TaxPersonal TaxUK sport stars take tax hit

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.

graph-tax-variations-sport-copyOn 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.

Related Articles

Taking Stock: Tax status could cut Power to Swindon Town FC

Personal Tax Taking Stock: Tax status could cut Power to Swindon Town FC

2y Taking Stock
Colin: Vive la (tax) revolution!

Corporate Tax Colin: Vive la (tax) revolution!

4y Taking Stock
Taking Stock: French footballers' strike over ‘supertax’ hilarious

Corporate Tax Taking Stock: French footballers' strike over ‘supertax’ hilarious

4y Taking Stock
Colin: HMRC FC defends relegation

People Business Colin: HMRC FC defends relegation

6y Taking Stock
Harry Redknapp accused of evading tax through offshore account

Legal Harry Redknapp accused of evading tax through offshore account

6y Nick Huber, Writer
HMRC to investigate footballers' perks

Personal Tax HMRC to investigate footballers' perks

6y Accountancy Age, Reporters
HMRC cracks down on footballers

Corporate Tax HMRC cracks down on footballers

6y Rachael Singh, Writer
Premier League tax to top £1bn

Personal Tax Premier League tax to top £1bn

6y Jaimie Kaffash, Writer