Are Premier League golf equipment avoiding hundreds of thousands of kilos of tax on brokers’ charges which should be paid?
That is what new analysis from the assume tank Tax Coverage Associates, obtained solely by Newsnight, suggests. Between 2019 and 2021 the suggestion is that high golf equipment prevented as much as 1 / 4 of a billion kilos in numerous types of tax by a apply known as ‘twin illustration’ – that is the place an agent represents and is paid for by each the participant and a membership.
Newsnight can reveal that HMRC is investigating “various golf equipment” within the high two leagues of English soccer over their use of the tax apply – which is widespread throughout the business, and stays authorized.
Newsnight’s Economics Editor Ben Chu investigates.
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