Premier League top earners forced to take up paper rounds!

The Premier League’s top earners – including Chelsea's John Terry and Frank Lampard, Liverpool captain Steven Gerrard and Manchester City pair Robinho and Carlos Tevez – will be hit hard by the new tax rate, reports fourfourtwo.

The England trio are among those who will be most affected by the new 50 percent tax-rate which is set to be introduced in 2010, according to ACCA (the Association of Chartered Certified Accountants).

Chelsea skipper Terry – who earns £151,000 a week – will see an extra £770,200 taken out of his annual salary while team-mate Lampard will be £765,000 out of pocket.

"Professional footballers might get well paid, but they make a huge contribution to the tax intake as well," Chas Roy-Chowdbury, ACCA’s head of taxation, said.

"Fernando Torres and Steven Gerrard will pay a combined total of around £6,354,000 to the tax man next year. They, more than most, will feel the bite of the new top-rate 50 percent tax."

The rate will affect up to 350,000 UK residents as the rate applies to all salaries above £150,000.

The Premier League’s top five earners (wages/how much extra they will pay):

Robinho (Man City): £160,000 per week - £817,000 tax

John Terry (Chelsea): £151,000 p/w - £770,200

Frank Lampard (Chelsea): £150,000 p/w - £765,000

Steven Gerrard (Liverpool): £140,000 p/w - £713,000

Carlos Tevez (Man City): £140,000 p/w - £713,000

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Comments (10)

With the wages there making, I will not be crying for them.

It's worth pointing out that the favourable tax break on offer in Spain comes to an end at the same time as the UK tax hike. The difference won't be that great. Certainly not big enough to cause an exodus.

If these taxes persist you'll be seeing a great migration of players going to Spain. This will spell doom for the EPL.