Draft legislation: sporting testimonial payments
This draft legislation explains simplifying the Income Tax and National Insurance treatment of payments derived from sporting testimonials.
Documents
Details
As part of the 2015 Autumn Statement, the government announced that it would be simplifying the Income Tax and National Insurance treatment of payments derived from sporting testimonials.
Update
On 2 November 2017 the government announced that the introduction of the National Insurance Contributions (NICs) Bill will be delayed.
The introduction of employer NICs on sporting testimonial payments above £100,000 will now take effect from 6 April 2019 rather than 6 April 2018.