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ANDREW MCKENZIE-SMART considers the tax issues arising from a spot-fixing scandal
KEY POINTS
- The tax implications of bribery.
- Has the newspaper made a ‘crime-related payment’?
- The position of the ‘fixer’: is a trade being carried on?
- Applying the ‘badges of a trade’ to bribery.
- The double taxation implications.
In early February 2011 the Pakistan cricketers at the centre of last summer’s spot-fixing scandal were found guilty by the International Cricket Council for deliberately bowling no-balls in the Lord’s Test.
While the national press has rightly concentrated on the effect of the scandal on the integrity of world cricket and in particular the Cricket World Cup I suspect I am not the only tax adviser who has considered how the reported transactions would be taxed under UK law.
This article is mainly concerned with the first scandal of last summer that...
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