Statutory Instruments
2012 No. 1359
Income Tax
The Income Tax (Entertainers and Sportsmen) (Amendment) Regulations 2012
Made
22nd May 2012
Laid before the House of Commons
23rd May 2012
Coming into force
1st July 2012
The Treasury, in exercise of the powers conferred by sections 967(1), 969(2) and 970(5) of the Income Tax Act 2007( 1 ), make the following Regulations.
Citation, commencement and effect
1. —(1) These Regulations may be cited as the Income Tax (Entertainers and Sportsmen) (Amendment) Regulations 2012.
(2) These Regulations come into force on 1st July 2012 and have effect in relation to a payment or transfer made on or after that date.
Amendments to the Income Tax (Entertainers and Sportsmen) Regulations 1987
2. —(1)The Income Tax (Entertainers and Sportsmen) Regulations 1987( 2 ) are amended as follows.
(2) In regulation 2(1) (interpretation) after the definition of “relevant activity” insert—
“ “the relevant amount” means the amount of the personal allowance in section 35(1) of the Income Tax Act 2007 which applies for the tax year in which the payment or transfer is made; ” .
(3) In paragraph (3) of regulation 4 (tax payments—rules for calculation) for “£1,000” in each place where it appears substitute “the relevant amount”.
James Duddridge
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd May 2012