- Guidelines focus on Employer Duties and VAT aspects of football agents’ fees and dual contract representation
- Split in agent fee must be based on commercial reality of contract negotiations
- Allocation of agent fee between player and club services impacts income tax, National Insurance contributions, and VAT liability
- Fees allocated to club or player incorrectly increase risk of HMRC Compliance Check
- Tables illustrate tax impact of agent’s fee paid directly by club and declared as club or player services
- Example assumes agent and club are VAT registered
- Correction of existing VAT return should follow error correction notice outlined in VAT Notice 700/45.
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
