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Newcastle hit with demand for £3.2m over ‘deliberate’ failure to pay tax on transfers

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Club owe HMRC £1.9m in tax and handed £1.25m penaltyRelates to investigation of transfers under Mike AshleyNewcastle United have been hit with a demand for £3.2m from HM Revenue and Customs over a “deliberate” failure to pay tax, according to official disclosures that relate to a near decade-long investigation into player transfers under the club’s former owner, Mike Ashley. The Tyneside club, which has been owned by Saudi Arabia’s sovereign wealth fund since 2021, owes HMRC £1.9m in tax and...

  • Club owe HMRC £1.9m in tax and handed £1.25m penalty

  • Relates to investigation of transfers under Mike Ashley

Newcastle United have been hit with a demand for £3.2m from HM Revenue and Customs over a “deliberate” failure to pay tax, according to official disclosures that relate to a near decade-long investigation into player transfers under the club’s former owner, Mike Ashley.

The Tyneside club, which has been owned by Saudi Arabia’s sovereign wealth fund since 2021, owes HMRC £1.9m in tax and has also been hit with a penalty of £1.25m, the newly released documents show. The bill emerged as a result of the tax authority’s regular publication of a league table of “deliberate tax defaulters”, with Newcastle United featuring at the top of the most recent list, released on Thursday.

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Newcastle (LOCATION) Club (ORG) Mike AshleyNewcastle United (PERSON) HM Revenue (ORG) Customs (ORG) Mike Ashley (PERSON) Tyneside (PERSON) Saudi Arabia’s (LOCATION) HMRC (ORG) Newcastle United (LOCATION)
Originally published by The Guardian UK Read original →