Fans of darts sensation Luke Littler have taken to social media to express their outrage at a tweet from HM Revenue and Customs (HMRC) confirming that the 16-year-old will lose a staggering £83,000 of his recent winnings to taxes.
Littler’s remarkable performance in the World Darts Championship secured him second place and a prize money of £200,000. However, this windfall will be significantly reduced due to the tax implications. News of the hefty tax bill was confirmed by HMRC’s official press office in a tweet that read, “Big congrats to Luke on his fantastic run to the final. We can confirm the existence of income tax.”
The tweet from HMRC was met with criticism from fans who deemed it “brutal” and unnecessary. Many expressed their disappointment with the organization’s sarcasm, calling it inappropriate and a bad look. While some acknowledged the accuracy of the tweet, they found the tone condescending.
Investment platform Saxo estimates that Littler will have to forfeit £76,203 to income tax and an additional £7,330 to national insurance. Andrew Mangion, an expert in finance, advised that regardless of age, everyone is required to pay taxes. He highlighted the rarity of a teenager receiving such a substantial sum of money and recommended seeking professional financial advice on managing the situation.
The disappointment and anger expressed by fans highlight the impact that taxes can have on individuals’ earnings, even in unexpected circumstances. Littler’s case serves as a reminder that tax obligations apply to everyone, regardless of age or profession.
For more details, you can visit the original article on F5mag.com.