The FT reports:
Usain Bolt and other international Olympians face being taxed for promotional work they are asked to do by their sponsors during next year’s Games, despite assurances from the tax authorities that they would be exempt during their time in the UK.
When London bid for the 2012 Olympics seven years ago, the International Olympic Committee was assured that overseas-based athletes would not be taxed on their “Games-related income”. It is a standard obligation expected of all bidding cities.
See http://www.ft.com/cms/s/48a7a868-a0ea-11e0-adae-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F48a7a868-a0ea-11e0-adae-00144feabdc0.html&_i_referer=http%3A%2F%2Frereferyned#ixzz1QYWcQ4CA