Hi,
A client has called today very excited as his son has been offered a Pre Professional contract as a large club. The club will pay 'travel expenses' weekly ( four figures) to the parents, as well as as agreeing signing on fees for the child when they are older.
I have stated that this would be taxable on the parents, but cannot find any detail to back myself up. I cannot see any way it wouldn't be, less obviously any allowable travel, which in current times is Zero, albeit in normal time smay be around 400-500 miles per week.
Any advice or where to look would be greatly appreciated