England's Lionesses have been crowned European champions for the second time in three years after defeating Spain in Sunday's final. However, their £4.4 million prize money will be significantly reduced by tax liabilities, with HMRC set to take a substantial cut.
The squad agreed a bonus structure with the FA ahead of the tournament, entitling them to a collective £1.75 million for winning the trophy. But tax experts warn that over £788,900 will be deducted in income tax and National Insurance Contributions, leaving each player with around £34,300 less.
Robert Salter, a director at Blick Rothenberg, explained: "The Lionesses will be delighted with their win, but they face a hefty tax bill. The average bonus of £73,000 per player pushes them into the 47% marginal tax rate bracket." He added that the FA will also incur employer's NIC of approximately £255,000.
Despite the tax burden, the victory is expected to boost players' earnings from marketing and image rights, further increasing HMRC's future take. The Lionesses' success continues to raise the profile of women's football in the UK.
