The Sporting Testimonial Payments (Excluded Relevant Step) Regulations 2016

• Citation: S.I. 2016/1250
• Sections: 2

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Sporting Testimonial Payments (Excluded Relevant Step) Regulations 2016 and come into force on 6th April 2017.

(2) Terms used in these Regulations and in section 226E of the Income Tax (Earnings and Pensions) Act 2003 (sporting testimonial payments) have the same meaning as in that section.

Section 2 Disapplication of Chapter 2 of Part 7A: sporting testimonial payments

(1) Chapter 2 of Part 7A of the Income Tax (Earnings and Pensions) Act 2003 (employment income provided through third parties: treatment of relevant step for income tax purposes) does not apply by reason of a relevant step if the relevant step is the making of a sporting testimonial payment.

(2) Paragraph (1) applies in relation to a sporting testimonial payment made out of money raised by a sporting testimonial if—

(a) the sporting testimonial was made public on or after 25th November 2015, and

(b) the payment is made out of money raised by one or more relevant events or activities which take place on or after 6th April 2017.