In the last week, HM Treasury has issued three Major Sporting Events (Income Tax Exemption) Regulations for this summer. We outline a brief overview below.

1. Finalissima football match – SI 2022/487

The Finalissima football match between Italy and Argentina is due to be held at Wembley Stadium on 1 June 2022.

SI 2022/487 will come into force on 27 May 2022. The Income Tax Exemption will be available from 28 May 2022 until 2 June 2022 and only applies to individuals within the meaning of an accredited person. The individuals must be non-UK resident in the 2022/23 tax year or, if split year treatment applies, the income must relate to the overseas part of the tax year.

2. UEFA Women’s EURO 2022 finals – SI 2022/489

The UEFA Women’s Euro 2022 finals tournament is due to be held in England in July 2022.

SI 2022/489 will come into force on 30 June 2022. The Income Tax Exemption is available from 1 July 2022 until 6 August 2022 and only applies to individuals within the meaning of an accredited person. The individuals must be non-UK resident in the 2022/23 tax year or, if split year treatment applies, the income must relate to the overseas part of the tax year.

3. Birmingham Commonwealth Games – SI 2022/493

The Birmingham Commonwealth Games will take place from 28 July 2022 to 8 August 2022.

SI 2022/493 will come into force on 30 June 2022. The Income Tax Exemption is available from 1 July 2022 to 11 August 2022 and applies to duties or services in connection with the Birmingham Commonwealth Games which are performed by an accredited person in the UK during this period. The individual must be a non-UK resident in the 2022/23 tax year or, if split year treatment applies, the income must relate to the overseas part of the tax year.

If you require further information, please contact Danielle Ford, Director and Head of Tax Disputes & Resolutions.