Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Playing away

A sportsman, who receives income from employment and appearance fees, etc. as a self-employed person, has made a payment to a female acquaintance to prevent the publication of certain allegations

I act for a young sportsman who has earnings from his employment with the club that he plays for as well as personal earnings from advertising and appearances at events unconnected with his employment.

I am wondering whether a company should be formed to deal with this but my more immediate problem is that a very substantial payment was made by my client during the year ended 5 April 2010 from his personal business account.

When I queried this payment with him he explained that certain allegations had been about to be made against him by a female acquaintance.

He assures me that these were unfounded but rather than take no action and allow these allegations to become public and then become embroiled in potential legal wrangles he decided to make a payment to her on the condition that these were not disclosed to the popular press.

...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon