Published • loading... • Updated
UK's HMRC declines to say if it is investigating Man City
HMRC said it has carried out 68 football inquiries and generated £110 million in additional revenue as scrutiny of City’s finances grows.
- On Wednesday, Britain's tax authority HMRC declined to reveal whether it is investigating Manchester City's finances, citing taxpayer confidentiality rules as parliamentary scrutiny of the Premier League club intensifies.
- Treasury Committee Meg Hillier prompted the inquiry after an independent commission found Manchester City committed over 100 individual breaches of Premier League rules.
- The League alleged the club used "sham" commercial contracts to inflate revenue and understate costs by more than 900 million, though Manchester City denies wrongdoing and filed an appeal.
- HMRC Permanent Secretary J.P. Marks reassured the Committee that the authority "works constructively with bodies within football" and considers action when information indicates potential tax risk.
- Hillier stated her letter aimed to ensure HMRC remains "alive to the seriousness" of the situation, while the authority's compliance work involving 68 inquiries generated £110 million in additional revenue.
Insights by Ground AI
4 Articles
4 Articles
UK's HMRC declines to say if it is investigating Man City
Britain's tax authority (HMRC) declined on Wednesday to reveal whether it is investigating Manchester City's finances, citing taxpayer confidentiality rules as parliamentary scrutiny of the Premier League club intensifies.
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources4
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
