Our Senior Partner, Chris Nott, was featured in the Accountancy Age commenting on the news that Newcastle United football club has lost a challenge in the High Court over the HMRC's seizure of documents as part of its investigation into the club’s suspected income tax and National Insurance fraud.
“The football industry is infamously creative in the way it goes about structuring the huge amount of money it pays to bang average players and has been for many years.
It’s widely known that HMRC will outlaw all of the edgier practices – and it’s clear, by now, what’s acceptable, and what’s not.”
Newcastle United football club has lost a challenge in the High Court over the legality of HMRC’s seizure of documents as part of raids of club premises in April. The taxman obtained search and seizure warrants as part of the its investigation into the club’s suspected income tax and National Insurance fraud, with HMRC officer Lee Griffiths stating the club had “systematically abused” the tax system. The club contended that HMRC had no reasonable grounds to suspect tax fraud.