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Sporting testimonial payments

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The Sporting Testimonial Payments (Excluded Relevant Step) Regulations 2016, SI 2016/1250, ensure that double taxation does not occur in respect of non-contractual and non-customary sporting testimonial payments made to individual sports men and women by an independent testimonial committee after 6 April 2017. The regulations disapply the disguised remuneration rules in relation to such payments, and specifying that only the new legislation introduced by Finance Act 2016, which treats all sporting testimonial payments as earnings, shall apply.

Issue: 1337
Categories: News