Champions League final could make Exchequer a winner
Exchequer could come out a winner at this weekend's Champions League final
Exchequer could come out a winner at this weekend's Champions League final
In Partnership With
TS WILL BE an ardent Barcelona fan this weekend. Like Ryan Giggs, TS is loathe to name names but we couldn’t bear to see the gurning faces of Wayne Rooney, Rio Ferdinand and Darren Fletcher if they win the Champions League (or any time, if truth be told).
However, chancellor George Osborne will be a big Manchester United fan on Saturday. No, this is not a shameless attempt to connect with the Tory Party’s Surrey heartlands, but a means of generating revenue, according to PKF.
Barcelona’s Lionel Messi receives an average salary of £5m a year, which is almost doubled when sponsorship is factored in. This would mean each player would be paying around £250,000 in tax on UK income.
But the government decided to offer a complete exemption for overseas teams playing in the Wembley final and did not extend this to British clubs.
The taxman will never get his hands on the Catalan euros. But a win for United could generate £750,000 for the Exchequer because of the tax the club would pay on top of the £1.25m it has already brought in, the firm calculates.
Despite this, United will be happy to have close to home advantage at the weekend. But, as they showed in the quarter finals against Chelsea and the semi against the German side Schalke, they are equally adept at playing away from home.
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleColin reacts to accountants considering the swap from practice to commerce - is the grass greener? Read More...
View articleColin reacts to the US Presidential election result, and the feeling of the UK profession Read More...
View articleBen Affleck shoots punches and bean-counts in the first trailer of his upcoming accountant action flick Read More...
View articleAccountants must be flavour of the month in Hollywood as Dwayne 'The Rock' Johnson and Kevin Hart get in on the act Read More...
View articleWhen Colin heard HMRC's next CEO was an MOD man, he could only think one thing... Read More...
View articleFill in this spoof application form to see if you can become the next CEO of HMRC Read More...
View articleCharges dropped against David Whitehouse and Paul Clark over involvement with Rangers Read More...
View articleFrom what TS can deduce, Ben Affleck has been spending a bit too much time Read More...
View article