openirishguy Posted June 1, 2010 Share Posted June 1, 2010 Hey, My 1st season, I had a Turnover of over 9 Million and my tax was approx 800K. Mainly because at the start of the season I arranged a lot of friendlies involving Cups and Leagues with English and Scottish Premier League teams. So my gate receipts and TV Revenue were massive, 6.1 million and 2.2 million respectively. My 2nd season my total turnover of 2.6M and my expenditure was 5.2M of which 1.5M was Tax. I'm now into my 3rd season. Last month I had a turnover of 116K and expenditure of 331K, of which 15K is Tax. So can anyone tell me: How is the Tax Calculated because these figures are all over the place. Anyone's, insights would be very helpful. Link to post Share on other sites More sharing options...
openirishguy Posted June 2, 2010 Author Share Posted June 2, 2010 Just wondering does anyone have any insights? Link to post Share on other sites More sharing options...
JGM Posted June 3, 2010 Share Posted June 3, 2010 Just qwondering does anyone have any insights? probally a stupid question but did you take into account that the tax year runs from april to april, would that in any way make it make more sense? Link to post Share on other sites More sharing options...
openirishguy Posted June 5, 2010 Author Share Posted June 5, 2010 probally a stupid question but did you take into account that the tax year runs from april to april, would that in any way make it make more sense? Erm not a stupid question as I didn't consider it at all. The fact the Irish League runs over different dates compared to other countries might have something to do with it. I'll have a check into it and get back to you. Still though raised this question on another forum and nobody could give me a definitive answer so is there someone experienced enough on here who could? Link to post Share on other sites More sharing options...
openirishguy Posted June 6, 2010 Author Share Posted June 6, 2010 Just so you all know. I just qualified for the Champions League Group Stage and received approx 10 Million as a prize fund and my tax has not increased. This is honestly wrecking my head. Link to post Share on other sites More sharing options...
Blanchflower1 Posted June 6, 2010 Share Posted June 6, 2010 Can someone from SI comment on this? Link to post Share on other sites More sharing options...
openirishguy Posted June 6, 2010 Author Share Posted June 6, 2010 Can someone from SI comment on this? yeah I'd really appreciate it if there was someone who could look at it Link to post Share on other sites More sharing options...
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