Treasury urged to widen Bolt tax exemption
The Treasury has been urged to permanently exempt top overseas sports stars from UK tax to encourage the likes of Usain Bolt to take part in national events. Alex Miller reports.
The call follows the Treasury recently confirming tax amnesties for overseas athletes during The British Athletics London Grand Prix this summer - and which will be used to mark the one-year anniversary of the London Olympics and Paralympics. The event has been moved from Crystal Palace to the Olympic Stadium and will take place over three days in July as part of the Diamond League series, to include Paralympics.
A tax exemption has also been granted to overseas athletes for next year’s Commonwealth Games taking place in Glasgow.