The London Olympic Games and Paralympic Games Tax Regulations 2010
These Regulations, which come into force on 1st January 2011, implement tax commitments made by the UK in bidding to host the Olympic and Paralympic Games (“the Games”). The Regulations exempt from income tax the income and profits of specified individuals who come to the UK temporarily to take part in or assist in the hosting of the Games. They also prevent the activities of certain of those individuals from creating a permanent establishment of their employer for corporation tax purposes, if one does not already exist.