Agassi loses final set

Agassi loses final set

Taxman wins epic battle over sponsorship income

Andre Agassi has lost the final set of his epic legal battle over the
taxation of sponsorship income.

Agassi had disputed revenue attempts to tax sums paid in sponsorship, which
never passed through UK sources, but which were paid in part as sponsorship for
the player when he played on UK soil.

Judges voted four to one in favour of the Revenue in the Lords today.

Mike Warburton, of Grant Thornton, said the decision was ‘disappointing’,
adding that the government would collect slightly more in revenue as a result,
and avoid paying out a total of £500m to visiting stars like Beyonce and Agassi
retrospectively in respect of taxes already paid.

Related Articles

Supreme Court rules against Pimlico Plumbers in landmark employment case

Legal Supreme Court rules against Pimlico Plumbers in landmark employment case

1m Alia Shoaib, Reporter
Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3m Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

4m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

6m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

7m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

8m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

9m Emma Rawson, ATT Technical Officer