UK Tax Body Opened Probe Into Man City in 2018: FT
The tax probe began after leaked emails raised questions about whether the club used complex deals to cut its tax bill.
- On Wednesday, the Financial Times reported that UK tax authorities have kept an investigation into Manchester City open since 2018, examining whether the club used complex arrangements to reduce tax liabilities.
- HM Revenue & Customs initiated the inquiry following leaked club emails published in the German weekly Der Spiegel in late 2018, after an independent commission found City guilty of more than 100 breaches of Premier League financial rules.
- Deals reportedly inflated revenues and reduced costs by more than £900 million between 2009 and 2018. Since Sheikh Mansour bin Zayed al-Nahyan's 2008 takeover, the team has won eight Premier League titles and one Champions League trophy.
- Last week, British Prime Minister Andy Burnham, the former mayor of Manchester, praised the Emirati owners and said he would be "really concerned to lose them." Downing Street later emphasized that no one is "above the rules."
- The scandal threatens to tarnish a key example of Abu Dhabi's "soft power" while confronting the UK with a delicate balancing act in preserving long-standing ties with the Emirates. HMRC has taken no action against the club.
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The survey, the Ft reveals, started in 2018 after publications on the German media (ANSA)
Radio France Internationale
France24UK tax body opened probe into Man City in 2018: FT
HM Revenue & Customs opened the probe following the publication of leaked club emails in the German weekly Der Spiegel in late 2018, the FT said, citing "people with knowledge of the situation". The investigation -- which does not involve allegations of deliberate fraud -- was never formally closed -- and HMRC has taken no action against the club. Contacted by AFP, the tax office declined to comment, citing taxpayer confidentiality. Abu Dhabi-ba…
UK tax authorities opened an investigation as early as 2018 to determine whether Manchester City had used complex mounts to reduce its taxes
Hämeen Sanomat
British tax authorities have launched an investigation into the activities of football club Manchester City and whether the club may have committed tax fraud.
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