LONDON (AP) - Britain’s tax authority has launched a clampdown on tax evasion in soccer to ensure players are not dodging payments during the country’s economic turmoil.
A specialist team within Her Majesty’s Revenue and Customs is investigating whether any soccer players are exploiting a loophole during transfers by getting their agents’ fees paid by the buying club or a third party.
The tax authority says it is “aware of a potential tax issue concerning the payment of agent fees and are taking steps to ensure the tax rules are respected.”
HMRC says that “when a third party pays a fee to an agent acting on behalf of an employee, the fee may count as part of the employee’s taxable earnings and so be liable to tax.”
Please read our comment policy before commenting.