The Major Sporting Events (Income Tax Exemption) Regulations 2016

Citation, commencement and interpretation

2.  In these Regulations—

(a) “Championships Period” means the period—

(i) beginning with 12th July 2017; and

(ii) ending with 15th August 2017;

(b) “duly accredited competitor” means—

(i) in relation to the London Anniversary Games, a competitor who has been accredited to compete at those Games by the International Association of Athletics Federations, the International Paralympic Committee, UK Athletics Limited (Company number 03686940) or any other official event organiser;

(ii) in relation to the World Athletics Championships, a competitor who has been accredited to compete in either or both of the events making up those Championships by the International Association of Athletics Federations, the International Paralympic Committee, London 2017 Limited (Company number 08492880) or any other official event organiser;

(c) “Games Period” means the period—

(i) beginning with 20th July 2016; and

(ii) ending with 25th July 2016;

(d) “income” means employment income(1) or profits of a trade, profession or vocation (including profits treated as arising as a result of section 13 of the Income Tax (Trading and Other Income) Act 2005(2);

(e) “London Anniversary Games” means the athletics event planned to be held at the Queen Elizabeth Olympic Park in London on 22nd and 23rd July 2016;

(f) “World Athletics Championships” means these events—

(i) the International Paralympic Committee Athletics World Championships event planned to be held at the Queen Elizabeth Olympic Park in London from 14th to 23rd July 2017 inclusive; and

(ii) the International Association of Athletics Federations World Championships event planned to be held at the Queen Elizabeth Olympic Park in London from 4th to 13th August 2017 inclusive.

(1)

The Income Tax (Earnings and Pensions) Act 2003 (c. 1). Section 7 defines “employment income” for the purposes of the Tax Acts. Schedule 1 to the Interpretation Act 1979 (c. 30) states that “The Tax Acts” means the Income Tax Acts and the Corporation Tax Acts. Schedule 1 further states that “The Income Tax Acts” means all enactments relating to income tax which include the Finance Act 2014. The term “employment income” is used in several places in the Finance Act 2014, including in section 47.

(2)

2005 c. 5. Section 13, as amended by the Income Tax Act 2007 (c. 3) sections 1027, 1031, Part 2 of Schedule 1 paragraphs 492 and 495, and Part 3, deals with income for visiting performers.