Newcastle hit with demand for £3.2m over ‘deliberate’ failure to pay tax on transfers
Club owe HMRC £1.9m in tax and handed £1.25m penaltyRelates to investigation of transfers under Mike AshleyNewcastle United have been hit with a demand for £3.2m from HM Revenue and Customs over a “deliberate” failure to pay tax, according to official disclosures that relate to a near decade-long investigation into player transfers under the club’s former owner, Mike Ashley.The Tyneside club, which has been owned by Saudi Arabia’s sovereign wealth fund since 2021, owes HMRC £1.9m in tax and has…
Source: www.theguardian.com