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Tevez payslip

Absurdistan
Absurdistan Posts: 8,024
in Other Football and Sports
Looks like the taxman loves the premier league. Must hurt to pay 340,000 to HMSC in 1 month (LOL)

image
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Comments

  • Absurdistan
    Absurdistan Posts: 8,024
    Notice FA fines are tax deductable
  • Ormiston_Addick
    Ormiston_Addick Posts: 8,818
    Absurdistan said:

    Looks like the taxman loves the premier league. Must hurt to pay 340,000 to HMSC in 1 month (LOL)

    image

    Yes, but on the plus side he does get to keep £408,000 per month, I am sure he'll be able to keep the wolves from the door this month.

    This is three years old by the way, he's probably on a lot more now!
  • ValleyGary
    ValleyGary Posts: 38,192
    Not sure why everyone is so shocked about this...we all already know how ridiculous players wagers are
  • guinnessaddick
    guinnessaddick Posts: 29,084
    Absurdistan said:

    Notice FA fines are tax deductable


    £24 fine, is it worth it? They are fined the same as a Sunday morning player.
  • Arry Addick
    Arry Addick Posts: 1,173
    Tevez was at Man Utd for 08/09 season....he left that summer.
  • guinnessaddick
    guinnessaddick Posts: 29,084
    Arry Addick said:

    Tevez was at Man Utd for 08/09 season....he left that summer.

    Yes, he left for more money!
  • cafc999
    cafc999 Posts: 4,990
    Do not believe that this is real. Most of these footballers are 'limited companies'. In other words, their company gets paid gross and they get a dividend. This ensures that they ay a much smaller rate of tax. In other words, tevez would only pay approx 20% tax on that money.
    No right minded individual on that size of salary would be PAYE and attract 40-51% tax.
    There is also things like image rights and other bonus payments not showing.
  • Kap10
    Kap10 Posts: 15,640
    I see he was part of the Parliament expenses scandal getting an MP bonus
  • Henry Irving
    Henry Irving Posts: 85,482
    The pay slip is from March 2010
  • sm
    sm Posts: 2,973
    Well at least he paid more tax than Starbucks and he probably makes a better cup of coffee!

    He has gone up in my estimation for paying a fair whack of tax in relation to his income.

    PS Cafc999 - it doesn't quite work like that - the dividends would be taxed as though they were earned income not dividends - the savings come in national insurance contributions.

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  • Friend Or Defoe
    Friend Or Defoe Posts: 18,182
    Macclesfield.
  • colthe3rd
    colthe3rd Posts: 8,486
    Henry Irving said:

    The pay slip is from March 2010

    But why would City be paying his wages for his time at United?
  • Henry Irving
    Henry Irving Posts: 85,482
    http://news.bbc.co.uk/sport1/hi/football/teams/m/man_city/8150002.stm

    Joined City in July 2009
  • ValleyGary
    ValleyGary Posts: 38,192
    edited November 2012
    colthe3rd said:

    Henry Irving said:

    The pay slip is from March 2010

    But why would City be paying his wages for his time at United?
    Im confused now. He joined City in 2009, its dated March 2010 and Man City is on the payslip. Man Utd shouldnt come into it.
  • cafc999
    cafc999 Posts: 4,990
    sm said:

    Well at least he paid more tax than Starbucks and he probably makes a better cup of coffee!

    He has gone up in my estimation for paying a fair whack of tax in relation to his income.

    PS Cafc999 - it doesn't quite work like that - the dividends would be taxed as though they were earned income not dividends - the savings come in national insurance contributions.

    cheers for that sm, i don't know the full in's n outs of ltd company taxation but i know he would pay less.
    I have also found out that some of these lads do not get paid monthly. When beckham played for real madrid those players only got paid twice a year!! It was big bucks though
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 36,276
    it's fake anyway. You need to have your real name on the slip and Tevez isn't his real name.
  • North Lower Neil
    North Lower Neil Posts: 23,123
    Believe it's real, mate of mine works for a football website and put it up, they got a letter from Tevez's lawyers (the amazingly named Teacher Stern solicitors) demanding they take it down as it was a confidential document.
  • colthe3rd
    colthe3rd Posts: 8,486
    ValleyGary said:

    colthe3rd said:

    Henry Irving said:

    The pay slip is from March 2010

    But why would City be paying his wages for his time at United?
    Im confused now. He joined City in 2009, its dated March 2010 and Man City is on the payslip. Man Utd shouldnt come into it.
    You're not the only one. Why would his payslip be from City dated March 2010 but have 08/09 (when he was at United) on it at the top?
  • ValleyGary
    ValleyGary Posts: 38,192
    edited November 2012
    colthe3rd said:

    ValleyGary said:

    colthe3rd said:

    Henry Irving said:

    The pay slip is from March 2010

    But why would City be paying his wages for his time at United?
    Im confused now. He joined City in 2009, its dated March 2010 and Man City is on the payslip. Man Utd shouldnt come into it.
    You're not the only one. Why would his payslip be from City dated March 2010 but have 08/09 (when he was at United) on it at the top?
    Name of the company? its probably fake anyway!
  • Woodsywood
    Woodsywood Posts: 991
    It is fake

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  • colthe3rd
    colthe3rd Posts: 8,486
    ValleyGary said:

    colthe3rd said:

    ValleyGary said:

    colthe3rd said:

    Henry Irving said:

    The pay slip is from March 2010

    But why would City be paying his wages for his time at United?
    Im confused now. He joined City in 2009, its dated March 2010 and Man City is on the payslip. Man Utd shouldnt come into it.
    You're not the only one. Why would his payslip be from City dated March 2010 but have 08/09 (when he was at United) on it at the top?
    Name of the company? its probably fake anyway!
    Sort of what I'm suggesting, but some here seem to believe it.
  • JiMMy 85
    JiMMy 85 Posts: 10,220
    Was the Man City Ltd Company re....somethinged when they were taken over? Is that why it has a year on the end, like when we were re-whatevered in 1984? Man, my business terminology is terrible.
  • charltonkeston
    charltonkeston Posts: 7,405
    fake
  • man_at_milletts
    man_at_milletts Posts: 5,660
    Seems hard to beleive somebody earning that amount in this industry is on PAYE.
  • EGAddick
    EGAddick Posts: 532
    cafc999 said:

    sm said:

    Well at least he paid more tax than Starbucks and he probably makes a better cup of coffee!

    He has gone up in my estimation for paying a fair whack of tax in relation to his income.

    PS Cafc999 - it doesn't quite work like that - the dividends would be taxed as though they were earned income not dividends - the savings come in national insurance contributions.

    cheers for that sm, i don't know the full in's n outs of ltd company taxation but i know he would pay less.
    I have also found out that some of these lads do not get paid monthly. When beckham played for real madrid those players only got paid twice a year!! It was big bucks though
    This isn't exactly true. Footballer's are employees and therefore liable to tax earned on any income no different to anyone who works for a company that is registered in the UK. It is true that some footballers divert income, ie bonuses and sponsorships to Limited companies in the hope of paying corporate tax but this money, as someone has pointed out, is just as liable to the same levels of taxation if and when the individual takes a dividend.

    Tax is essentially based on your individual working situation as well as your domesticity. Where an F1 driver can work for a British based F1 team, he can choose to live in Monaco and pay no tax so long as he is not in the UK for more than 91 days a year. A footballer, playing for a British team, would find that very difficult to achieve.

  • bigstemarra
    bigstemarra Posts: 5,100
    Weren't City renamed 'Citeh 08/09 Ltd' or somesuch when they were taken over, like Jimmy said?
  • Addickted
    Addickted Posts: 19,456
    So his first salary from Citeh would have been July 2009. His year to date figure is £7.9 - that's for 9 months.

    With a gross monthly salary of approx £750k, he would have 'only' earned £6.7m. It doesn't compute.
  • Strasburger
    Strasburger Posts: 958
    Addickted said:

    So his first salary from Citeh would have been July 2009. His year to date figure is £7.9 - that's for 9 months.

    With a gross monthly salary of approx £750k, he would have 'only' earned £6.7m. It doesn't compute.

    Signing on bonus? Other bonus before this pay slip?
  • cafc999
    cafc999 Posts: 4,990
    EGAddick, you are kind of right. However, if you we're a footballer on say £10 million a year and you where PAYE you would be liable to 40-50% tax and a load of national insurance contributions. Now, change that to a ltd company and pay yourself minimum wage. You are now only paying minimal tax and NI and your company is only liable to corporation tax (which I think is about 20%). They would also 'employ' theire wives, family, etc,etc
    Bare in mind these guys employ top accountants so they legally pay minimal tax by claiming business expenses.
    I know a few people who run there own company that do this, yet they work for big companies non stop
  • EGAddick
    EGAddick Posts: 532
    It's completely irrlevant if 'these guys employ top accountants' if you are a UK domicile and earn income here you are subject to UK tax. Footballers will be paid in separate ways, they will be an employee of a football club but they can earn sponsorships and things like 'image rights' as a director of a company - this, as you point out is taxed differently, but in the vast majority of cases footballers pay tax as employees and if they're earning the sums that are routinely quoted it'll be the top rate.

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