sport

Tax lift for athletics

The Government has announced international athletes competing at the Sainsbury's Glasgow Grand Prix this summer will be exempt from income tax.

Part of the Diamond League series of meetings, the Grand Prix will take place at Hampden Park from July 11-12, the first time it has been held in Scotland. The change of location is to coincide with the Commonwealth Games later in the year.

The likes of triple London 2012 Olympic champion Usain Bolt and tennis star Rafael Nadal have previously limited their appearances in Britain due to rules which see them taxed on global sponsorship and endorsement earnings as well as any appearance fee.

"As soon as the law changes I'll be here all the time," Bolt said in 2012. "I love being here, I have so many Jamaican fans here and it's wonderful."

Chancellor of the Exchequer, George Osborne, said on Friday: "I want to do everything to help make this summer a summer of sporting success in Scotland. Not only is the great city of Glasgow hosting the Commonwealth Games, but also the Glasgow Grand Prix as well and the UK government will do its part to make sure both are great sporting events.

"The tax exemption the Treasury is announcing will extend the cultural and economic contribution that the Games will bring. It will also ensure Scotland continues to attract the highest standard of athletes."

A similar exemption for the Commonwealth Games itself was announced in January 2012.

Paul Bush, chief operating officer for EventScotland said: "Hosting the Sainsbury's Glasgow Grand Prix, a leg of the IAAF Diamond League is testament to our credentials as a major event destination and we welcome the HMRC announcement today agreeing a tax exemption for non-UK athletes.

"Scotland is the perfect stage for major events and this exemption will help to attract the world's leading athletes to the event in July."