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Newcastle United 'abused tax system', HMRC alleges | |
(about 3 hours later) | |
Newcastle United "systematically abused" the tax system to "secretly" make payments to agents and players during transfers, a court has heard. | |
The allegations emerged after the Tyneside club challenged a raid by HM Revenue and Customs in April. | |
United argued no reasonable grounds existed for believing it had engaged in tax fraud, but High Court judges ruled the warrants were "lawfully issued". | |
The club said it was "disappointed" and "considering its options". | |
St James' Park and West Ham's London Stadium were raided as part of a £5m fraud investigation. | |
Business and financial records were seized, along with computers and mobile phones, and Newcastle's managing director Lee Charnley was among several men arrested and later released without charge. | |
The club challenged the legality of the search-and-seize orders obtained by HMRC, and a hearing has been held at Leeds Crown Court. | |
'Secret' payments | |
HMRC argued that reasonable grounds existed for believing Newcastle United was ''knowingly involved'' in a multimillion-pound tax fraud, and the club's application for judicial view was dismissed. | |
The full judgement has now been published. | |
It reveals Operation Loom is looking into whether the club knew payments to agents were being "secretly" funnelled to other unlicensed agents and players themselves in a bid to circumvent income tax and National Insurance. | |
Regarding Demba Ba's transfer to Newcastle from West Ham, HMRC said: "It appears NUFC paid agent's fees for services of £1.9m in full knowledge that the majority would be passed on to other agents... and to a company associated with the player." | |
There were "further suspicions" arising out of his transfer to Chelsea in January 2013. | |
HMRC said it believed "NUFC systematically abused the tax system... and all payments to agents made were potentially the subject of criminal proceedings". | |
A spokesman for HMRC said: "We are very pleased with the court's decision which we are studying in detail. We do not comment on individual cases or ongoing investigations." | A spokesman for HMRC said: "We are very pleased with the court's decision which we are studying in detail. We do not comment on individual cases or ongoing investigations." |
Newcastle United said in a statement: "We are disappointed with this decision given the court's findings. | Newcastle United said in a statement: "We are disappointed with this decision given the court's findings. |
"We are considering all of our options with our advisers, including whether to pursue an appeal." | "We are considering all of our options with our advisers, including whether to pursue an appeal." |