Premier League tax hit tops £1bn

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The tax contribution of the Premier League's 20 clubs is set to exceed £1bn this season thanks to the rising cost of player wages.

This would represent an increase of more than a third over the past two seasons, according to accountancy firm Saffery Champness. Citing Deloitte's annual football finance review, the firm says the Premier League clubs contributed £725m to the Treasury in the 2009-10 season, including tax on salaries of £458m and NI contributions of £188m, the Financial Times reports. Since then, the clubs have benefited from a 30% boost in broadcast revenues, which clubs tend to use on hiking wages. But the main tax growth has come from the 50% tax rate for high earners, introduced in April 2010...

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