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Events such as the Olympics or a World Cup do not come along very often. Experience of the issues is vital but scarce. Tax issues will range from deductions for the bid costs themselves to the structure of the competition taking into account the tax demands of the international body such as the IOC, IRB or FIFA.
Increasingly International Federations of Sport demand certainty on the tax position and want a clear understanding of the tax issues faced in a country.
Even events that occur every year in the same country, such as Wimbledon, the British Grand Prix, Test Matches or the Open, throw up specific tax issues including the taxation of foreign nationals competing in the UK. We have the experience to advise in all these areas.
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