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.
The chair of a cross-party group of MPs has urged the tax authority, His Majesty's Revenue and Customs (HMRC), to thoroughly examine the tax implications of Manchester City's case. The independent commission found the club guilty of all charges related to breaches of the Premier League's financial regulations between the 2009-10 and 2017-18 seasons.
City has repeatedly denied the accusations and indicated they may appeal the decision. The club is said to have utilized shams to disguise the true extent of certain liabilities. The Treasury Committee, responsible for overseeing the policies and administration of HMRC, is now questioning whether the government department has requested the redacted documents within the commission's report.
The report by Tax Policy Associates claims City failed to pay up to £12 million in unpaid tax, which could lead to a penalty of £24 million.
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- HMRC urged to scrutinise tax implications of Man City case sports.yahoo.com
