Football, and the high salaries paid to players, came under scrutiny recently in a disagreement between HMRC and Tottenham Hotspur FC over the tax due on employment termination payment. This case highlights the importance of ensuring the different components of termination payments are fully considered, and the correct tax treatment is applied to each component.
Anne Eager wrote about the case and clarified the current and forthcoming new rules concerning tax payable on employment termination payments for Real Business this month.
Read the article on tax payable on termination payments.
If you would like to discuss any aspect of employment tax in more detail, please contact Anne Eager by emailing ae@rjp.co.uk.
http://realbusiness.co.uk/law/2016/10/24/tottenham-fc-kicks-off-employment-termination-payment-tax-clarification/