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Analysis — Taxation of Sportspeople in the UK

 
Speed Read: The current tax regime makes competing in UK events unattractive to non-resident sportspeople. HMRC seek to tax sportspeople on both their UK earnings and a proportion of their global endorsement income. Following their success in the Agassi case HMRC are taking an increasingly hardline in calculating the attribution of this income to the UK. Other than the UK only the US seeks to tax sportspeople on a proportion of their global endorsement income and the move to a 50% top rate of income tax will make competing in the UK undesirable for many top sportspeople.
 
The taxation of sports stars in the UK has become increasingly topical in recent years. A number of articles in the mainstream press have highlighted the fact that sportspeople are choosing not to compete...
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