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HMRC cracks down on £37 million image rights loophole

tax footballers

PA Images | Sources close to the taxman confirmed to offthepitch.com that it was increasing its focus on overseas players that were suspected of avoiding tax on their image rights payments. The players pictured has nothing to do with the HMRC-investigation.

HMRC cracking down on loophole that allows overseas players to dodge tax on image rights payments. Clubs also saving money on this manouvre.

Players can avoid paying any tax on image rights payments through offshore companies.

HMRC potentially losing £37 million a year in corporation tax from overseas players.

14 May 2020 - 6:37 PM

By Alex Miller

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