Premier League squads – has trebled in a year as HMRC embarks on a huge crackdown on image rights deals being used to avoid tax.
Fifty-five football agents are also being probed over their financial arrangements as part of a wider clampdown.Accountancy group UHY Hacker Young said the number of players under investigation had soared from just 87 last year.Elliot Buss from the firm said: “HMRC believes that lots of lesser-known footballers are effectively avoiding tax by getting paid huge sums for image rights that HMRC views as overpriced.”The lucrative deals see players pocket extra cash on top of their salary in exchange for using their image in advertising and endorsements.Alongside world-class stars, even obscure players from lower.
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