England's cricketers face hospitality tax bills
England players could face hefty tax bills over hospitality provided to them by the cricket authorities
England players could face hefty tax bills over hospitality provided to them by the cricket authorities
England cricketers could face tax bills over international match tickets
provided to them by cricket authorities.
England players receive four tickets for international matches, including
hospitality, which are valued at up to £23,000 a year. With the cricketers
expected to sit in the higher tax bracket, they could each face tax bills of
£9,000 for the perk, reports The Mail on Sunday.
The paper understands that the Professional Cricketers’ Association will be
speaking to the England
and Wales Cricket Board and
HM Revenue & Customs
on the matter.
Further reading:
Cricket body fields ERP to handle profit
growth
World Cup puts sporting sites on the
map
The numbers you crunch tell a story. Your expertis...
17yEmbracing 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