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      in Soccer

      Leading Premier League club being investigated over offshore payment to agents after using foreign ‘sister’ clubs

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      A LEADING Premier League club is being investigated by the FA and HMRC for making offshore payments to agents.The outfit have been using some of their foreign ‘partner’ teams to disguise money paid for deals coming into their own playing squads in England.
      A Premier League club is being investigated by the FA and HMRC over payments to foreign ‘sister’ clubsCredit: Reuters
      The FA have been working with the taxman following checks on payments made through their own ‘clearing’ system and after complaints from other agents who knew of the practice.
      The  club  have   been   paying agents fees from their European partners, often as scouting agreements.
      This has seen large sums involved going to agencies rather than paying them here for their part in genuine transfers.
      I understand as many as SIXTEEN deals are being scrutinised to check the money trails involved in moves that have been flagged up.
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      Many Premier League club owners have satellite teams.
      And they are allowed to use this advantage to loan players or groom younger stars for a career in the top flight here.
      However, in this case the rogue outfit have disguised the fees.
      This means they have been keeping their Financial Fair Play costs and the tax bills of agents down in this country.
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      HMRC are also taking an interest in any findings if it is proved there has been wrongdoing.
      But the FA are currently taking the lead and have the power to fine the club heavily.
      And with many transfers under review, it could be a SEVEN-FIGURE penalty once the probe is over. More

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      in Soccer

      Newcastle United call in lawyers to fight multi-million pound bill for alleged tax evasion

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      NEWCASTLE United have called in lawyers to fight a multi-million pound bill for alleged tax evasion.Directors are appealing against the HMRC demand, thought to be about £5million.
      Newcastle United have called in lawyers to fight a multi-million pound bill for alleged tax evasion – pictured Mike AshleyCredit: PA
      It stems from a probe in 2017 during retail tycoon Mike ­Ashley’s reign when investigators visited club premises.
      HMRC accused the club of extensive tax evasion on player transfers.
      Deals between 2011 and 2013 involving Senegal aces Demba Ba and Papiss Cisse and France star Moussa Sissoko came under the scope of Operation Loom.
      That criminal investigation was later dropped but the club are still facing a civil probe.
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Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-i1acvs:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}EGG ON MY PLACE .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}Toon footie mates EGGED my pad after I grassed them up over stripper visits
      It centres on arrangements between the club, agents and players which allegedly led to the evasion of tax.
      A civil probe can land a company with huge fines.
      But the club’s latest accounts, published this week, reveal they are appealing against the figure demanded by HMRC and have placed the matter with lawyers.
      The accounts state: “Newcastle United received claims from HMRC relating to alleged underpayment of tax and national insurance, and interest.
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      “The amount claimed by HMRC has been assessed by the directors.
      “Appeals have been lodged against these assessments and the matter remains in the hands of the group’s legal advisers.”
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      Saudi Arabia’s Public Investment Fund sealed a £300million takeover of the club last year.
      United declined to comment.
      Saudi Arabia’s Public Investment Fund sealed a £300million takeover of the club last yearCredit: AFP or licensors More

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      English footie clubs racked up tax debts worth over £140 million since pandemic

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      FOOTBALL clubs in England have racked up tax debts of £140million-plus in the pandemic.Sixty clubs in the Premier League and English Football League have the debt, figures obtained by The Sun show.
      Footie clubs in England have racked up tax debts worth over £140 million since the start of the pandemicCredit: Alamy
      Premier League clubs owe £49.5million in unpaid taxes including VAT.
      EFL clubs owe £91.8million in accrued taxes, with £64million in the Championship, £24.9million in League One and £2.9million in League Two.
      The taxman would not identify any of the clubs involved but it is understood that Wayne Rooney’s Derby County owes £28million.
      HMRC confirmed that repayment agreements have been struck so clubs are not in arrears.

      It is understood that Wayne Rooney’s Championship outfit Derby County owe £28million to HMRCCredit: Getty
      Ninety-three footballers, nine clubs and 23 agents to be investigated over £56 million of unpaid tax More

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      England stars set for £50,000 pay rise thanks to FA’s new deal with taxman

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      ENGLAND stars are set for a huge pay boost as they get fired up for Euro glory — thanks to a new deal with the taxman.Three Lions aces have been the subject of an inquiry over image rights cash paid to them by the FA which would see them pay more tax.
      Harry Kane could net an extra £75,000 from the dealCredit: Alamy
      But HMRC chiefs and the FA are likely to resolve the months-long issue before the curtain-raiser with Croatia at Wembley next Sunday.
      And the breakthrough could hand them a 50 per cent image pay hike plus bonuses within days — worth as much as an extra £75,000 to top stars like captain Harry Kane.
      A source close to the negotiations said last night: “For England’s stars and the taxman this deal hits the back of the net, and couldn’t come at a better time.
      “Some players may see their gross image rights earnings nearly double.
      “The FA will be the big losers because they will foot the bill to avoid the headache of having to sort out tax issues for everyone in the squad. But the extra dosh should put a spring in the players’ step.”
      Champions League winner Mason Mount will benefit from the image rights dealCredit: Getty
      Image rights of up to £100,000-a-year are paid to stars based on the number of times they are selected for squads, rather than caps.
      These huge sums are paid on top of playing fees, which players donate to charity.
      The FA has previously not been obliged to pay national insurance or income tax on these payments.
      But HMRC want the footballers to pay the 45 per cent top rate tax instead of 19 per cent through limited companies which they do now.
      The extra cash from the FA is to offset the higher amount of tax they would pay to HMRC chiefs.
      Experts estimated that the current £4million-a-year the FA pays out in image rights will rise to around £6million once the deal is done.
      Regulars like Spurs idol Harry will see their rights money ramped up to cover the extra tax burden to around £150,000-a-year — £50,000 more than he is currently paid.
      Jack Grealish could see his England earnings nearly doubleCredit: Getty
      But that could be topped up with an estimated £25,000 annual fee to cover the cost of extra tax return work — making it an extra £75,000 for Kane.
      Chelsea’s 22-year-old Champions League-winning star Mason Mount can expect a similar windfall.
      Mount, picked for nine squads by manager Gareth Southgate, has earned around £90,000 but under the new system would earn £135,000 plus the £25,000 accounting fee to cover his tax.
      Aston Villa wizard Jack Grealish, 25, should see his estimated earnings rise from around £70,000 to £130,000-a-year plus possible extras for promotional work.
      Tax expert Jim Lee, a former semi-pro footballer, said: “It’s good to see this cleared up so our boys can focus on winning the Euros.
      “They’re all multi-millionaires in any case and I’m sure they’d happily play for England for nothing.
      “If sorting this out in time for the tournament gives the Exchequer a boost and hands the players a bonus, then good luck to them.”
      Football finance expert Gerald Krasner, from Begbies Traynor added: “HMRC are closing a loophole that has existed for years.
      Gareth Southgate’s England kick off their Euro 2020 campaign next weekendCredit: Getty

      “They are saying that image rights payments are earned here and so should be taxed as income at full UK rates.”
      FA sources confirmed that chiefs had been working with the players to ensure image rights payments were appropriately taxed.
      A FA spokesman said: “We’d never comment on financial or commercial matters relating to players.”
      Gareth Southgate talks about Harry Maguire and Jordan Henderson’s chances of playing in the Euros More