[306B Limited exemption for sporting testimonial payments]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[Professional sportspersons]

[306B  Limited exemption for sporting testimonial payments]

[(1)     This section applies to any sporting testimonial payments which are—

(a)     made out of money raised by a sporting testimonial (“the sporting testimonial”), and

(b)     treated by virtue of section 226E as earnings of a person (“S”).

(2)     No liability to income tax arises in respect of sporting testimonial payments to which this section applies.

(3)     Subsection (2) has effect subject to and in accordance with the following provisions.

(4)     It only applies—

(a)     if the controller of the relevant event or activity (or of all the relevant events or activities in a series) constituting the

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