Treasury Committee asks HMRC about tax implications of Manchester City investigation

The Treasury Committee has reached out to HM Revenue and Customs (HMRC) regarding the tax implications of the Premier League's investigation into Manchester City. The inquiry may determine whether the club has paid the correct amount of tax and national insurance during the nine seasons they were found guilty of breaching financial regulations. This scrutiny follows serious allegations stemming from the club's financial practices.

In a letter addressed to HMRC's chief executive, Dame Meg Hillier MP requested confirmation that the department is aware of the significance of the investigation. She also inquired whether HMRC has received an unredacted version of the Premier League's report. Hillier expressed a desire for an overview of HMRC's current work concerning football clubs and their tax practices.

The deadline for HMRC to respond to the Treasury Committee is set for Thursday, October 15. Meanwhile, Manchester City continues to deny any wrongdoing and plans to appeal the verdict, with the appeal submission due by Friday. The ongoing investigation follows the publication of hacked internal emails by Der Spiegel in 2018, which raised questions about the club's financial dealings.

The allegations include claims that former manager Roberto Mancini held a secret second contract. According to the reports, Mancini was paid £1.45 million net by Manchester City while also receiving £1.75 million annually through a company linked to him for consultancy work at the UAE Pro League club Al Jazira. The situation raises concerns about the potential tax implications of these arrangements.

via Sky Sports