The London Olympic Games and Paralympic Games Tax Regulations 2010

Interpretation

2.—(1) In these Regulations—

“accreditation card” means an Olympic Identity and Accreditation Card, or a Paralympic Identity and Accreditation Card, issued and validated by LOCOG;

“CAS” means the Court of Arbitration for Sport;

“CTA 2009” means the Corporation Tax Act 2009(1);

“CTA 2010” means the Corporation Tax Act 2010(2);

“IF” means an organisation recognised by the IOC as an International Federation;

“IOC” means the International Olympic Committee;

“IPC” means the International Paralympic Committee;

“IPSF” means an organisation recognised by the IPC as an International Paralympic Sport Federation;

“ITA 2007” means the Income Tax Act 2007;

“ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003(3);

“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005(4);

“LOCOG” means the London Organising Committee of the Olympic Games and Paralympic Games Limited registered at Companies House under Company No. 05267819;

“London 2012” means the Olympic Games and Paralympic Games;

“NOC” means a National Olympic Committee recognised by the IOC;

“NPC” means a National Paralympic Committee recognised by the IPC;

“Olympic Games” means the Games of the XXX Olympiad that are to take place in 2012;

“Paralympic Games” means the Games of the XIV Paralympics that are to take place in 2012;

“WADA” means the World Anti-Doping Agency.

(2) In these Regulations “income” means—

(a)employment income as defined by section 7(2) of ITEPA 2003 (meaning of employment income), including income that would be employment income but for the provisions of regulation 3;

(b)profits of a trade, profession or vocation that are chargeable under section 5 (charge to tax on trade profits), section 229 (adjustment income: income charged) and section 242 (charge to tax on post-cessation receipts) of ITTOIA 2005;

(c)annual payments that are chargeable under section 683 of ITTOIA 2005 (annual payments not otherwise charged); and

(d)income that is chargeable under section 687 of ITTOIA 2005 (income not otherwise charged);

including profits, annual payments and income that would be so chargeable but for the provisions of regulation 3.

(3) In regulations 4(1)(b), 6(1)(b) and 7(1)(b)—

(a)a payment or transfer is made to the individual carrying out the London 2012 activity where it is made to that individual or where it is treated for income tax purposes as made to that individual in the course of a trade, profession or vocation pursuant to section 13(5) of ITTOIA 2005(5) (visiting performers: treatment of payment or transfer);

(b)a payment or transfer is connected with a London 2012 activity where the London 2012 activity is a relevant activity for the purposes of section 13 of ITTOIA 2005 (visiting performers) and the payment or transfer has a connection of the prescribed kind with that activity pursuant to that section(6).