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.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC