Football: Taxation

HM Treasury written question – answered on 9th February 2018.

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Photo of Eddie Hughes Eddie Hughes Conservative, Walsall North

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of tax that professional football clubs have paid on player transfers in each of the last five years.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The information requested cannot be provided as it is not collated centrally by HMRC. Football transfer fees are subject to VAT according to the normal rules. Any profits made by football clubs are subject to Corporation Tax in the usual way. Payments made to players as part of their transfer, such as signing-on fees, are taxable as earnings.

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