Premier League football delivers £3.3bn in tax
HMRC is scoring big when it comes to football finance, with a £3.3bn total tax take from the Premier League in the 2016/17 season, up by 50% from 2013/14
25 Jan 2019
The £3.3bn tax contribution includes £1.1bn paid by players and £1.2bn collected by clubs and their associated supply chains in VAT, according to analysis by EY.
The firm’s assessment also reported that the league and clubs contributed £7.6bn to UK GDP.EY calculates the Premier League’s economic impact has increased by more than 800% since 1998/99 when it stood at £0.7bn, a compound annual growth rate of 13%.
The activity of the League supported close to 100,000 full-time equivalent jobs across the UK in 2016/17. The majority of these jobs were underpinned by the League’s substantial supply chains, which accounted for 87,000 jobs both through indirect (52,000) and induced (35,000) impacts. Of the total employment impact, 90,300 was clubs, with the remainder supported by the Premier League.
Mark Gregory, EY’s chief economist said: ‘The Premier League is a globally recognised brand, built upon high-quality football. The League’s global success feeds into its capacity to generate economic and social returns within the UK.
‘The strength of the Premier League broadcast offering, which is based on a committed global fanbase, is key to its success. The Premier League has also become an active member of the global community, presenting many commercial opportunities for the UK. Our latest report clearly shows that a successful Premier League is good not just for football but for the country as a whole.’
Report by Pat Sweet