Antony Joshua denied £7m in earnings in identical final result Luke Littler, 17, confronted
Anthony Joshua has been denied £7million in earnings after he pocketed a cool £41.3million final monetary yr.
AJ is certainly one of Britain’s high sporting stars – and that is backed up by his monster earnings. However, the heavyweight would not get to maintain each penny he is earned, and accounts from Joshua’s Sparta Promotions firm have now revealed he splashed £7m on tax.
And that tax invoice may get even increased subsequent yr, with Joshua at present making ready for a big-money struggle towards former UFC champion Francis Ngannou in March. Ngannou nearly shocked the world when he dropped Tyson Fury, however he misplaced the bout on factors.
READ MORE: Anthony Joshua says he will not ‘underestimate’ Francis Ngannou like Tyson Fury did
READ MORE: Premier League Darts preview – on sale now forward of Luke Littler’s debut
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Speaking earlier this yr, Andrew Mangion, Head of Tax Product at Saxo, stated: “Everybody needs to pay tax, no matter their age, and under 18s have the same personal allowance as adults. Normally children don’t work or if they do, their pay is generally under the tax free allowance.”
Mangion had been trying into why Luke Littler wasn’t in a position to take residence all his incomes’s on the Paddy Power PDC Darts World Championship.
What do you consider Anthony Joshua’s tax invoice? Let us know within the feedback part
(Image: PA)
Littler was estimated to must pay £76,203 in tax, in addition to £7,330 in National Insurance, which suggests his winnings had been minimize to £117,000. Mangion added: “In this case, it’s rare for a teenager to come into so much money in one lump sum.
“We would advise him to take skilled monetary recommendation on the right way to finest act on this.”
The profitable methods have since continued for Littler, who claimed the Bahrain Masters, beating Michael van Gerwen within the ultimate.
