HMRC urged to scrutinise tax implications of Man City case
The Treasury Committee, which is responsible for overseeing HMRC, has urged the body to scrutinise tax implications of the Manchester City verdict.
A cross-party group of MPs has urged His Majesty's Revenue and Customs (HMRC) to scrutinise the tax implications of Manchester City's recent case. The Premier League's independent commission found the club guilty of 114 out of 115 charges related to breaches of financial regulations between 2009-10 and 2017-18. City has vehemently denied the allegations and plans to appeal the decision by Friday.
The commission's report revealed that City artificially inflated revenue through sham sponsorship agreements, with the help of their owners. The Treasury Committee, which oversees HMRC's policies and administration, is now questioning whether the government department has requested the redacted documents from the commission's report.
It is claimed that City could face up to £24m in unpaid tax, penalties, and a potential league penalty. City's appeal will hinge on their claim that key sponsorship deals were funded by the Abu Dhabi government, rather than their owners. The club's principal sponsor, Etihad Airways, is considering legal action against the Premier League over the release of the commission findings.
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