#uk-tax-law

#uk-tax-law

Wimbledon will be obliged to operate withholding tax, at a flat rate of 20%, on the prize money that they pay to these stars. However, Jannik Sinner and Iga Swiatek will ultimately be taxed in the UK at the top rate of 45% on their winnings-less any allowable business expenses they can deduct.

Tax defaulters, including businesses and individuals, have been publicly named and fined by HM Revenue and Customers for filing inaccurate tax returns.