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Why the government love footy..

Discussion in 'Newcastle United' started by I Bleed Black & White, Mar 11, 2011.

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  1. I Bleed Black & White

    I Bleed Black & White Member

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    I have just been shown a copy of the transfer invoice for Alan Shearers transfer to Toon from Blackburn Rovers. (there's a charity auction going down)

    £15m plus 2.625m VAT.

    £2.625m VAT... greedy bastards.

    It got me thinking, does anybody know exactly how much tax is taking from the premier league - Transfers and wages? I bet David Cameron's a Man City fan now..
     
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    I Bleed Black & White, Mar 11, 2011
  2. Cal.

    Cal. Active Member

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    Didn't realise VAT was charged on transfers, so they'll get 20% of any domestic transfer fees now, meaning £7m for Amy and £10m for Torres. Also if they earn over £150k/year, which a lot of footballers do, then 50% of that goes straight on tax if they're paid straight up wages. Although just did a google to try and find more recent/accurate figures and found this, showing some of the ways players evade the bulk of income tax.
     
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    Cal., Mar 11, 2011
  3. Frank_Pingel_Legend

    Frank_Pingel_Legend Active Member

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    Well, this is a new one on me but frankly I'm not surprised
     
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    Frank_Pingel_Legend, Mar 11, 2011
  4. Rumsfeld

    Rumsfeld Member

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    Tax everything
     
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    Rumsfeld, Mar 11, 2011
  5. Hatem Is A Geordie

    Hatem Is A Geordie Active Member

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    Didn't realise that they had tax on that, they must have bagged a fortune on January 31st!
     
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    Hatem Is A Geordie, Mar 11, 2011
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