The Resource United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport

United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport

Label
United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport
Title
United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport
Creator
Subject
Language
eng
Summary
On 9th December 2010, the UK Government announced the introduction of new legislation to counteract "disguised remuneration" (DR). Although this legislation was not designed with sport in mind, notwithstanding newspaper articles at the time referring to the use of offshore pension plans by footballers, it will nevertheless have an impact on planning in many areas, particularly football. The DR legislation is targeted primarily at employee benefit trusts (EBTs) and employer financed retirement benefit schemes (EFRBSs) - arrangements which are quite often seen in Premier League clubs. This article discusses the restrictions to the tax relief for registered plans, including overview of DR legislation, impact on existing EBTs, impact on existing EFRBSs, settlements and the DR legislation, impact on image rights contracts, and commercial effects
Citation source
In: Global sports law and taxation reports. - Sint-Michielsgestel. - Vol. 2 (2011),
http://library.link/vocab/creatorName
  • Woodhouse, S.V
  • Masterton, D
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • sportsmen
  • remuneration
  • trust
  • retirement
Label
United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport
Instantiates
Publication
Label
United Kingdom : new legislation on disguised remuneration, impact on the taxation of sport
Publication

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