Consultation outcome
Tax Treatment of Income from Sporting Testimonials 鈥� Proposals for Legislation
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Detail of outcome
The government鈥檚 response to the consultation on the taxation of income from sporting testimonials and draft legislation for employed sportspersons:
- clarifies that this income is taxable
- introduces a limited exemption where there is no contractual or customary right to a sporting testimonial or benefit match
Original consultation
Consultation description
Part of HMRC鈥檚 current guidance is regarded as an extra statutory concession which is outside the scope of the Commissioners鈥� powers.
This consultation document sets out a number of different proposals for legislation to exempt some income from sporting testimonials from income tax and national insurance.
Documents
Updates to this page
Published 8 July 2015
Last updated 9 December 2015
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Summary of responses published.
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First published.