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Could the Salary Cap situation be about to change forever?
Posted: Tue Sep 25, 2007 3:02 pm
by Matthew
Offshore payments maybe about to become obsolete...
http://news.bbc.co.uk/1/hi/business/7011849.stm
Re: Could the Salary Cap situa...
Posted: Tue Sep 25, 2007 4:43 pm
by GeoffN
This leaves about 40,000 people whom the Revenue believe have not complied fully with UK tax law and who could now face fines up to 100% of their backdated taxes, and in extreme cases, prosecution.
Shall we send them some names?
Let's see, now...Sculthorpe, Long, Cunningham, Wellens, Pryce, Fozzard etc etc....
Re: Could the Salary Cap s...
Posted: Tue Sep 25, 2007 5:51 pm
by medlocke
Bet they're all plopping bricks down KR way
Re: Could the Salary Cap situa...
Posted: Wed Sep 26, 2007 12:07 am
by DaveO
I saw that but it seems to me its going to be a long haul to get the info from all those banks.
What it may do is prevent clubs saying to players that will be signed
in future that the club can guarantee a large part of the wages are going to be tax free. Witht he tax man doing this it would be very poor form for a club to tell a player his wages will be tax free and then him get lumbered with a bill from the IR.
Dave