Bespoke - for private clients

HMRC’s tax joy at Manchester United’s success

Wednesday, May 25, 2011 | Posted by: Mike Hyland
Categories: Personal | Tags: tax, HMRC, income tax, deficit, Mike Hyland, exemptions, PSBR, sport, Manchester United, football, sports, sports stars, high rate earners, UEFA, concessions, 50% tax rate

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The authorities may not be able to tax Barcelona’s football squad when it comes to Wembley on 28 May but Man Utd’s place in the UEFA Champions League Final will guarantee them a tax bonanza.

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High-end hobbies – horse racing and ownership

Tuesday, May 17, 2011 | Posted by: Fiona Cullinan
Categories: Personal | Tags: investment, HNWI, Bespoke, magazine, Bespoke magazine, hobbies, ownership, sport, horses, sports, Tom Dascombe, syndicate, horse trainer, racehorse, breeding, horse racing

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Racing, once the sport of kings, is now open to anyone – depending on the level of expense you want to spare, from £185 for a syndicate share to £20,000 for your own competitive racehorse. Tom Dascombe, horse trainer, talks about his involvement and we look at four ways to get into the sport.

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Is the UK’s tough tax regime compromising the appeal of sporting events in the UK?

Wednesday, January 12, 2011 | Posted by: Francesca Lagerberg
Categories: Personal | Tags: tax, HMRC, 2012 Olympics, sports, sports stars, Andre Agassi, Usain Bolt, sports personalities, 2011 Champions League, high rate earners 50%

HM Revenue & Customs (HMRC) has one of the most aggressive approaches to the taxation of overseas sports stars in the world. It can even lead to situations where competitors face suffering a UK tax liability in excess of what they could earn in appearance fees or prize money from the tournament. Therefore more and more sports stars are avoiding the UK for tax purposes, denying British fans from seeing their sporting heroes in person.

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