Footballers tax avoidance....

[SueEllen]

If you do a quick search (I think it's in general) you see it's already been discussed.

In short the story is inaccurate.

Edit - previous discussion

[Wanderer]

Did anyone read about this in the Sunday papers? How does that work then?

From what I can tell they are taking director's loans with a view to repaying them then taking the money as salary when the tax rate is reduced from 50% at sometime in the future.

What if they took the money as a director's loan then (at some later date) left the UK and eventually became non resident for tax purposes. Could they then wind up the company and write off the loan (ordinarily meaning tax would be due on it). But as a non-resident, would they still have to pay UK tax?

Just wondering how the filthy tax avoiders get away with it, aye.