Scotland's Coefficient

Scotland's Coefficient

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Scotland's Coefficient
Scotland's Coefficient
'The Times' Tax investigation implicates Scottish Premiership club
SPFL

'The Times' Tax investigation implicates Scottish Premiership club

HMRC have already requested the repayment of the tax credit

Feb 18, 2025
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Scotland's Coefficient
Scotland's Coefficient
'The Times' Tax investigation implicates Scottish Premiership club
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A fairly substantial tax story broke in The Times yesterday. 28 sports teams in the UK have received up to £13m from the government under a research & development scheme.

It's a tax scheme to support innovations for the public good in science and technology. A company can only apply for the tax credits if it has made a "genuine advance in science or technology to benefit the overall field, not just its own business."

The 28 clubs include Chelsea, who were paid more than £2m in R&D tax relief by HMRC over a three-year period.

One club in Scotland claimed £1.28m - equivalent to 15% of their turnover in 2021/22. The tax credit they received for their R&D claim turned their £997k loss into a £280k profit for that year.

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