Teen Ace to Lose £83,000 in Winnings to Tax Man
Fans are expressing their outrage at HMRC after the tax agency sent out a tweet about 16-year-old darts prodigy Luke Littler, who is set to lose a staggering £83,000 of his World Darts Championship winnings to taxes.
HMRC's "Brutal" Tweet Sparks Backlash
The press office of HMRC faced severe criticism for a tweet that fans described as "brutal" and inappropriate. The tweet, which was seen as mocking Littler's situation, confirmed the existence of income tax while congratulating him on his impressive performance in the championship.
Teen Sensation to Lose 45% of Prize Money
Littler, who secured the runner-up position in the tournament, walked away with a £200,000 prize. However, he will now have to forfeit at least 45% of his winnings to taxes.
Experts Urge Professional Financial Advice
Investment platform Saxo estimates that Littler will have to pay £76,203 in income tax and an additional £7,330 in national insurance. Financial experts advise the young athlete to seek professional financial advice on how to manage his sudden windfall.
courtesy of thesun.co.uk
Fans have expressed their disappointment with HMRC's response, arguing that sarcasm was unnecessary and that the tweet was inappropriate. While experts emphasize the importance of paying taxes regardless of age, they acknowledge that it is unusual for a teenager to receive such a large sum of money at once.
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