By Steven Slayford 2 July 2013 The NBA’s salary cap is well known but the league’s luxury tax is a less familiar beast – and one with potentially significant repercussions for many teams next season. The NBA salary cap states that each team is only allowed to spend a league-set amount on wages, that number was […]
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Money, FCB, LFC, BRFC, RFC, tax, tennis & more: The most read pieces in 2012
By Sportingintelligence 31 December 2012 From everyone at Sportingintelligence to every who has taken time to visit the site and read any single piece we’ve produced in 2012, thank you. Wishing you all a healthy and prosperous, and robustly opinionated new year, here are the stories on this website most read in the past 12 […]
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REVEALED: the £39.6m in unpaid football taxes (and that’s only part of it)
By Alex Miller and Nick Harris SJA Internet Sports Writer of the Year 25 March 2012 When Darlington went into administration in 2009 – the second of three times the club has now done so – they owed HMRC tax arrears of more than four hundred thousand pounds. As part of the deal that led […]
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HMRC aim to give elite football ‘a good kicking’ on tax after evasion tip-off
By Alex Miller 13 January 2012 Leading football clubs are being heavily targeted by HMRC over perks afforded to players and WAGs – partially because the taxman has already received information and tip-offs relating to major financial discrepancies at at least one top Premier League club, Sportingintelligence can reveal. The finance directors at all Premier […]
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HMRC turns coy on football’s tax debts as ‘Creditors’ Rule’ case looms
By Steve Menary 14 November 2011 Her Majesty’s Revenue & Customs have changed their approach to disclosing British football’s tax debts just as a court case over the controversial ‘Football Creditors’ Rule’ (FCR) is about to come to the High Court. HMRC’s case against the Football League and the Premier League, which will challenge the […]
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Tottenham manager Redknapp set to face January trial on tax evasion charges
By Nick Harris SJA Internet Sports Writer of the Year 12 November 2011 Tottenham’s manager Harry Redknapp will face trial in January on two charges of tax evasion. Reporting restrictions around the case have been in place, and some remain, but it can now be reported that Redknapp, 64, is to be tried at Southwark […]
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The Sports Lawyer: ‘For obvious reasons, taxation of the rich will affect football’
* THE SPORTS LAWYER is actually a posse of Britain’s brightest lawyers, from the Sport & Media team at the UK law firm, Thomas Eggar, who will be contributing features, analysis and insight on a regular basis on the key sports law issues of the day. In TSL’s latest column, Emily Osborne discusses the HMRC’s focus on high […]
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Premier League clubs clear tax arrears as football governance report looms
By Steve Menary 16 June 2011 The Premier League’s clubs have cleared their entire backlog of tax debts to Her Majesty’s Revenue & Customs (HMRC), a well-timed development ahead of a government report into the governance of football that could pose difficult questions over the financial affairs of clubs in the world’s richest club competition. […]
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REVEALED: English football’s tax debt was £22m ‘at low ebb’ in 2010
By Steve Menary 15 March 2011 Clubs from the Premier League owe millions of pounds in tax payments, including VAT, despite being rich enough to pay player’s salaries that run into six figures per week in some cases, according to findings from a Freedom of Information inquiry (FOI) published for the first time here today. […]
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THE SPORTS LAWYER: The big issue with sport and the tax man; and what’s so hot about EFRBS
** THE SPORTS LAWYER is actually a posse of Britain’s brightest lawyers, from the Sport & Media team at UK law firm, Thomas Eggar, who will be contributing features, analysis and insight on a regular basis on the key sports law issues. In TSL’s latest column, Emily Osborne, associate, explains why HMRC is so taxing […]
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