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Release Date: Thursday, January 24, 2019 12:07 pm
The Premier League, its clubs and players paid £ 3.3 billion in taxes during the 2016/17 season, a 50% increase over the latest calculation in 2013/14, according to a report d & # 39; EY.
Tax experts also said the high level of English football supported nearly 100,000 jobs and contributed £ 7.6 billion to the UK economy.
The report, however, comes just one day after HM Revenue and Customs confirmed that it was suing 173 players, 40 clubs and 38 agents, through British football, for more than 350 million pounds of unpaid taxes.
It also follows Cristiano Ronaldo's agreement this week with the Spanish authorities, which sentenced him to a fine of £ 16.6 million and a 23-month prison sentence, which he will serve at the advance for tax evasion.
EY's report for the first leagueHowever, the situation is very different, as it highlights the £ 1.1 billion paid by gamblers in income tax and the £ 1.2 billion collected by clubs and their 'supply chains' badociated with VAT.
EY Chief Economist Mark Gregory said, "The Premier League is a globally recognized brand, built on high quality football. The league's global success is fueling its ability to generate economic and social returns in the UK.
"The strength of the Premier League's broadcast offering, which relies on a committed fan base, is key to its success. The Premier League has also become an active member of the global community, offering many business opportunities for the UK.
"Our latest report clearly shows that a Premier League success is a good thing not just for football, but for the entire country."
The government is currently struggling with Brexit, this reference to the global popularity of the Premier League is important.
The Premier League and most club owners remained at the time of the 2016 referendum due to concerns over work permit restrictions imposed on players from the European Union – something that they believe would hamper their competitiveness. – and they now wish the post-Brexit arrangements to be as loose as possible.
As Premier League Executive Director Bill Bush puts it, "It's a simple model: many of the best players in the world play in the best football clubs, in a captivating competition, in front of pbadionate fans, broadcast here and there. worldwide. world.
"Excellent football gives us the economic success needed to invest in our own competitions and provide unprecedented support for the English Football League, youth development, the out-league system and community football.
"The national economy benefits from more than 1 billion pounds of overseas revenue and more than 3 billion in tax revenue because our clubs are fighting so hard for football to be successful."
The Football Association, meanwhile, thinks that Brexit could help the development of young British players by forcing clubs to stop buying ready-made solutions abroad and offer more opportunities to local talent. .
This report is therefore clearly part of the three-way negotiations between the Premier League and the governing body and the government.
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