Football: Taxation
(asked on 5th September 2017) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government whether HMRC collects any revenue from football club transfer payments.
This question was answered on 18th September 2017
Football transfer fees are subject to VAT according to the normal rules. Any profits made by football clubs are subject to Corporation Tax in the usual way. Payments made to players as part of their transfer, such as signing-on fees, are taxable as earnings.