Jamie Carragher facing bankruptcy threat petition
Jamie Carragher is facing a potential bankruptcy order after HMRC took court action over an unpaid tax bill, although his representatives say the matter is expected to be resolved imminently.
Former Liverpool defender Jamie Carragher is facing the possibility of bankruptcy after HM Revenue and Customs (HMRC) filed a petition at the High Court in London over an unpaid tax bill.
The 48-year-old, who has built a successful second career as a football analyst with Sky Sports and CBS Sports, is understood to have taken steps to settle the outstanding matter following the court action.
Carragher’s representatives have described the issue as a private tax matter that should have been dealt with earlier and indicated that it is expected to be resolved shortly.
HMRC has said bankruptcy petitions are used only as a last resort when attempts to recover outstanding tax have not produced a solution, with payment arrangements among the options available to taxpayers experiencing difficulties.
The former England international remains active in football broadcasting and recently expanded his involvement in the game through an advisory role with Marine, the Merseyside club.
Jamie Carragher spent his entire senior playing career at Liverpool, making 737 appearances and becoming one of the club’s most recognisable defenders before retiring in 2013.
He won major honours during his Anfield career, including the Champions League in 2005, and later established himself as one of the prominent voices on Premier League television coverage.
The latest development, however, has placed his financial affairs under scrutiny, although the expectation from his representatives is that the dispute with HMRC will be settled without the bankruptcy proceedings progressing further.
Under UK tax rules, HMRC can pursue court action and bankruptcy proceedings when tax debts remain unresolved, but the department also provides instalment arrangements for eligible taxpayers seeking to clear outstanding liabilities.
