Retired Premier League players are among more than 100 footballers who face financial ruin as a result of demands from HM Revenue and Customs (HMRC) for what it has said is unpaid tax, but the sports stars said the fault lies with their advisers.
The players are accused of using avoidance schemes to avoid paying tax owed, according to the Guardian. HMRC has challenged a number of schemes that, it argued, took advantage of reliefs aimed at boosting investment in the British film industry. Two of the film schemes being disputed, which were set up and run by the London firm Ingenious Media, had around 70 former and current footballers signed up, including Gary Lineker, David Beckham, Steven Gerrard and Wayne Rooney. Those stars are all thought to be wealthy enough to cover any HMRC demands but the investors also included lesse...
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