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#Post#: 16588--------------------------------------------------
Re: Elliot Daly
DIR By: Blucherquin
Date: February 8, 2019, 2:16 am
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--- Quote from: Fursty link ---
>
> One of the ways in which a club (I don't know which) used to
get round the salary cap is that they had a club pool of Range
Rovers, these were technically for anyone to use and therefore
didn't convey a benefit on any individual - however only certain
people had the keys to each of them.
>
> I know a couple of people who have worked on the salary cap
audit and they've acknowledged that it's incredibly difficult to
value or even identify all the little extras that players
receive - for example squad trip to Dubai where there's no
training involved - should this be within the salary cap?
>
--- End Quote ---
I don't get this -- bonuses and perks are not part of salary as
far as HMRC is concerned in any other walk of life, so their
salary is their salary. It should be very straightforward to
measure.
Admittedly this would be their declared salary. But as above,
they aren't breaking a law if they mess with the salary cap.
I have no clue - but if I was a "big" player I'd insist on being
paid via a ltd company and funnel all my other benefits and
activity through there. So I assume something happens along
those lines.
#Post#: 16594--------------------------------------------------
Re: Elliot Daly
DIR By: Yareet
Date: February 8, 2019, 3:40 am
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--- Quote from: Blucherquin link ---
>
> I don't get this -- bonuses and perks are not part of salary
as far as HMRC is concerned in any other walk of life, so their
salary is their salary. It should be very straightforward to
measure.
>
> Admittedly this would be their declared salary. But as above,
they aren't breaking a law if they mess with the salary cap.
>
> I have no clue - but if I was a "big" player I'd insist on
being paid via a ltd company and funnel all my other benefits
and activity through there. So I assume something happens along
those lines.
>
--- End Quote ---
“Salary cap” is perhaps a misnomer. “Remuneration cap” would be
more accurate.
In a not unrelated subject, as a recruiter our fee is a
percentage of the guaranteed earnings. In most cases a bonus
isn’t counted towards our calculations unless it’s guaranteed -
to stop somebody paying £1k salary and £49k “bonus”.
#Post#: 16599--------------------------------------------------
Re: Elliot Daly
DIR By: deadlyfrom5yardsout
Date: February 8, 2019, 3:53 am
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Any bonus I have ever had has been taxed.
#Post#: 16600--------------------------------------------------
Re: Elliot Daly
DIR By: Brown Bottle
Date: February 8, 2019, 3:53 am
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--- Quote ---
> I don't get this -- bonuses and perks are not part of salary
as far as HMRC is concerned in any other walk of life, so their
salary is their salary. It should be very straightforward to
measure.
--- End Quote ---
Eh? Bonuses are certainly taxable. As are perks such as private
health care and company cars.
#Post#: 16610--------------------------------------------------
Re: Elliot Daly
DIR By: Quinky
Date: February 8, 2019, 4:50 am
---------------------------------------------------------
--- Quote from: Blucherquin link ---
>
> I have no clue - but if I was a "big" player I'd insist on
being paid via a ltd company and funnel all my other benefits
and activity through there. So I assume something happens along
those lines.
>
--- End Quote ---
As I mentioned in an earlier post, one way in which a club could
help a player is through tax planning, and this is definitely a
way to do that. However, the amount paid by the club shouldn't
be affected - it's just the amount retained by the player.
#Post#: 16637--------------------------------------------------
Re: Elliot Daly
DIR By: marlowish
Date: February 8, 2019, 10:55 am
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--- Quote from: TomBuckQuin link ---
>
> Yeah I remember all that. My point remains: why would they
continue to infringe?
>
--- End Quote ---
Because they can because there was no sanction against them last
time and therefore no reason to stop cheating
How can anyone look at that squad and think it is within the cap
- unless they have players who are really thick and do not know
what they are worth
#Post#: 16694--------------------------------------------------
Re: Elliot Daly
DIR By: Blucherquin
Date: February 10, 2019, 11:44 am
---------------------------------------------------------
--- Quote from: Brown Bottle link ---
>
> Eh? Bonuses are certainly taxable. As are perks such as
private health care and company cars.
>
--- End Quote ---
They aren’t your salary. They are taxed.
It makes a difference to your employer.
#Post#: 16695--------------------------------------------------
Re: Elliot Daly
DIR By: Quinky
Date: February 10, 2019, 12:19 pm
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--- Quote from: Blucherquin link ---
>
> They aren’t your salary. They are taxed.
>
> It makes a difference to your employer.
>
--- End Quote ---
I think the salary cap covers all remuneration, not just salary.
#Post#: 16701--------------------------------------------------
Re: Elliot Daly
DIR By: Brown Bottle
Date: February 10, 2019, 1:46 pm
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--- Quote from: Blucherquin link ---
>
> They aren’t your salary. They are taxed.
>
> It makes a difference to your employer.
>
--- End Quote ---
Whatever the difference to your employer I think you'll find
HMRC are very interested, which is what you originally disputed.
#Post#: 16704--------------------------------------------------
Re: Elliot Daly
DIR By: T-Bone
Date: February 10, 2019, 2:20 pm
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I realise this is now off topic but Daly had VC a good in attack
today
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