Summer of sport

Too late for Wimbledon but in time for a significant sporting event, the Income Tax (Entertainers and Sportsmen) (Amendment) Regulations 2012 came into effect on 1 July. This states that payments to non-resident sportsmen and entertainers may be made without any withholding if they do not exceed the annual personal allowance. Until that date the threshold was £1,000.

The change is not directly related to the Olympics: the earnings of non-UK resident Olympic and Paralympic competitors, officials and many media workers are wholly exempt for the duration of their temporary presence at the London games.

Full details are available at HMRC.