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Thread: Saracens breaching salary cap, yet again.

      
  1. #21

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    Default Re: Saracens breaching salary cap, yet again.

    I strongly suspect they didn’t want to go down that particular rabbit hole because one can go to prison for tax evasion.
    It is thought that Premiership Rugby have investigated before only to decide not to take action because others were doing the same.
    Premiership Rugby could get into trouble for facilitating, so it probably suits everyone not to look too closely. Criminal facilitation is defined in Section 44(4) in Part 3 of the Criminal Finances Act 2017.

    If HMRC decide tax is payable the sums could be backdated until 2006.

    So all 12 clubs have been doing it (to some extent) and for a lot longer than just since 2016.
    Last edited by L'irlandais; 4 Weeks Ago at 11:01.
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    Default Re: Saracens breaching salary cap, yet again.

    Quote Originally Posted by L'irlandais View Post
    So all 12 clubs have been doing it (to some extent) and for a lot longer than just since 2016.
    Reference please (my highlight)?

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    Default Re: Saracens breaching salary cap, yet again.

    Quote Originally Posted by Skids View Post
    Reference please (my highlight)?
    Sources linked (as always) in my previous post. In this particular case a Guardian artilce.
    Clubs fear impact of investigation into image rights 'tax loophole' by Paul Rees
    • Players' image rights payments being probed
    • Clubs could face 'large bill' from HMRC

    First published on Sun 27 Sep 2009 00.10 BST
    HM REVENUE & CUSTOMS, concerned that sports clubs and players might be using image rights as a means of tax evasion, are investigating all 12 Guinness Premiership clubs. County cricket and rugby league are also under scrutiny and top football clubs could be the next target.

    "It is clear that the Revenue sees this area as a potential tax loophole," said one rugby club official, who asked not to be named. "Some clubs face a potentially large bill if the Revenue finds instances of image rights being paid in lieu of salary, thus avoiding PAYE and National Insurance, but there is a feeling that it is using rugby and cricket to establish ground rules before moving on to the biggest football clubs where the potentially big money lies."
    Last edited by L'irlandais; 4 Weeks Ago at 17:01.
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    Default Re: Saracens breaching salary cap, yet again.

    Finally a bit of good news. Premiership Rugby to release report into salary cap breaches. It has not just hit the integrity of Saracens as a club - but the Premiership as a whole. It is hoped the transparency of doing so, will to start to repair reputations of all involved.

    Although, Leicester expect Premiership-wide salary cap inquiry after Saracens scandal.
    Quote Originally Posted by Exeter boss Rob Baxter
    "I'd like to think that this leads to a period where there is a confidence that clubs are working to the salary cap because everyone will be very aware of the consequences if they don't."
    Last edited by L'irlandais; 3 Weeks Ago at 09:01.
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    Default Re: Saracens breaching salary cap, yet again.

    Sky News has early access, apparently.

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    Default Re: Saracens breaching salary cap, yet again.

    Interesting none involved felt buying property for players with interest free loans wasn’t dodgy, in a Sport where players frequently leave to play for another club.

    I think the one of most interest to Inland Revenue and the Premiership on a wider front may well be
    Premiership Rugby said Saracens overpaid Itoje's image rights because he was being underpaid in normal salary so the club could come in under the salary cap.
    Since that 2009 article suggests that is a widespread practice.
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    Default Re: Saracens breaching salary cap, yet again.

    Quote Originally Posted by L'irlandais View Post
    Interesting none involved felt buying property for players with interest free loans wasn’t dodgy, in a Sport where players frequently leave to play for another club.

    I think the one of most interest to Inland Revenue and the Premiership on a wider front may well be

    Since that 2009 article suggests that is a widespread practice.
    Itoje, or his comoany, presumably declared it as income and paid tax on it.
    The HMRC definition of what is income is not the same as what counts towards the salary cap ..

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    Default Re: Saracens breaching salary cap, yet again.

    It is interesting the new Chairman is claiming that Saracens never blocked the publication of the PRL report. One suspects that perhaps there were some other club Chairmen shifting uncomfortably in their seats.

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    Default Re: Saracens breaching salary cap, yet again.

    Quote Originally Posted by beckett50 View Post
    It is interesting the new Chairman is claiming that Saracens never blocked the publication of the PRL report. One suspects that perhaps there were some other club Chairmen shifting uncomfortably in their seats.

    https://www.saracens.com/a-message-to-our-fans/
    He says the *he himself * has never asked for it to be blocked.
    I read into that that the previous regime blocked it.

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    Default Re: Saracens breaching salary cap, yet again.

    Quote Originally Posted by crossref View Post
    He says the *he himself * has never asked for it to be blocked.
    I read into that that the previous regime blocked it.
    Another one of those occasions I agree with CR.
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