HMRC published Guidelines for Compliance (GfC) — Help with football agents’ fees and dual representation contracts back in May 2024.
The July 2024 Employer Bulletin reminds those to whom it applies.
These guidelines are aimed at all UK football clubs, agents, players and coaching staff. They set out HMRC’s view of the tax position when an agent represents both a club and player during a transfer or contract negotiation. This is known as ‘dual representation’.
HMRC state that these guidelines are there as a practical product to refer to. Read them alongside HMRC’s existing Football clubs: payments to intermediaries guidance.
The guidelines:
- set out HMRC’s views on dual representation contracts
- help clubs, players and agents lower their compliance risk
- detail evidence and documents that customers should keep to support any tax position
- explain HMRC’s view of the latest FA Football Agent Regulations published on 1st January 2024
- set out any payroll reporting obligations
More information on how Guidelines for Compliance help you with tax is available.
The previous PAYadvice article can be found at
PAYadvice.UK 10/7/2024