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WindsorBlue's banter posts with other poster's replies to WindsorBlue's banter posts

 

19 Jan 2017 21:16:19
Question for Ed002 - are football players registered as individuals for tax purposes, i. e. paid PAYE, or are they registered as limited companies?

I was listening to a debate on TalkSport earlier about the money footballers earn and it made me think about how much tax they pay. In theory the enormous money from abroad that's pumped into the PL through broadcasting rights and therefore into players' pockets could actually be a huge benefit for the economy, if they are paid PAYE?

WindsorBlue

{Ed002's Note - Actually a really good question but a generally boring answer in the modern day. Back in the fairly recent day (a) all EPL clubs have returned the Revenue's questionnaire regarding the use of trusts and the payments of expenses; (b) a number of EPL clubs were already negotiating a financial resolution; (c) at least one EPL club had already settled with the Revenue was now in discussion with them over some rather more trivial issues that will require a number of players to make settlements; (d) at least one Championship club settled a small amount; (e) at least one EPL club cancelled additional perks (free tickets to games etc.) following some discussions with the Revenue over another issue; (f) There are a number of clubs that made payments in to Trusts; (g) two EPL clubs have settled a separate matter related to the payment of money related to the image rights of a player who has represented both side; (h) that the Revenue are not simply looking at trusts, but at all payments made to and on behalf of players.

There have been instances in the past where players have been paid via offshore trusts, limited companies for services rendered to the club and in tax-exempt oil paintings and cars. These were referred to as “loopholes” and they have pretty much all gone by the board now, although I know of one now ex-EPL player who was until not too long being paid via his residency of Monaco.

The clubs all realise that there was a need to resolve these issues and to settle because the consequences of litigation are potentially very harsh. It won't be perfect, but it won't be that bad. Other counties are ahead or behind England on this but the days of yore have pretty much moved on with respect to abuse.}


1.) 20 Jan 2017 07:52:12
Sounds like a mess to me Ed. Also sounds like some were sailing pretty close to the wind. I am surprised there have not been any cases as per Spain and Messi. Perhaps our tax collectors are more reasonable? lol


2.) 19 Jan 2017 21:49:45
Thanks Ed. I know in Trent years HMRC has moved to close many loopholes such as giving employees gift vouchers as perks etc, and I guess tickets for friends and family given to players would fall into that bracket.

Similarly the ability to pay a company's named directors in dividends at solely 20% corporation tax has been almost completely abolished.

Surely the 'right of substitution' definition on a limited company would also come into effect here, because there is now way you could argue that that would be the case for a professional footballer setting themselves up as a limited company.

That said, it could explain Oumar Niasse.

{Ed002's Note - Much of the limited company, trust type approaches are behind us now.}


3.) 19 Jan 2017 22:36:38
I hadn't thought about the clubs' positions but of course they would have avoided paying statutory levies such as employer's NI, pension, death in service etc if players were registered as limited companies. They would only have paid VAT on invoice values and that could have been reclaimed if the club was VAT registered.

Frightening to think how much players and clubs would have avoided paying given that the legislative changes and loophole closures were so recent.


 

 

23 Jun 2016 20:04:43
Just seen on the SSN whispers board that we have an interest in Mata. Any thoughts on a) whether we have actually shown an interest or b) if anyone else thinks he'd be a decent signing? I for one would take him in a heartbeat.

WindsorBlue

1.) 24 Jun 2016 04:07:24
Mata to slow for Koemans liking, Mane much better option very fast and knows where the goal is.


2.) 24 Jun 2016 06:33:59
Mata would be an outstanding signing and one that would make people stand up and take notice.

He is in his peak at 28 but I'm not sure he will leave United. His wages and fee are going to be huge and whether this would be the right way to spend our money I'm not sure.

If you want impact though this would be the way to do it.


3.) 24 Jun 2016 14:14:41
dero, how is Mata too slow? He bought Tadic at Southampton and he's not exactly fleet of foot. Both base their game on letting the ball do the work and beating the opposition with one pass not beating them for speed.


 

 

27 Aug 2015 18:08:41
Well done Bill Kenwright. Good to see him come out and make that statement.

WindsorBlue

 

 

15 Aug 2015 11:54:12
So we finally get two strikers from the start, but with four defensive/deep lying midfielders. RM is on crack.

WindsorBlue

1.) 15 Aug 2015 14:34:19
What say you now Windsor???


2.) 15 Aug 2015 14:56:07
So many things wrong with this stupid post! Firstly, neither Barkley nor Clev are defensive/deep lying midfielders so how are there 4?

Secondly, all of our wingers are either injured(Pienaar),coming back from injury(Deulofeu,McGeady) or carrying knocks(Mirallas. Who do you expect him to play?

Whingers have a right to whinge, fair enough, but at least talk sense!!


3.) 15 Aug 2015 17:56:53
There is always one that speaks to early lol


 

 

 

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23 Jan 2017 08:34:41
Wasn't Lookman his replacement?

WindsorBlue

 

 

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20 Dec 2016 19:21:57
It was a hospital tackle and he should've gone off. What annoys me more is that Dim White talked about that more than the back to back challenges from Rojo that deserved GBH charges.

WindsorBlue

 

 

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20 Dec 2016 19:20:23
Aside from his head, Gestede offers nothing more than Valencia.

WindsorBlue

 

 

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31 Aug 2016 22:32:25
Not sure you can blame BK for not being able to offer champions league football. Sissoko obviously agreed to join us because we were the only ones who met the £30m valuation at the time. Can't blame him for changing his mind when an offer of champions league football came in, although ignoring calls and getting your agent to give the news is childish. If he shows the same lack of balls on the pitch he won't last long anyway.

Would rather end up with no signings today than Valencia though. No better than Niasse.

WindsorBlue

 

 

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01 Feb 2016 21:05:26
How was he arrogant? He said Martinez had nothing to complain about with decisions because we got away with a penalty in the first leg. He was right. The problem is we can't defend because Stones thinks he is Zidane and we have nobody at the back to command the defence.

Pelligrini is a class act - clever, understated and plays the right tactics against each team. Basically the total opposite of Martinez on all counts. Would love to have him in our dugout.

WindsorBlue

 

 

 

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19 Jan 2017 22:36:38
I hadn't thought about the clubs' positions but of course they would have avoided paying statutory levies such as employer's NI, pension, death in service etc if players were registered as limited companies. They would only have paid VAT on invoice values and that could have been reclaimed if the club was VAT registered.

Frightening to think how much players and clubs would have avoided paying given that the legislative changes and loophole closures were so recent.

WindsorBlue

 

 

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19 Jan 2017 21:49:45
Thanks Ed. I know in Trent years HMRC has moved to close many loopholes such as giving employees gift vouchers as perks etc, and I guess tickets for friends and family given to players would fall into that bracket.

Similarly the ability to pay a company's named directors in dividends at solely 20% corporation tax has been almost completely abolished.

Surely the 'right of substitution' definition on a limited company would also come into effect here, because there is now way you could argue that that would be the case for a professional footballer setting themselves up as a limited company.

That said, it could explain Oumar Niasse.

WindsorBlue

{Ed002's Note - Much of the limited company, trust type approaches are behind us now.}


 

 

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11 Jan 2017 18:29:41
Agreed Ed025. That's why I'll reserve judgement because if he puts a shift in and shows desire then I'll absolutely back him.

WindsorBlue

{Ed025's Note - and thats fair windsor mate..


 

 

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11 Jan 2017 18:06:21
Has anyone seen this Belfodil play? 9 in 19 may not be amazing but still pretty useful, and I'll reserve judgement until I've seen him play. Never heard of him until I saw that we were close to signing him on SSN. That said I hadn't heard of Niasse until I saw that we were close to signing him on SSN either, and we all know how well that went.

WindsorBlue

{Ed025's Note - i have to admit windsor that i had never heard of him, but if it does come to fruition then lets give this guy our support and treat him like we do all players at the club with respect and love..


 

 

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10 Jan 2017 20:13:00
*about being a blue

WindsorBlue