2 minute read
Worldwide Tax Implications
from ball. Spring 2025
by ball.
YOU HANDLE THE GAME. WE'LL HANDLE THE TAX.
Navigating international tax obligations can be complex for professional athletes, musicians, and entertainers. BAND, in collaboration with renowned international tax specialists Mark Davies & Associates, provides expert guidance to ensure our clients stay ahead of tax implications when competing, performing, or working abroad.
Without proper planning, international engagements can lead to unexpected tax liabilities.
Our experience shows that many new clients approach us after encountering tax issues that could have been avoided with early advice. Together, BAND and Mark Davies & Associates offer seamless support to ensure tax efficiency and compliance, allowing our clients to focus on their careers with confidence.
FOR SPORTS & ENTERTAINMENT PROFESSIONALS.
Q: An overseas club wants to sign me on loan for a season. How will this affect my tax position?
A: You may face tax obligations in both the UK and the overseas country. Many jurisdictions have tax treaties with the UK to prevent double taxation, but careful planning is essential. The UK tax year differs from other countries’ tax periods and sporting seasons, adding complexity. Strategic steps must be taken while abroad to mitigate liabilities and maximise efficiency.
Q: I live in the UK but play on the European Tour. Do I only pay tax in the UK?
A: No. Many European countries withhold tax on local winnings. If you have sponsorship or endorsements, additional tax liabilities may arise, as some jurisdictions claim a share of these earnings. Understanding each country’s rules is key to avoiding excessive taxation.
Q: I perform or compete outside the UK. Do I need to file tax returns in other countries?
A: Not always, but doing so can be beneficial. Filing international tax returns helps ensure you claim reliefs and avoid overpaying tax. HMRC does not refund foreign tax or allow excess credits beyond UK liabilities, making proactive tax management essential.
Q: What’s the most important step before working abroad?
A: Seek professional advice in advance. Proper tax planning ensures compliance and financial efficiency, allowing you to focus on excelling in your career.
With BAND by your side, you’ll have world-class expertise guiding you through international tax complexities - giving you peace of mind, wherever your talent takes you.
