More footballers than ever are being targeted in tax investigations into image rights deals. An incredible 246 players are now under investigation according to a new report which says the figure has trebled from last year.
HMRC have put image rights packages under the spotlight because they are used to boost multi-million pound player contracts, with the extra earnings taxed at a lower rate.
Big name stars often set up companies to run their image right deals, which are taxed at the 19 per cent corporation tax rate rather than the 45 per cent high-earner income tax rate.
The report, by UK chartered surveyors UHY Hacker Young, says the number of players under investigation has risen. Elliot Buss, partner at UHY Hacker Young said: “HMRC
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