Harry Kane, Harry Maguire and Raheem Sterling ‘among England stars facing tax demands from HMRC worth tens of thousands of pounds following probe into FA’s image rights payments worth around £100,000-a-year to each player’
- A HMRC probe into image rights payments to England stars may be launched
- The Sun claim the FA and lawyers on behalf of the players met with the taxman
- It has been reported that HMRC may demand tens of thousands of pounds in tax
- The FA insisted they are adamant they want all payments to be ‘correctly taxed’
England’s senior players may be involved in a tax probe with HMRC potentially set to demand tens of thousands of pounds from them, according to reports.
The investigation is said to centre on image rights money, which is paid by the FA.
The Sun claim the FA and lawyers on behalf of players met with HMRC last month – and the governing body are adamant they want to see all payments ‘correctly taxed’.
England’s players are reportedly set to be embroiled in a HMRC tax probe over image rights
The likes of Harry Kane (above) and Raheem Sterling are among those facing tax demands
Agreements around image rights see the FA paying its big-name stars for taking part in the promotional and commercial aspects of representing the national team.
It has been reported that Three Lions players will each net around £100,000-per-year in return for their names being used in material.
As part of the same report, The Sun highlighted that footballers will typically set up companies which will be tasked with overseeing their off-field income.
It is claimed Three Lions stars will net around £100,000-per-year to allow usage of their names
Sterling (right) is pictured playing in England’s World Cup qualifying victory over San Marino
These separate firms will pay corporation tax at a rate of 19 per cent.
The top rate of tax for the hefty playing salaries of the athletes, however, stands at 45 per cent in comparison.
It is believed that the taxman is keen to crack down on the payments to companies.
The entirety of Gareth Southgate’s senior squad is said to be involved in the probe.
The entirety of Gareth Southgate’s senior group is thought to be involved in the investigation
An FA spokesman insisted the governing body want to ensure payments are ‘correctly taxed’
An FA spokesman told The Sun: ‘Promotional payments are paid either directly to the player, or into a player’s designated image rights company.
‘The players and the FA have engaged with HMRC to ensure all payments are correctly taxed.
‘These discussions are ongoing and confidential.’