1.This section provides for an income tax exemption for non-UK resident competitors at the Glasgow Grand Prix athletics event.
2.Subsection (1) provides that accredited competitors in the Glasgow Grand Prix who meet the non-residence conditions will be exempt from UK income tax on any income arising from Glasgow Grand Prix activities.
3.Subsection (2) defines what is meant by Glasgow Grand Prix activities for the purpose of this section.
4.Subsection (3) defines what is meant by the non-residence condition for the purpose of this section.
5.Subsection (4) provides that withholding obligations provided by section 966 of the Income Tax Act 2007 do not apply to any payment or transfer that gives rise to income which benefits from the exemption provided by this section.
6.Subsection (5) defines the terms “accredited competitor”, “the games period”, “the Glasgow Grand Prix”, and “income” for the purpose of this section.
7.Subsection (6) provides that this section is treated as having come into force on 6 April 2014.
8.As announced on 12 February 2014, there will be an exemption from UK income tax on any income arising for non-UK resident competitors at the Glasgow Grand Prix athletics event to be held at Hampden Park in July 2014. The section introduces a similar exemption to those granted for non-UK resident competitors at both the 2013 London Anniversary Games and the 2014 Glasgow Commonwealth Games
9.Both employment and self-employment income arising to non-UK resident competitors who compete in, or carry out activities primarily to promote or support, the Glasgow Grand Prix will be exempted from income tax under this section. This exemption will apply only in respect of income arising as a result of activities carried out during the period 5 July to 14 July 2014. This exemption only applies where the competitor holds a Glasgow Grand Prix accreditation card in the competitors’ category which has been issued by UK Athletics Ltd.
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