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Issue:
4893
/
Categories:
Comment & Analysis
, agents
, FTT
, HMRC
, Sports Invest UK Limited (TC8797)
, UK VAT
, VAT
, Income Tax
, VAT
Agent’s fees
Key points
- The Sports Invest case was very fact-specific and reliance on it in any wider context is going to be quite difficult.
- This is a ‘who supplied what to whom’ case.
- Parties should ensure that the contractual arrangements reflect accurately the activities taking place and the value of the services being supplied.
In a recent decision Sports Invest UK Limited (TC8797) the First-tier Tribunal (FTT) decided that the VAT treatment of a football agent’s fees should follow the contractual pattern.
Sports Invest UK Limited (the agent) a company incorporated and resident in the UK worked on the transfer of a football player (Joao Mario) from Sporting Clube de Portugal (Sporting) in Portugal to Inter Milan (Inter) in Italy. Under these arrangements the agent received a payment of €4m from Inter. The tax dispute related to the VAT treatment of these fees.
HMRC raised VAT assessments...
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