Simply obscene

No way will he be paying 45% tax. He'll be set up as a limited company so at a maximum paying corporation tax at 26% or whatever it is. He's then able to take "loans" from the company at a very favourable tax rate because it's now not an income. It's likely there'll be image rights and various other things that will be funnelling money through legitimate tax avoidance schemes. He'll be paying a lot comparatively, but certainly not as much as he would be if he was on PAYE.
 
No way will he be paying 45% tax. He'll be set up as a limited company so at a maximum paying corporation tax at 26% or whatever it is. He's then able to take "loans" from the company at a very favourable tax rate because it's now not an income. It's likely there'll be image rights and various other things that will be funnelling money through legitimate tax avoidance schemes. He'll be paying a lot comparatively, but certainly not as much as he would be if he was on PAYE.

If that is the case, then his 'Limited company' will be on Companies House website along with a copy of his filed accounts.

Please can you direct me to his Limited company
 
There are a good few far bigger earners than footballers in this country, rarely do they get the grief footballers do. It is not a footballers fault that their employers, at the top end, are flush with money. They, like anyone else, do the best they can, to earn what they can. The real problem is how football is structured. Sky and the greed of the Premier league and its members are to blame in this country. Footballers are traded as a commodity but get rewarded well if they perform to expectation, their stock rises and falls based on their dedication and talent. Some never get the big bucks, some get lucky and steal a living (Rudy) some get fortunes from day 1.

How they spend their money is their business, if we had their money we would all have posh houses, exotic holidays and model wives. Most people live their lives to the level of income a lifestyle can afford. The fact they are young, in the public eye, the paparazzi will be all over them looking for the money snap. They will find privacy hard to come by. Jealous numbnuts will always try to wind them up in clubs, restaurants, just walking down the street. They pay huge amounts in tax that helps keeps our tax rates down. The real issue is not how they spend it, it is how they conduct themselves in doing so, some are brighter than others in self conduct.
 
Manchester United defender Victor Lindelof, 26, has been thanked by Swedish police for catching a thief who robbed an elderly woman. (Sky Sports)

;) his defensive partner isn't really helping him out either.
 
And is that his company that MUFC pay his wages into is it?

Or is that his investment company he has as well as his earnings via MUFC?
I'm not arguing in any way Marv but you seemed to seriously doubt that he would operate through a Ltd Company either wholly or partially. He does have a Ltd Company and his occupation is described as 'footballer'. The 'nature' of his business strongly suggests to me that part of his remuneration from Man Utd is paid as image rights into his Ltd Company which would therefore avoid paying the full rate of tax and Man Utd's Employer NIC liability would be reduced.
 

Attachments

  • Screenshot_20200825-134451_Samsung Internet.jpg
    Screenshot_20200825-134451_Samsung Internet.jpg
    214.5 KB · Views: 6
What could Rashford do with £60k?
How many kids could he feed?
That's why it's obscene in my eyes. Had it been a quiet night out without incident then we wouldn't be having this discussion of course, but it doesn't sound like a quiet night was part of the plan.
 
I'm not arguing in any way Marv but you seemed to seriously doubt that he would operate through a Ltd Company either wholly or partially.

I've not once said I doubt he would operate through a Ltd company either wholly or partially.

If he is operating via Ltd company legally, then what is the problem?

Surely everyone minimises their tax bill, legally, regardless of the amount of earnings?

If he's allowed to minimise his tax bill with legal loopholes, then that's his choice. He shouldn't be judged on it.

Blame the tax laws, not him.

Also, your surmising some or part of his remuneration from MUFC is paid into the Ltd company by ways of image rights (or other means).
 
I used to work for HMRC doing self assessment. It’s been a while and not naming any names I did a few premier league footballers

1 former England international (I think retired might not be like) was paid £6 million via PAYE. Along with his premier league footballing job he was self employed as a forester in Ghana. That made a £500,000 loss which was being offset and giving a tax refund
 
I had a Ltd company for years and these days it is quite difficult, I would imagine, to get outside of IR-35 as a footballer. Not sure how they manage it, if indeed they do. I guess they can employ people, which would get them outside of the hidden employee catchall.
 
I'm sure i read somewhere a few years ago..... anything you see quoted as a footballers wage is always after tax

So if they're on 120k a week, it's after tax, so their 'real wage' would be what 200k week? at a 40% tax rate
 
Hmrc tackled this a few years ago. There may be some players with earnings for image and promotions that go through a company, but most of the income is PAYE. They are allowed to put a lot into pensions and thus avoid tax on that.
 
Back
Top