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Detail of outcome
The government’s 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
Part of HMRC’s current guidance is regarded as an extra statutory concession which is outside the scope of the Commissioners’ 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.