bird & Bird's International Tax Disputes team with experience in dealing with footballers' image rights. "Football clubs should assess their position (and that of their players) and determine the extent of their risk exposure."

He added that HMRC is increasingly looking at those they perceive as enabling and facilitating tax evasion and avoidance, including advisers, rather than simply focusing on the players themselves.

TAGS: individuals | tax | United Kingdom | legislation | HM Revenue and Customs (HMRC) | HM Revenue and Customs (HMRC) | Tax

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

 Email: 
 Password: 

Login »

Forgotten your password?







Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »