1. Home
  2. Chat
  3. HMRC to Start Charging National Insurance to Players

HMRC to Start Charging National Insurance to Players

In the News

Wealthy football clubs will have to pay tax on money raised from player testimonials following changes by HM Revenue & Customs.

HMRC confirmed on Wednesday that bodies organising testimonials for retired sportsmen and women will have to pay National Insurance on any money raised above the sum of £100,000 from April. Income tax has applied to testimonials since 2017, further eating into the proceeds.

Mareean
3 months ago
What do you think of this?
Mareean
Mareean
Original Poster
3 months ago

Sanitation1234 so who's your favourite player and how much he is going to pay? You need to be an accountant now.

Like
Reply
4
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
KijManhas
KijManhas3 months ago

Well when a low income labour had to pay the law should be applied on rich gigs too. They can afford to pay and should pay.

Like
Reply
5
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
1
Mareean
Mareean
Original Poster
3 months ago

Sanitation1234 then you are the only person who likes two competitors at same times. Otherwise Messi and Ronaldo's fans take apart each other 😆😆😆

Like
Reply
3
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
1
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
1
WindowShopper
WindowShopper3 months ago

Sanitation1234 so then you are definitely an asian 😆😆😆 Indian, Pakistani or Bungali?

Like
Reply
3
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
Mareean
Mareean
Original Poster
3 months ago

Sanitation1234 oh yes cricket is love and as a born brown I am definitely a fan of cricket though my favourite players have retired ages ago 😆😆😆

Like
Reply
1
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
1
davidstockport
davidstockport3 months ago

Perhaps better worded as "National insurance will not need to be paid on the first £100,000 of any money paid to all those who because of previous occupation (sports injuries) will probably be costing the NHS more than the average - especially as the money paid is usually unnecessary if the wealthy clubs they'd retired from made them multi millionaires before they were crocked or sailed off into the distance on their luxury yachts".

Testimonial matches in the distant past were perhaps necessary - but now they're just another way of ripping off the "not so wealthy" fans, many of whom will turn up at the grounds in a very expensive football kit on match days, it's probably cost them a weeks dole, and then pay to get in, but I've never heard of even one of the poor buggers getting a game yet.

Like
Reply
1
Sanitation1234
Sanitation12343 months ago

.

Like
Reply
1
One of the UK's largest deal hunting communities

Join for free to get genuine deals, money saving advice and help from our friendly community

Kelsey, Tom
& Deepak
Founders
Founders of Latest Deals
We use cookies (e.g. personalisation, analytics, social media). Find out more.