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Claiming Expenses
Tax Solutions for Footballers
If you are a professional athlete, you are subject to the same general rules regarding expenses as other professional trade persons.
Under these rules, you are entitled to deduct a range of expenses incurred in earning the trading profits of your professional activities. The general rule is that expenses must be:
- Not capital in nature, and
- Incurred wholly and exclusively for the purposes of the trade.
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At GTN Sports, we strive to provide comprehensive tax assistance to all our clients. Our specialist tax advisors work closely with you to ensure you understand the tax system and how to deal with HMRC. We guide you through the expenses that can be claimed under the sports player tax refund rules and the filing requirements. Our goal is to help you only pay the tax you owe and manage HMRC tax refunds on your behalf.Â
To find out how we can help you or to arrange a free initial consultation, please contact Richard Watts-Joyce or Rob Derienzo on 0207 100 2126 or complete our contact form.
Tax Rebates for Sports Professionals
Even if your team or sports club pays for some of your expenses, there are various areas where your expenses could be eligible for tax relief. Even if you have not claimed for these before, tax rebates can be backdated by up to four years, and we specialise in advising professional athletes on preparing tax returns and on their eligibility to claim tax refunds on their expenses.
Our clients include domestic sports professionals and those moving to or from the UK on short-term or permanent contracts, or who are present temporarily during exhibition tours and events. We have assisted a diverse range of sports professionals and represent several Premier League and EFL footballers, clubs, owners and agents, as well as those competing in tennis, basketball, golf, cycling, motorsports and esports.
Preparation of Tax Returns
It is critical to have expertise in this area to determine taxation and optimise taxes locally and internationally. We help clients with tax registrations, planning and tax return preparation in both the UK and overseas on a combined basis with a free initial consultation and tailored fixed-fee pricing, so there are no surprises.
Working with our global partner firms, we can also review the tax reporting requirements of UK and overseas income, investments, image rights payments and application of double tax treaties to ensure the correct tax filings and payments are made to the correct jurisdiction.
We are uniquely positioned to help our clients meet their global tax needs wherever their career takes them, all managed through a single point of contact.
Our Tax Services for Sports Professionals
Learn more about some of our specialised Tax Services for Sports Professionals by clicking the links below.
Fixed Fees
GTN Sports believes in transparent pricing. We work on a fixed-fee basis, bespoke to each client, and everything is agreed upon in advance, so there are no surprises along the way. Whether filing an annual tax return or providing ongoing tax planning services, our fixed fees ensure clarity and peace of mind. By choosing GTN Sports as your trusted tax advisor, you can rest assured that your tax matters are in capable hands, allowing you to focus on what you do best – competing in the sport you love.Â
Getting Started with GTN Sports
Experience the advantage of working with a team of highly skilled tax professionals who understand the unique needs of professional athletes and footballers. Partner with GTN Sports and gain peace of mind knowing that your tax affairs are in capable hands.Â
To find out how we can help you or to arrange a free initial consultation, please contact Richard Watts-Joyce or Rob Derienzo
Richard Watts-Joyce
Rob Derienzo