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Be a sport

01 September 2015 / Julian Hedley , Pete Hackleton
Issue: 4516 / Categories: Comment & Analysis , Income Tax

Will the HMRC’s consultation result in the clearer tax treatment of income from sporting testimonials?

  • HMRC have been consulting on the tax treatment of sporting testimonials.
  • The tradition of testimonials dates from a time of low-paid sportspeople.
  • The consultation aims are clarity and consistency.
  • HMRC consider that if not earnings testimonial income should probably be treated as “by reason of employment”.
  • Should there be full exemption from tax if the testimonial relates to injury or death?
  • Individuals can be discouraged from working on testimonial committees because of tax uncertainty.
On 8 July 2015 HMRC announced that they were entering into a period of consultation on the tax treatment of income from sporting testimonial matches. Some years ago HMRC started to enquire more vigorously into the way testimonials were structured with a series...

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