Week 35/36 US Open New York Hard

paulisi · Tennis legend

Week 35/36 US Open New York Hard

PaulM · Tennis legend

Amazing job Lily that's a huge achievement. Thrilled for her. One thing to get a great draw, another thing to take advantage.

Jaffa · Challenger level

I have a mate that plays poker in America. It was an interesting discussion but its important to note that at the end of the year you will get it all back - its a cash flow issue for these people, more so for people like Lily. Its why not many of them dont play in the states all the time.

It also differs state to state what you pay over there which makes it worse.

Coup Droit · Tennis legend

paulisi wrote:
Interesting discussion about prize money and taxation.
In the US the GB players get taxed 3 times. At source from US government, then at state level and then back in the UK when the declare their earnings...

Yes, but there's a double taxation treaty so it's 'only' a cashflow issue, as PaulM says

Grachka · County player

Really excellent, solid win from Lily. She showed a lot of wisdom on court and made Betova look like the newbie. Takes the ball so early and hits popping shots deep in the court.

Well done! Bencic next and that's a free swinging opportunity.

Jan · Hall of fame

Brilliant win!! Well done Lily

Coup Droit · Tennis legend

Super match

So within herself - and thoroughly deserved - not easy when you know this is really your chance

Nix · Futures level

paulisi wrote:
Interesting discussion about prize money and taxation.
In the US the GB players get taxed 3 times. At source from US government, then at state level and then back in the UK when the declare their earnings...

I don't think UK taxpayers can be double taxed though (I think it's different for US citizens?). So if you've had to pay US taxes, you could claim tax relief on your UK tax form for the tax already paid in the US.

PS Well done Lily!

-- Edited by Nix on Monday 28th of August 2023 07:49:27 PM

Tennpar · Strong Club Player

A joy to watch - fabulous for Lily smile

Coup Droit · Tennis legend

Nix wrote:
paulisi wrote:
Interesting discussion about prize money and taxation.
In the US the GB players get taxed 3 times. At source from US government, then at state level and then back in the UK when the declare their earnings...
I don't think UK taxpayers can be double taxed though (I think it's different for US citizens?). So if you've had to pay US taxes, you could claim tax relief on your UK tax form for the tax already paid in the US.

PS Well done Lily!

Yes. You put the US tax already paid down on your UK tax return and it's deducted from your UK tax owed. We have double taxation treaties with most countries. It works A1 fine normally - the only problem is if you're due a rebate coz you've overpaid in total - that's always more difficult.

Spireman · Club Coach

Well done Lily. Seems this tennis thread has been taken over by HMRC or US tax!

Coup Droit · Tennis legend

That's coz she's won now and it's down time until Jodie and Katie take over

the addict · Tennis legend

Solid performance from Lily, the result was never in doubt in my mind.

GAMEOVER · Satellite level

Well done Lily. Most enjoyable and relaxing match to watch.

Coup Droit · Tennis legend

And she's now at a new CH 153, in the provisional live rankings