Categorized | news

You Kante Be Serious?

Tax is a subject we talk a lot about on this blog. Tax, tax, tax…and more tax…we just can’t shut up about it.

You will have heard us talk about big companies such as Amazon and Apple, who pay virtually NO tax here on British shores.

You will have also heard us talk about big name football stars such as Ronaldo and Messi who tried to get away from their tax duties by setting up offshore accounts.

That’s why it comes as a surprise when we have just heard about Premiership football star N’Golo Kante. The famous Chelsea player who has just signed a new £290,000 a week deal with the Blues.

Not bad money if you can get it…but get this…Kante has made it clear that he will pay HMRC every single penny they are owed.

In other words, he won’t be trying to send his money away in some kind of offshore bank account and he won’t get involved in some kind of dodgy film finance scheme (Sorry Rooney).

Now, Kante will pocket a cool 15 million from his new deal with Chelsea, which means the tax man or woman will come knocking for around £6.7 million in tax.

Here is the interesting part. This means our man Kante will pay MORE tax than Amazon.

That’s right. You heard it here first.

Last year Amazon only paid £1.7 million pounds to HMRC, despite the fact they rake in billions all around this country of ours.

Many pundits have hit out at the online shopping giant, but so far, nothing has been done to find out exactly why their contribution to HMRC is so low.

On the other hand, N’Golo Kante is only making 15 million, but he has no problems paying his due and writing out a cheque payable to “HMRC.”

“6.7 million pounds only” – he will write on that cheque, and then, with a first class stamp on the front of the envelope he will pop it in the postbox at the top of his street.

“Back of the net!” he may even say, as he pops it in.

But is Kante going to be scoring an own goal? In the opinion of us here at Contractor Accountants…maybe.

Why? Because although his intention is no doubt a noble one, we think he should at least try to save a bit of that £6.7 million tax bill.

Not much, just a bit.

The good news is that Kante doesn’t have to do anything dodgy. Everything will be completely above board.

All he has to do is hire a contractor accountant. They might be able to bring his tax bill down to £4.7 million at a guess. A saving of 2 million pounds…at a guess.

Everything legal. Everything down the straight and narrow.

Kante still gets to do the right thing and pay into the system, but at the same time he saves a bit of money. For that…we would salute him.

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