Wednesday 26 April 2017

HMRC Raids Newcastle United and West Ham


The Telegraph reports that Newcastle United's St James' Park and West Ham's London Stadium have been raided by Her Majesty's Revenue and Customs following an investigation into the clubs' transfer activity.

Newcastle's managing director Lee Charnley is among those to have been arrested following the raids.

HMRC say they have arrested "several men working within professional football industry for suspected of income tax and national insurance fraud", though there have been no arrests at West Ham.

Action has been taken as tax officers further investigate transfers dating back as far as seven years at both clubs.

The officials have demanded details of every transfer deal undertaken by the clubs over that period including seizing computers and business and financial records. Mobile phones have also been confiscated.

They are examining the deals and the fees paid to players and agents following the transfers in an investigation that is understood to have originated in France.

HMRC confirmed that 180 officers took park in the raids in the UK and France with a number of premises in the north east and south east of England being searched. The arrests are connected to a suspected income tax and National Insurance fraud.

The irony is that the West Ham stadium is publicly funded and Baroness Brady (Karen Brady of The Apprentice) runs West Ham

Tax does have to be taxing.

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1 comment:

  1. That'll be the end of away days at top footie clubs then?
    Unless...?
    Do Do Do Do, Do Do Do Do, Nah, never... ;)

    ReplyDelete