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Zhao Xintong set for huge UK bill as China agreement to benefit British economy
Zhao Xintong will receive a huge UK tax bill after winning the World Snooker Championship but will avoid having to pay taxes in his native China. He became the first Asian player to secure Crucible glory with an 18-12 victory over Mark Williams, who threatened a stunning comeback but fell short in spite of his efforts. As well as claiming the trophy, Zhao also collected the £500,000 top prize.
He will need to pay a huge amount of tax on his winnings, with HMRC due to receive a share of around £221,000. However, the 28-year-old is unlikely to be forced to pay additional tax in China given that he is a British resident. The two countries have a double taxation agreement, meaning all of Zhao’s tax is likely to be paid in the UK.
