Tax swoop will hit Wembley Champions League finalists
Plans to host club football showpiece at Wembley could be derailed by UK tax
Plans to host club football showpiece at Wembley could be derailed by UK tax
The plans to host the Champions League final at Wembley in 2010 or 2011 could
be derailed as the two finalists would be subject to tax.
According to the Daily Mail the government is insisting that the
Foreign Entertainment Unit clause in HM Revenue & Customs’ Foreign
Entertainment Unit regulations.
The clause means that visiting players will have to pay UK tax on earnings
and bonuses for the match.
The Treasury and Department of Culture, Media and Sport are in discussions
about the issue.
A spokesman for the DCMS said:’ ‘We are aware of the issue regarding taxation
and the FA’s bid for the Champions League Final to be held at Wembley and are
looking at what assurances can be offered to UEFA.’
Further reading:
FA mulls firms for transfer audit
FA spurns chance to set up transfer audit
unit
The numbers you crunch tell a story. Your expertis...
16yEmbracing 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 articleHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article