• More than 100 affected by Revenue’s challenge to film schemes
More than 100 footballers including recently retired Premier League players are in severe financial difficulties and even face bankruptcy, due to demands from Her Majesty’s Revenue and Customs for repayment of huge disputed tax reliefs, the Guardian has learned. Some players who earned six-figure and million-pound-plus salaries during good careers in English football’s current boom time face losing everything.
Around 100 players, said to be in financial “dire straits”, are understood to have sought help from the players’ union, the Professional Footballers Association. Xpro, the welfare organisation for former players, is representing 40 more, according to its chief executive, Geoff Scott. He said all 40 are seriously affected by HMRC demands for the repayment of tax reliefs granted on various investment schemes, with around 20 facing potential bankruptcy and some even homelessness.
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from Sport | The Guardian http://ift.tt/1BRUVhY
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