HMRC Nets Over £750k from Lionesses’ Euro 2025 Win

Robert Salter, Director, said:

The Lionesses will be delighted with their win at Euro 2025 for what it represents and the hard work that went into it, but they will have a hefty tax bill to pay to HMRC on their prize money, at a combined total tax and National Insurance Contributions (NIC) liability of roughly £788,900 for the whole squad.

Per-Player Impact

Although the Lionesses are not earning as much as their male counterparts, the average per player bonuses of £73,000 each will ensure that all of the squad’s players become liable to an effective marginal tax rate of 47% – 45% income tax and 2% NIC on their income above the £125,140 per annum threshold, meaning they could be paying around £34,300 each in tax.

Employer’s NIC Burden for the FA

In addition to the tax and NIC payable on the winning bonuses by the players personally, the FA should be liable to employer’s NIC on the prize bonuses, which will cost the FA ca. £255,000 more.

Beyond Prize Money – Ongoing Tax Implications

Robert concluded:

Many players are also making significant amounts through marketing, appearance fees and image rights, which are also liable to tax. Their earnings from this are likely to increase significantly over the coming months given their success and the ongoing growth in the profile of the Women’s game, meaning HMRC will be getting even more tax ‘wins’ in the future.

Key Takeaway for Sports Professionals

The Lionesses’ Euro 2025 victory is a powerful reminder that tax planning is essential for professional athletes. With income often coming from multiple streams – prize winnings, endorsements, appearance fees and at high marginal rates, proactive advice can help maximise earnings and manage liabilities effectively.

Would you like to know more?

If you would like to discuss any of the above, please speak to your usual Blick Rothenberg contact or Robert Salter using the form below.