theesel1994 Posted January 1, 2021 Share Posted January 1, 2021 27 minutes ago, Stag Nation said: Unless the cash is in brown envelopes or stuffed in boots, the club needs to process PAYE and NI. Once that is in place, arranging bank transfers is a piece of cake. And much easier than cash. I think only the top clubs will have anyone having any NI deductions made (assuming brown envelopes are avoided). Tax is only an issue because for most players it is a second job. As for bank transfers - isn't that how the refs and assistants get paid now? 1 Quote Link to comment Share on other sites More sharing options...
Bheaten Castard Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, Stag Nation said: Will they? Is that an SFA rule? If not, it's surely a matter for negotiation. The government is effectively paying the players wages and not the club if he is furloughed and if the club take him off furlough they will then have to pay them.Don't think any club that has furloughed there players will be willing to pay a players wage or part of it to play for someone else when they have no match day income You never know though..Even if some team is willing to pay the players full wage (or more ) they would only be having him for a certain period 0 Quote Link to comment Share on other sites More sharing options...
theesel1994 Posted January 1, 2021 Share Posted January 1, 2021 You can say "effectively" all you want - but legally it isn't the case. The Employer pays the player to avoid making him redundant (the clue is in the name - Job Retention Scheme). The Employer in turn receives a grant to fund this. The Employer is TAXED on this funding. 1 Quote Link to comment Share on other sites More sharing options...
Arthurlie1981 Posted January 1, 2021 Share Posted January 1, 2021 Unless the cash is in brown envelopes or stuffed in boots, the club needs to process PAYE and NI. Once that is in place, arranging bank transfers is a piece of cake. And much easier than cash.I don’t know why you are bringing brown envelopes into this discussion but to get back to the point there are many players who prefer being paid in cash for a number of personal reasons. There are clubs who prefer it too and we shouldn’t get hung up on it. I only brought up payments in relation to payments for loan players. 0 Quote Link to comment Share on other sites More sharing options...
Bheaten Castard Posted January 1, 2021 Share Posted January 1, 2021 28 minutes ago, theesel1994 said: You can say "effectively" all you want - but legally it isn't the case. The Employer pays the player to avoid making him redundant (the clue is in the name - Job Retention Scheme). The Employer in turn receives a grant to fund this. The Employer is TAXED on this funding. https://www.wired.co.uk/article/uk-furlough-scheme-job-protection The club pays the player 80% of his average wage including bonuses .It is then claimed back from the the government .The player will be taxed at the appropriate rate on the payment not the club. 0 Quote Link to comment Share on other sites More sharing options...
theesel1994 Posted January 1, 2021 Share Posted January 1, 2021 (edited) 9 minutes ago, Bheaten Castard said: https://www.wired.co.uk/article/uk-furlough-scheme-job-protection The club pays the player 80% of his average wage including bonuses .It is then claimed back from the the government .The player will be taxed at the appropriate rate on the payment not the club. I'm fairly certain that's what I just said - the only bit you missed out is the Employer being taxed on the Grant they received. Yes, the players (employees) are taxed as well. That's how PAYE works. EDIT : When I say "taxed" I mean the grant is treated as taxable income. Edited January 1, 2021 by theesel1994 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.