Policy paper

Draft legislation: sporting testimonial payments

This draft legislation explains simplifying the Income Tax and National Insurance treatment of payments derived from sporting testimonials.

Documents

Draft legislation: sporting testimonial payments

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Explanatory notes to the sporting testimonial payments

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Details

As part of the 2015 Autumn Statement, the government announced that it would be simplifying the Income Tax and National Insurance treatment of payments derived from sporting testimonials.

Update

On 2 November 2017 the government announced that the introduction of the National Insurance Contributions (NICs) Bill will be delayed.

The introduction of employer NICs on sporting testimonial payments above £100,000 will now take effect from 6 April 2019 rather than 6 April 2018.

Published 5 December 2016