The Major Sporting Events (Income Tax Exemption) (World Athletics Indoor Championships Glasgow 24) Regulations 2023

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Major Sporting Events (Income Tax Exemption) (World Athletics Indoor Championships Glasgow 24) Regulations 2023 and come into force on 22nd February 2024.

(2) In these Regulations—

“accredited person” means any individual who, in advance of their performance of a relevant activity, has been accredited by the organiser for the purposes of the sporting event through the issue of an accreditation badge;

“income” means employment income(1), or the profits of a trade, profession or vocation (including profits treated as arising as a result of section 13 of the Income Tax (Trading and Other Income) Act 2005 (visiting performers))(2);

“the organiser” means World Athletics, an association established under the laws of Monaco with its headquarters situated at 6-8 Quai Antoine 1er, BP 359, MC 98007, Monaco;

“relevant activity” has the meaning given in regulation 2(2);

“the sporting event” means the 19th World Athletics Indoor Championships to be held between 1st and 3rd March 2024 in Glasgow.

(1)

“Employment income” is defined, for the purposes of the Tax Acts, by section 7 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1).

(2)

2005 c. 5; section 13 was amended by paragraphs 492 and 495 of Schedule 1 and paragraph 1 of Schedule 3 to the Income Tax Act 2007 (c. 3).