Usain Bolt, the 100m world record holder may not race in Britain because of
the taxman tough stance on foreign sports stars.
Bolt is set to pull out of an event at Crystal Palace next month because HM
Revenue & Customs will demand a cut of winnings from every other race he
competes in afterwards,
Daily Mail reported.
His taxable earnings would also include his lucrative endorsement contracts.
The taxman is allowing an exemption for next year’s football Champions’
League Final, but does not extend the same olive branch to individual athletes
after a 2006 court win against tennis star Andre Agassi.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy