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Agents' fees 2012/13



shaolinpunk

[Insert witty title here]
Nov 28, 2005
7,187
Brighton
http://www.football-league.co.uk/pu...hes-201213-agents-fees-report_2293631_3446970

The Championship
There were 1,341 (1,197) player transactions in 2012/13 of which 431 (422) included the use of an agent.
- In 2012/13, Championship clubs committed to pay £18,567,305 in agents' fees compared with £18,046,180 in the previous year.
- 23 of the 24 clubs committed to pay agents' fees in 2012/13 with Blackpool the exception. In 2011/12, all 24 clubs committed to paying an agent.

With £869,988 spent on agents, we are the 8th highest in the C'ship. Blackburn spent the most with just over £3.5m(!)
 






Stat Brother

Well-known member
NSC Patreon
Jul 11, 2003
73,371
West west west Sussex
Well done Blackpool.
 


Creaky

Well-known member
Mar 26, 2013
3,835
Hookwood - Nr Horley
A lot of the problem associated with agent's fees is the result of HMRC rules.

In the case of writers, for example, then their agents are paid directly by the writer and this can be deducted as a legitimate business expense on the writer's return.

HMRC do not allow footballers to do this so if they pay an agent then they have to do so out of taxed income - so when a footballer is signed clubs have to negotiate two contracts, one with the player and one with their agent.
 






A lot of the problem associated with agent's fees is the result of HMRC rules.

In the case of writers, for example, then their agents are paid directly by the writer and this can be deducted as a legitimate business expense on the writer's return.

HMRC do not allow footballers to do this so if they pay an agent then they have to do so out of taxed income - so when a footballer is signed clubs have to negotiate two contracts, one with the player and one with their agent.
The difference between a writer and a footballer is that a writer is self-employed and a footballer is an employee. Hence the different tax treatment.
 


Creaky

Well-known member
Mar 26, 2013
3,835
Hookwood - Nr Horley
The difference between a writer and a footballer is that a writer is self-employed and a footballer is an employee. Hence the different tax treatment.

Understood - however other expenses related to an individuals employment are allowable under HMRC rules - for example payments to professional bodies.

Actors can be contracted to play a part for a fixed term but are not paid under the PAYE scheme and their agent fees are an allowable expense. Why are they treated differently to footballers on fixed term contracts?
 




The Albion figures are:-

For the Period 1 July 2012 - 30 June 2013:-
29 New Registrations / Transfers
8 Updated Contracts
4 Cancelled Contracts
7 Loans
48 Transactions in Total
Total Amount Committed to Agents: £869,968

The average amount committed to Agents is £18,124.33 per Transaction.
 
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Understood - however other expenses related to an individuals employment are allowable under HMRC rules - for example payments to professional bodies.

Actors can be contracted to play a part for a fixed term but are not paid under the PAYE scheme and their agent fees are an allowable expense. Why are they treated differently to footballers on fixed term contracts?
The Revenue devises specific rules for various categories of worker. Musicians who are members of an orchestra, for example, are taxed on their orchestral earnings through PAYE. Share fishermen have specific tax rules. No doubt actors have and, maybe, footballers do.

HMRC don't think that consistency has to be top priority. Getting the tax revenue collected is what matters most. That means understanding how different industries and professions work.
 



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