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Tax break for athletes

Date: 11th March, 2013   |   Author: Cathy Corns   |   Comments: 0

The Treasury is giving a one-off exemption from UK tax for athletes completing at the Diamond League event at the Olympic Stadium on 27 July this year.

Usain Bolt, who is a fan favourite, has previously been quite vocal of his dislike of UK tax laws that effectively mean he has to pay to race in the UK and indeed he was refusing to compete here.

Whilst I am personally thrilled at the opportunity to see Bolt live in the UK, the piecemeal application of exemptions (why not the same treatment for tennis players, for example?) seems a little odd.

 

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