9am Lowdown: Image rights, EY & Finance Billby
Good morning and welcome to the mid-week Lowdown.
Businesses with offices in England and Wales are facing a £4.5bn tax rise over the next five years, even before the full impact of the contentious staircase tax is taken into account. (The Times)
Responding to a question on the number of investigations HMRC currently has open on offshore image rights in the football industry, financial secretary to the Treasury Mel Stride confirmed that HMRC has enquiries into 38 clubs, 90 players and 13 agents. (Parliament)
EY has announced combined global revenues of US$31.4b for the financial year ended 30 June 2017. Overall, financial year (FY) 2017 revenue grew by 7.8% in local currency (versus FY16).
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The Finance Bill will be published on Friday 8 September with the explanatory notes following on 12 September. (Parliament)
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