Ey Reveals £3.3bn Premier League Tax Contribution
The Premier League and its clubs generated a total tax contribution of £3.3bn to the UK Exchequer in the 2016/17 season, according to a new Economic and Social Impact Assessment by global professional services specialist, EY.
The figure represents a 50% increase since 2013/14 when the last calculation was made. It includes £1.1bn paid by players and £1.2bn collected by clubs and their associated supply chains in VAT.
The EY assessment also reported that the Premier League and clubs supported close to 100,000 jobs as well as contributing £7.6 billion to UK GDP.
Overall, the League’s economic impact has increased by more than 800% since 1998/99.
Mark Gregory, EY’s Chief Economist explained: “The Premier League is a globally recognised brand, built upon high-quality football. The League’s global success feeds into its capacity to generate economic and social returns within the UK.
“The strength of the Premier League broadcast offering, which is based on a committed global fanbase, is key to its success. The Premier League has also become an active member of the global community, presenting many commercial opportunities for the UK. Our latest report clearly shows that a successful Premier League is good not just for football but for the country as a whole.”
The independent EY Study was commissioned by the Premier League, whose Executive Director Bill Bush commented: “Great football gives us the economic success to invest in our own competition and provide unparalleled support to the EFL, youth development, the non-league system and community football. The national economy benefits from over £1billon in overseas earnings and over £3billion in tax because our clubs strive so hard to get the football right.”
The Premier League is keen to emphasise that its economic impact is distributed across much of England and Wales due to the geographical spread of Premier League clubs.
It adds that the scale of community provision and support undertaken by the Premier League has also grown in line with its broader success.
The Premier League currently funds more than 150 clubs across the Premier League, English Football League and National League to deliver programmes in communities and schools, engaging more than 500,000 young people.
