Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13726)           
UK only International

Premier League teams to suffer from tax change

By Tom Walker    20 Jul 2009

Top English Premier League teams could lose out when recruiting top talent next summer, thanks to a change in UK taxation.

From April 2010 onwards, the basic income tax band will rise from 40 per cent to 50 per cent for those earning more than £150,000.

As a result, big-spending teams such as Chelsea, Manchester City and Manchester United may face wage increase demands of up to 70 per cent from existing players – and possible new signings – who want to offset the increase in the amount of tax they are liable to pay.

According to financial research company Deloitte, the change in tax laws will make the Spanish La Liga a much more appealing prospect for top European players, due to the lower Spanish tax rate. The top rate of tax in the country is currently 43 per cent for non Spanish earners.

However, the rise in income tax levels will not affect the majority of British teams when competing for talent with their European rivals as they may not be earning as much as players signing for the Premier League's "top five".

Peter Hackleton, senior manager at Deloitte's Sport Business Group, said: "Real Madrid has already spent a reported $200m on three players from other European clubs, but we have not yet seen an influx of talent to the Premier League. The reduced value of the Sterling against the euro and the proposed increase in tax are contributing factors to this".

Sign up for FREE ezines

Company profile

Company profile: Life Fitness
The Life Fitness family of brands offers an unrivalled product portfolio, providing customers with access to tailored solutions they need to target every segment of the fitness market.
View full profile >
More company profiles

Featured Supplier

Panatta to showcase innovation at major fitness and bodybuilding events in 2024
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry events around the globe.
View full details >
More featured suppliers

Property & Tenders

Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Location: Verwood, Dorset
Company: AVISON YOUNG
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Location: 15 Concessions across the nation's forests
Company: Forestry England
More properties & tenders

Diary dates

11-14 Apr 2024
Exhibition Centre , Cologne, Germany
22-24 Apr 2024
Galgorm Resort, York
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
More diary dates