UK sport stars take tax hit
Low take-home pay could influence foreign footballers considering move to UK on transfer deadline day.
FOOTBALLERS LOOKING to move to England on today’s transfer deadline must beware the tax consequences of leaving their current club, according to a survey by Taxand.
On a gross income of £3m, UK sport stars take home £1.53m. Sportspeople in Spain clear £2.28m, while in the US they take home £1.97m.
French stars take home £1.81m, while in Germany they clear £1.58m.
“A number of jurisdictions offer special tax regimes for sportspeople, acknowledging issues such as typically short career lengths. It is important that players fully understand and consider these rules when considering a move abroad,” said Félix Plaza Romero of Taxand Spain.