Hull “Tigers” v HMRC ruling in Accountancy Daily- our advisers examine its lessons

In Accountancy Daily on 1st July, Jon Elphick and Sian Armitage examine lessons from the recent ruling in the AFC Hull “Tigers” v HMRC First Tier Tribunal. Read the article here:- https://www.accountancydaily.co/football-players-image-rights-taxable-earnings The tribunal ruled that Hull’s payments for the image rights of one of its high profile footballers, Geovanni Gomez, constituted a golden hand…

Details

An opportunity of a lifetime for the Lionesses? FIFA World Cup 2019

The Opportunity of a Lifetime? The FIFA Women’s World Cup kicked off in France on June 7th, and there’s a genuine feeling of excitement amongst those involved that the tournament represents a game changer for women’s football.  With the quarter finals around the corner we explore an opportunity that could present itself to the current…

Details

Image Rights – a Guide for Tax Advisers examined by Jon Elphick in Taxation Magazine

The recent Hull AFC versus HMRC tribunal judgement has been examined in an article by Jon Elphick which was published in Taxation magazine. https://www.taxation.co.uk/Articles/image-rights-and-hmrc Jon’s  analysis centres on “Geovanni” who is a well known, retired Brazilian footballer. He was signed to Hull City AFC Tigers in 2008 by way of an employment contract. However, his…

Details

Jon Elphick comments on Kellogg’s dispute with Thanasi Kokkinaikis over Special K trademark

On 8 June 2017, the American cereal manufacturer Kellogg Company (‘Kellogg’s’), which owns the ‘Special K’ trade mark in Australia, and professional tennis player Thanasi Kokkinakis, hit the headlines due to a local trademark dispute over commercial use of his nickname ‘Special K.’ In this article, Richard Millington, Partner and Sports Practice Lead at Shoosmiths…

Details

‘How to structure image rights companies for international athletes working in the UK’

There appears to be an increasingly common misconception in the media that international athletes set up image rights companies as a ‘tax dodge’ or part of a ‘secret deal’ in an illegitimate attempt to reduce their UK tax liabilities. In the author’s experience, such comments bear little resemblance to the requirements for any image rights…

Details

Playing the game: UK’s approach to taxing sports stars

Successful athletes need well-considered tax planning.  This is especially so for athletes who compete internationally, as doing so can add layers of complexity to their tax liabilities.  This article offers a high level examination of the UK’s approach to taxing sports stars. It looks at the position of both athletes who are “resident” in the…

Details