Selling your Olympic Torch
Consider your Income Tax or Capital Gains Tax liability
if you sell your Olympic Torch or donate the sale proceeds to charity.
Statutory Instrument: SI 2012 No 1359 (Opens new window)
The Income Tax (Entertainers and Sportsmen) (Amendment) Regulations 2012
Olympic and Paralympic Games - temporary workers
HMRC advises employers to check their labour providers for the 2012 Games are paying VAT and other taxes.
News Release: HMRC offers firms online Olympics advice
Small and medium-sized companies hoping to win Olympics contracts are invited to take advantage of an HMRC online advice seminar this month.
2012 Olympic and Paralympic tax exemptions
The UK government is committed to providing certain limited tax exemptions
required by the International Olympic Committee (IOC) during the bid
process for the Games. Regulations
have been laid before parliament to meet this commitment (Opens new
window). For most people working at or supplying to London 2012,
there will be no specific tax exemptions in place, and normal tax laws
apply. The Regulations cover those who are visiting the UK to compete
in the Games and a limited number of people who are visiting the UK
to work on Games related activity.
