skip to navigationskip to main content

FREE Consultation

Call us on
01234 355300 or click on the button below

Click Here

Fixed Fee Quote

Call us on
01234 355300 or click on the button below

Click Here

Sign up to our Tax &
Business Tips Newsletter

FREE Consultation

Call us on
01234 355300 or click on the button below

Click Here

Fixed Fee Quote

Call us on
01234 355300 or click on the button below

Click Here

Sign up to our Tax &
Business Tips Newsletter

As Euro 2024 kicks off, tax spotlight takes a Football focus

Newsletter issue – July 2024

Whilst many of you will have been tuned in to watch Europe’s top footballing nations battle it out in Euro 2024 in Germany, back in the UK there has been some attention on a rarely discussed aspect of the beautiful game – tax.

One strand of the conversation has been a debate around the possible introduction of a new 10% tax on Premier League transfers – a subject that has arisen during the election campaign.

The other thread of the discussion has been to do with suggestions that HMRC has missed out on millions of pounds in tax from player deals.

The first point was sparked after comments from the Shadow Culture and Sport Secretary, Thangam Debbonaire, who commented on the recent fan-led review of football governance, which proposed a 10% levy.

However, asked during a round of media interviews later, the Labour Leader Sir Keir Starmer then dashed the idea, saying it was not “part of our plans”.

The proposal from the review chaired by former Conservative MP Dame  Tracey Crouch in 2021 would have meant a tax on transfers between Premier League clubs and also sales involving Premier League and overseas teams. It estimated it would raise £160m per year.



Click here to see how easy it is to switch to Cowley Holmes

Become a Client

To find out 8 great reasons why you should get a quote.

Click Here

Claim your FREE Essential Guide to Understanding your accounts