Football may not be coming home, but there is always tax to consider. Paul Pritchard (FTI Consulting) reviews the tax issues on player transfers, including the reinvestment relief on players, employment tax issues with buyout and the withholding of tax on image rights payments.
With UEFA’s Euro 2020 football tournament for national teams now concluded domestic clubs can turn their attention to player transfers as they look to build their squads for the start of the domestic season. The transfer of a football player may result in some unique tax matters for the club concerned. Securing that all-important player tends to involve the buying club paying a significant sum to achieve this objective. Football clubs are UK incorporated companies subject to corporation tax and like other UK corporates clubs seek to manage tax risk on significant transactions including transfers.
This article discusses some of the tax...
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Football may not be coming home, but there is always tax to consider. Paul Pritchard (FTI Consulting) reviews the tax issues on player transfers, including the reinvestment relief on players, employment tax issues with buyout and the withholding of tax on image rights payments.
With UEFA’s Euro 2020 football tournament for national teams now concluded domestic clubs can turn their attention to player transfers as they look to build their squads for the start of the domestic season. The transfer of a football player may result in some unique tax matters for the club concerned. Securing that all-important player tends to involve the buying club paying a significant sum to achieve this objective. Football clubs are UK incorporated companies subject to corporation tax and like other UK corporates clubs seek to manage tax risk on significant transactions including transfers.
This article discusses some of the tax...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
