London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Budget 2016 Sporting testimonials

From 6 April 2017 income from sporting testimonials is liable to income tax (and possibly national insurance but no details on that yet) subject to a one-off exemption of £100,000.  The exemption will apply to income arising from events held in a maximum period of 12 calendar months only, beginning with the date the first event is held in a ‘testimonial year’, even if that year straddles more than one tax year. The exemption will not apply where there is a contractual entitlement to the sporting testimonial or benefit match.  Where a testimonial was arranged before 25 November 2015, even if it happens after 5 April 2017, it will fall within the more favourable existing arrangements.

If you would like to discuss this further please get in touch with Jacqui Gudgion or your usual Mercer & Hole contact.



Date: 17th March, 2016
Author: Jacqui Gudgion


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Football #finance short-term cost control, profitability and sustainability @mercerhole Andy Turner sheds light on……

Lisa Spearman, Private Client Partner updates on 'Changes to Main Residence Relief from Capital Gains Tax'……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn