Exclusive
The fig of taxation investigations successful shot is apt to rise
- Richard Moriarty, North West District Editor
- Published: 23:00, 23 Nov 2024
- Updated: 23:00, 23 Nov 2024
TOP footie clubs, players and agents person coughed up £800million since HMRC began a taxation avoidance probe.
The immense tally of unpaid taxes since 2005 includes £75million successful the past year.
And latest HMRC figures uncover 396 investigations are ongoing — including imaginable abuses astatine 33 nonrecreational clubs.
Newcastle United precocious settled a £10million tax quality that dated backmost to Mike Ashley’s ownership of the club.
Chelsea are being probed having reported themselves to the Premier League aft spotting issues arsenic Todd Boehly’s consortium took implicit ownership from Roman Abramovich.
Manchester United are nether investigation too, portion legendary manager Sir Alex Ferguson faces scrutiny implicit his ACF Sports Promotion firm.
Earlier this year, ex-Man City defender Benjamin Mendy was forced to merchantability his £5million Cheshire mansion to repay an £800,000 taxation debt.
Meanwhile, the fig of taxation investigations successful football is apt to emergence arsenic a effect of inquiries into “dual representation” transportation deals.
The deals would spot agents assertion to enactment for some a nine and a subordinate and divided their interest betwixt them.
HMRC believes agents enactment mostly for players and truthful should wage much tax.
Officials pass they volition nary longer judge a 50/50 divided arsenic the “standard approach”.
Ex-England ace Emile Heskey facing bankruptcy successful latest conflict with taxman