HMRC Urged to Scrutinise Tax Implications of Man City Verdict
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HMRC Urged to Scrutinise Tax Implications of Man City Verdict

Key Takeaways

  • Treasury Committee demands HMRC review Man City's tax status.
  • Independent commission found City guilty of financial regulation breaches.
  • Potential £24m liability identified regarding 'sham' sponsorship deals.
  • Manchester City intends to appeal the commission's decision.
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The UK Treasury Committee has called on HMRC to investigate potential tax liabilities following an independent commission's ruling that Manchester City breached Premier League financial regulations. The club was found to have artificially inflated revenue through 'sham' sponsorship deals.

Reports suggest the club may owe up to £24 million in unpaid taxes and penalties, specifically linked to disguised funding schemes. While Manchester City plans to appeal, the committee is seeking assurance that the tax authority is addressing the public interest surrounding these financial findings.

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