UK Parliament Committee Seeks Tax Answers on Manchester City Ruling
The UK Parliament's Treasury Committee chair, Meg Hillier, has written to HM Revenue and Customs (HMRC) Permanent Secretary JP Marks, requesting a report on the tax implications of the Manchester City financial breaches ruling. The Premier League previously found Manchester City used “sham” commercial contracts to inflate revenue and understate costs by over £900 million ($1.2bn) over nearly a decade. Hillier sought assurances that HMRC was aware of the findings, had requested the unredacted report, and assessed potential tax implications. She also requested an overview of HMRC's work regarding football clubs' taxation practices.
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