OpenLegislation

The Major Sporting Events (Income Tax Exemption) Regulations 2016

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2016, ISBN 9780111147672

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before the House of Commons under section 48(5) of the Finance Act 2014, for approval by resolution of that House.

Income Tax

Made ***

Coming into force 19th July 2016

The Treasury make the following Regulations in exercise of the powers conferred by section 48 of the Finance Act 2014f1.

Annotations to the whole text

Footnotes

f1

2014 c. 26.

Contents

  1. 1Citation, commencement and interpretation
  2. 2Citation, commencement and interpretation
  3. 3London Anniversary Games
  4. 4London Anniversary Games
  5. 5London Anniversary Games
  6. 6London Anniversary Games
  7. 7World Athletics Championships
  8. 8World Athletics Championships
  9. 9World Athletics Championships
  10. 10World Athletics Championships
  11. Signature
  12. Explanatory note

1Citation, commencement and interpretation

These Regulations may be cited as the Major Sporting Events (Income Tax Exemption) Regulations 2016 and shall come into force on 19th July 2016.

2Citation, commencement and interpretation

In these Regulations—

(a)

“Championships Period” means the period—

(i)

beginning with 12th July 2017; and

(ii)

ending with 15th August 2017;

(b)

“duly accredited competitor” means—

(i)

in relation to the London Anniversary Games, a competitor who has been accredited to compete at those Games by the International Association of Athletics Federations, the International Paralympic Committee, UK Athletics Limited (Company number 03686940) or any other official event organiser;

(ii)

in relation to the World Athletics Championships, a competitor who has been accredited to compete in either or both of the events making up those Championships by the International Association of Athletics Federations, the International Paralympic Committee, London 2017 Limited (Company number 08492880) or any other official event organiser;

(c)

“Games Period” means the period—

(i)

beginning with 20th July 2016; and

(ii)

ending with 25th July 2016;

(d)

“income” means employment incomef1 or profits of a trade, profession or vocation (including profits treated as arising as a result of section 13 of the Income Tax (Trading and Other Income) Act 2005f2;

(e)

“London Anniversary Games” means the athletics event planned to be held at the Queen Elizabeth Olympic Park in London on 22nd and 23rd July 2016;

(f)

“World Athletics Championships” means these events—

(i)

the International Paralympic Committee Athletics World Championships event planned to be held at the Queen Elizabeth Olympic Park in London from 14th to 23rd July 2017 inclusive; and

(ii)

the International Association of Athletics Federations World Championships event planned to be held at the Queen Elizabeth Olympic Park in London from 4th to 13th August 2017 inclusive.

3London Anniversary Games

A duly accredited competitor who performs a London Anniversary Games activity is not liable to income tax in respect of any income arising from the activity if the Games non-residence condition is met.

4London Anniversary Games

The following are London Anniversary Games activities—

(a)

competing at the London Anniversary Games,

(b)

any activity that is performed during the Games Period the main purpose of which is to support or promote the London Anniversary Games.

5London Anniversary Games

The Games non-residence condition is that—

(a)

the duly accredited competitor is non-UK resident for the tax year 2016-17, or

(b)

the duly accredited competitor is UK resident for the tax year 2016-17 but the year is a split year as respects the competitor and the activity is performed during the overseas part of the yearf1.

6London Anniversary Games

Section 966 of the Income Tax Act 2007 (deduction of sums representing income tax) does not apply to any payment or transfer which gives rise to income benefitting from the exemption in regulation 3.

7World Athletics Championships

A duly accredited competitor who performs a World Athletics Championships activity is not liable to income tax in respect of any income arising from the activity if the Championships non-residence condition is met.

8World Athletics Championships

The following are World Athletics Championships activities—

(a)

competing at either or both of the events making up the World Athletics Championships,

(b)

any activity that is performed during the Championships Period the main purpose of which is to support or promote either or both of the events making up the World Athletics Championships.

9World Athletics Championships

The Championships non-residence condition is that—

(a)

the duly accredited competitor is non-UK resident for the tax year 2017-18, or

(b)

the duly accredited competitor is UK resident for the tax year 2017-18 but the year is a split year as respects the competitor and the activity is performed during the overseas part of the year.

10World Athletics Championships

Section 966 of the Income Tax Act 2007 does not apply to any payment or transfer which gives rise to income benefitting from the exemption in regulation 7.

Signature

Name

Name

Two of the Lords Commissioners of Her Majesty’s Treasury

Date

Explanatory note

(This note is not part of the Regulations)

These Regulations provide for an exemption from income tax for overseas competitors (including UK residents who are in the overseas part of a split year) competing in the London Anniversary Games 2016 and the World Athletics Championships 2017. This exemption applies to income which these individuals get for competing in, supporting or promoting those competitions.

Regulations 3 to 6 mean that overseas competitors in the London Anniversary Games 2016 do not have to pay income tax on income which they get for competing in or promoting the event. The event is planned to take place on 22nd and 23rd July 2016. This income tax exemption is available from two days before until two days after the Games.

Regulations 7 to 10 mean that overseas competitors in the World Athletics Championships 2017 do not have to pay income tax on income which they get for competing in or promoting the Championships. There are two events which make up the Championships. The first is the IPC Athletics World Championships, for paralympic athletes, which is planned to take place from 14th to 23rd July 2017. The second is the IAAF World Championships which is planned to take place from 4th to 13th August 2017. The income tax exemption is available from two days before the first event until two days after the second event and applies to those who compete in, support or promote either or both of the events which make up the Championships.

A Tax Information and Impact Note covering this instrument will be published on the website at http://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.