Member Since: 15 Apr 2015
Location: UK
Posts: 1683
Agreed - not trying to suggest that Man City is any different to any other top flight club.
But you're spot on about amateurs who achieve that level and still work for a living.
15th May 2020 10:02 am
Disco_Mikey
Member Since: 29 May 2007
Location: Dundee, Scotland
Posts: 20844
Scott #55 wrote:
Hasn't Hamilton arranged things so that he's a tax exile? The footballers might be getting paid large sums of money, but something approaching 50% will be going back into the Exchequer through tax and NI. That pays for a lot of doctors and nurses.
I highly doubt it. They will have some clever accounting tricks going onMy D3 Build Thread
Member Since: 07 Apr 2014
Location: Here
Posts: 13556
Of course, if the UK had a tax system like the US where you pay tax back to the US Treasury no matter where you are, it would be a moot point where top sports stars resided.Visiting from rrsport.co.uk
2012 RRS SDV6
2008 RRS TDV8
"When you fire that first shot, no matter how right you feel, you have no idea who's going to die! You don't know who's children are going to scream and burn. How many hearts will be broken. How many lives shattered. How much blood will spill, until everybody does what they were always going to have to do from the very beginning: SIT DOWN AND TALK!"
15th May 2020 10:17 am
Scott #55
Member Since: 15 Apr 2015
Location: UK
Posts: 1683
Disco_Mikey wrote:
Scott #55 wrote:
Hasn't Hamilton arranged things so that he's a tax exile? The footballers might be getting paid large sums of money, but something approaching 50% will be going back into the Exchequer through tax and NI. That pays for a lot of doctors and nurses.
I highly doubt it. They will have some clever accounting tricks going on
Anyone who makes full use of the provisions of tax legislation is entitled to keep whatever they can. The ones at fault are those drafting the legislation, not those using it.
15th May 2020 10:59 am
rrhool
Member Since: 28 Aug 2014
Location: Norfolk
Posts: 4525
^^^ Agreed.
People get confused between morals and law.Richard
D3 SE 2007. Triumph 2.5Pi 1973. Ferguson TEA20 1948.
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Discovery 1 300Tdi ES '95 - Gone
Range Rover Classic '79 - Gone
15th May 2020 12:19 pm
G15MTS
Member Since: 28 Oct 2019
Location: Stockholm
Posts: 118
Agreed Scott #55.
I had a friend who used to 'think it was cute that we believe tax loopholes are accidents'....
15th May 2020 12:21 pm
dantheman
Member Since: 12 Mar 2010
Location: Essex
Posts: 1739
Copy of an Arsenal players wage slip.
Today is the oldest you've been and the youngest you'll ever be again.
15th May 2020 12:34 pm
Scott #55
Member Since: 15 Apr 2015
Location: UK
Posts: 1683
So on a salary of £2.587m, the government rakes in £1.558m, or 60% (including all NI).
15th May 2020 1:05 pm
RRSTDV8
Member Since: 07 Apr 2014
Location: Here
Posts: 13556
dantheman wrote:
Copy of an Arsenal players wage slip.
It must be so cool to see quarter of a million as your monthly salary. 8)
Less cool to see the net, however... Visiting from rrsport.co.uk
2012 RRS SDV6
2008 RRS TDV8
"When you fire that first shot, no matter how right you feel, you have no idea who's going to die! You don't know who's children are going to scream and burn. How many hearts will be broken. How many lives shattered. How much blood will spill, until everybody does what they were always going to have to do from the very beginning: SIT DOWN AND TALK!"
15th May 2020 1:29 pm
RRSTDV8
Member Since: 07 Apr 2014
Location: Here
Posts: 13556
rrhool wrote:
^^^ Agreed.
People get confused between morals and law.
Indeed. I pay what my accountant tells me I owe the tax man and the VAT man, no more, no less. I must admit that I don't make use of all of the little bits and pieces that one can claim - Xmas party etc. - because I don't feel the need. Maybe I should but...Visiting from rrsport.co.uk
2012 RRS SDV6
2008 RRS TDV8
"When you fire that first shot, no matter how right you feel, you have no idea who's going to die! You don't know who's children are going to scream and burn. How many hearts will be broken. How many lives shattered. How much blood will spill, until everybody does what they were always going to have to do from the very beginning: SIT DOWN AND TALK!"
15th May 2020 2:03 pm
rrhool
Member Since: 28 Aug 2014
Location: Norfolk
Posts: 4525
It's the same with all the big companies. If the law doesn't require them to pay tax, why would they. I'm not sure you can go to HMRC and voluntarily pay more tax that you should?Richard
D3 SE 2007. Triumph 2.5Pi 1973. Ferguson TEA20 1948.
Discovery 2 4.0 ES 2001- Gone
Discovery 1 300Tdi ES '95 - Gone
Range Rover Classic '79 - Gone
15th May 2020 2:17 pm
RRSTDV8
Member Since: 07 Apr 2014
Location: Here
Posts: 13556
It's not just companies. I remember one of my Grans tried to have her cold weather allowance cancelled. She said she didn't need it - had a good enough pension for her needs - so wanted the money to go elsewhere. No can do - the system doesn't allow for it. She was advised to give the money to charity, I believe, if she wanted it do good elsewhere.
I have no doubt that if you tried to pay too much tax, they'd notice and send the excess back to you. They certainly do with individuals, anyway.Visiting from rrsport.co.uk
2012 RRS SDV6
2008 RRS TDV8
"When you fire that first shot, no matter how right you feel, you have no idea who's going to die! You don't know who's children are going to scream and burn. How many hearts will be broken. How many lives shattered. How much blood will spill, until everybody does what they were always going to have to do from the very beginning: SIT DOWN AND TALK!"
15th May 2020 2:58 pm
LT
Member Since: 31 Dec 2005
Location: South West
Posts: 23832
rrhool wrote:
It's the same with all the big companies. If the law doesn't require them to pay tax, why would they. I'm not sure you can go to HMRC and voluntarily pay more tax that you should?
You can make, "patriotic gifts." This is a tradition dating back to the Napoleonic wars and the National Debt Reduction Act of 1823, in which citizens help reduce national debt by gifting money to the Treasury.2006 D3 HSE (Original & still the best)-GONE
2010 D4 HSE (A bit bling)-GONE
2014 D4 HSE (Almost too bling)-GONE
2015 D4 HSE (A heated what?)-GONE
2016 D4 Landmark (Written Off)-GONE
2016 D4 Landmark (Surely the last!) PD1881 rims-GONE
2017 FFRR SDV8 Autobiography (now semi-retired)
Our family know a whole range of former and current Liverpool players socially - ranging from 'Big Ron' Yeats back in the 70s through to some of the current squad - the more recent players less so than the older ones.
Back in their day the likes of Toshack and Heighway had supplementary incomes such as the local sports shop (I know one former Chelsea player who ran a motor factors); Hansen, Dalgleish etc managed to set themselves up from football related activities whilst appearing to play endless games of golf. However, some of the less well advised from the 80's and even 90's are now living relatively modest lives.
What sets the current generation of players apart is thet they have no need to do anything supplementary in order to generate income. Whilst there are some complete to55ers that the media like to expose, the vast majority of the players do a hell of a lot of good through charity work - especially childrens hospitals and homes, but numerous other 'unseen' examples too.
I don't blame them for earning what they do - hell, I would have done the same if I didn't have two left feet - it is 'the system' that has led to such huge wages. However, they do entertain a lot of people, week in week out, and are often misjudged IMHO.
To add to that, Ray Clemence owned a courier company whilst playing at Liverpool, had a number of Tansit vans with a pair of goal keeping gloves on the doors with Safe Hands written underneath.
Not important, just a bit of trivia.
15th May 2020 9:56 pm
Dusty
Member Since: 23 Sep 2013
Location: London
Posts: 1022
RRSTDV8 wrote:
dantheman wrote:
Copy of an Arsenal players wage slip.
It must be so cool to see quarter of a million as your monthly salary. 8)
Less cool to see the net, however...
Whatever the tax regime I wouldn’t mind take home pay of £160k Discovery 4 HSE
SDV6
2015
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