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‘Euro 2020’ tax exemption

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The Major Sporting Events (Income Tax Exemption) Regulations, SI 2021/224, will provide an exemption from UK income tax for certain non-resident individuals who have been accredited by UEFA in respect of their involvement with the UEFA Euro 2020 final tournament which was postponed from the summer of 2020 due to the Covid-19 pandemic.

Non-resident players, officials and certain other individuals employed by, or associated with, the participating national teams or UEFA are within the scope of the exemption provided they have been accredited by UEFA. The individuals must be non-UK resident in the tax year 2021/22 or, where the tax year is a split year in relation to the individual, the income must relate to the overseas part of the year. The income tax exemption applies to income arising to such individuals from their activities in the UK between 1 June 2021 and 13 July 2021.

Issue: 1523
Categories: News