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bubble wrap  Carparks in South East London 26 Apr 17 12.02pm |
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Originally posted by black eagle.
Surely points deduction for the not so appy ammers and the toon. Lets say 20 points each. Relegation from their current leagues would be suitable. West Ham in the Champ and Newcastle L1
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 orpingtoneagle Orpington 26 Apr 17 12.03pm |
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No player at any club will be a self employed footballer. They are contracted to the club and be an employee. But... That will be just for playing for that club. The boot deals the 'image rights,' and all the stuff around actually training and playing will (it is argued,) not be to do with that employment. That will be run via a limited Co of some sort (personal service or umbrella) and that can be used to manipulate tax particularly for overseas players. Then there is the use of employment products which use investments ot trusts etc than reduce tax. As this is a raid on clubs rather than players guessing it is linked to something they have done or organised
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| Painter Croydon 26 Apr 17 12.39pm |
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Originally posted by bubble wrap
Relegation from their current leagues would be suitable. West Ham in the Champ and Newcastle L1 The smug faces of Ashley, Gold, Sullivan and Brady deserve to have that expression wiped off.
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| robdave2k 26 Apr 17 12.45pm |
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Originally posted by orpingtoneagle
No player at any club will be a self employed footballer. They are contracted to the club and be an employee. But... That will be just for playing for that club. The boot deals the 'image rights,' and all the stuff around actually training and playing will (it is argued,) not be to do with that employment. That will be run via a limited Co of some sort (personal service or umbrella) and that can be used to manipulate tax particularly for overseas players. Then there is the use of employment products which use investments ot trusts etc than reduce tax.
Bearing in mind it's an actual raid I'd be thinking it's to do with agents fees/signing on bonus' etc Edited by robdave2k (26 Apr 2017 12.47pm)
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Y Ddraig Goch  In The Crowd 26 Apr 17 12.49pm |
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My understanding from evens this morning is this: Players are employed by clubs and salaries are paid as such, subject to usual taxes etc Image rightsand some other additional payments can be paid separately, usually into a company set up by the player, this incurs 19% (compared to 45%) tax and 0 NI There is a limit of 10% of total salary that can be paid to the "company" this was a deal beteen the FA/PL I can't remember which and the HMRC HMRC are under pressure as surprisingly, there has only ever been one prosecution of a "super rich" person for tax dodging. This investigation is part of a task force to redress that
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| robdave2k 26 Apr 17 12.54pm |
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This is HMRC going after evasion, so they will be looking for stuff that has been evaded not avoided It will be things they have not been told about (DOTAS) Arrests are based round criminality, for you to be dawn raided with officers with the power of arrest there, its way beyond the day to day setups involving trusts etc - HMRC use there enquiry powers for those!
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| Sportyteacher London 28 Apr 17 4.57pm |
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The first two football clubs out of many undertaking criminal tax practices. Agents representing footballers need to be investigated as well.
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| jamiemartin721 Reading 28 Apr 17 5.06pm |
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Originally posted by orpingtoneagle
No player at any club will be a self employed footballer. Depends on the terms of their contract. Originally posted by orpingtoneagle
They are contracted to the club and be an employee. But... I'm contracted to a company, and I'm not an employee of that company either. I don't get any benefits from the company other than a day rate for provision of services though. Given the plethora of complex additional payments, its probably true that most players are set up within limited companies that manage their assorted interest, expenses and wages. Possibly run by their agents. Originally posted by orpingtoneagle
That will be just for playing for that club. The boot deals the 'image rights,' and all the stuff around actually training and playing will (it is argued,) not be to do with that employment. That will be run via a limited Co of some sort (personal service or umbrella) and that can be used to manipulate tax particularly for overseas players. That would be a dangerous move - Because they get paid whilst injured, and during the off period. Things like Image Rights etc are taxable income, its really a question of what kind of taxable income it is.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Direwolf Lincoln 28 Apr 17 5.06pm |
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I thought I heard something in the news yesterday that this particularly involved French players and agents?
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| jamiemartin721 Reading 28 Apr 17 5.10pm |
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Yes, there were raids and arrests in France. Both clubs have signed a number of French players over the years, and I think all but one of the arrests are non-playing staff.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Midlands Eagle 28 Apr 17 5.20pm |
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Originally posted by jamiemartin721
I'm contracted to a company, and I'm not an employee of that company either. I don't get any benefits from the company other than a day rate for provision of services though. Given the plethora of complex additional payments, its probably true that most players are set up within limited companies that manage their assorted interest, expenses and wages. Possibly run by their agents. If you were contracted to your company exclusively for a fixed period of (say) three years you would be deemed to be employed and subject to Paye. Footballers are employees in terms of their wages and bonuses etc but it's the image rights etc that are often payable to the footballer's limited company
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pefwin  Where you have to have an English ... 28 Apr 17 5.56pm |
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Originally posted by Midlands Eagle
If you were contracted to your company exclusively for a fixed period of (say) three years you would be deemed to be employed and subject to Paye. Footballers are employees in terms of their wages and bonuses etc but it's the image rights etc that are often payable to the footballer's limited company That's not strictly correct, if you are a contractor, at least in the private sector. In the public sector they are struggling to increase the tax burden on individuals by applying what you suggest.
"Everything is air-droppable at least once." "When the going gets tough, the tough call for close air support." |
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