HMRC have put image rights packages under the spotlight because they are used to boost multi-million pound player contracts, with the extra earnings taxed at a lower rate. “The image rights of the likes of Paul Pogba and Mohamed Salah are undoubtedly worth millions. “But if you are second-choice left back in the Championship getting paid a great deal in image rights payments, that is likely to trigger an investigation. “You may have to make a robust argument to HMRC to show how the value of the image rights has been arrived at. “Despite having a very substantial income, many young footballers don’t get the advice they need when it comes to tax.
Source: Daily Mirror August 09, 2020 20:00 UTC