We have been talking a lot recently about the money owed to HM Revenue and Customs by football clubs. It appears there is rather similar problem in Cyprus. Indeed in many respects it appears that the problem is worse. Not only do clubs owe something approaching €6m, but €3m of this appears to date back to before 2007. To put these figures in context, it should be remembered that although football is popular in Cyprus, it is hardly a big bucks
We have been talking a lot recently about the money owed to HM Revenue and Customs by football clubs. It appears there is rather similar problem in Cyprus. Indeed in many respects it appears that the problem is worse. Not only do clubs owe something approaching €6m, but €3m of this appears to date back to before 2007. To put these figures in context, it should be remembered that although football is popular in Cyprus, it is hardly a big bucks operation.
More Cypriots follow foreign clubs such as Manchester United. When I visited the country, admittedly some years ago, I was baffled to see adverts being inserted when possibly vital corners were being taken at Old Trafford.
There seems to be a general assumption in football that it’s acceptable not to pay your tax bills even if other businesses have to. That means that the rest of us have to pay more to make up the difference.