Treasury urged to widen Bolt tax exemption | AccountingWEB

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.



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Equality in the tax system    1 thanks

Martyn Smith | | Permalink

This is like the big companies all over again. One rule for the big boys and another rule for everyone else. What happened to us all being it together. Surely fairness needs to be introduced into the tax system with everyone being taxed the same regardless or size or reputation.

carnmores's picture

well we all have a different take

carnmores | | Permalink

the taxation of sponsorship income  earned by non resident guests / sportsmen & women by FEU is worth a relook so yes to fairness but this law i do not believe to be fair. most of the people concerned are paying tax in their country of origin or residence

James Hellyer's picture

A little consistency please    1 thanks

James Hellyer | | Permalink

How come multi-nationals that avoid UK Corporation Tax are "immoral", but sportsmen who just don't want to pay UK tax should be pandered to?

Corporations...    1 thanks

markfd | | Permalink

...that only 'spend' a few days pa in the UK aren't asked to pay any UK tax.  The UK, more or less uniquely, tries to tax international sportsmen on their WW income based on a few days presence in the UK.  This is neither fair nor reasonable.  They aren't arguing they shouldn't be liable for tax on their actual UK earnings.

If any other individual spends a month or two in another country they are not taxed there on their WW earnings, only on their local earnings.