BAC

The aim of this section is to help you understand your responsibilities with regards to tax, and whether or not you should be paying any

The BAC has been working hard over the past few years to agree guidelines with HMRC which will help athletes to understand when they will become liable for tax, and when they should complete a tax return. The information in the accompanying pages is designed to help you and your advisers understand your situation.

The Frequently Asked Questions and Notes on Athlete Taxation sections will help you to understand the circumstances in which you will be liable for tax, and whether you will be taxed on all your sporting income (including your lottery award) or just a part of it.

The Case Studies will help you to see how the guidance works in practice

Use the section Types of Tax to understand the different types of tax you may be liable to pay as a self employed elite athlete

The section Information for Athlete Accountants gives details on all the expenses the BAC has agreed with HMRC that athletes can claim back against tax.

You (or your advisers) may also want to look at the HMRC website here This includes the case studies that we have agreed with them, which are reproduced in this section

Below you will find a list of accountancy firms that have been working with the BAC to ensure that athletes get the best possible service and advice. By using these firms you can be assured that you will be getting the best possible advice as an athlete. They are also offering discounted deals to full BAC members for filing their tax returns. Details on these deals can be found here