Prize Money (Transfer to Non-Residents)

HC Deb 25 July 1972 vol 841 c248W

34. Mr. Hunt

asked the Chancellor of the Exchequer whether permission under the exchange control regulations is given for the transfer of prize money to foreign nationals outside the sterling area.

Mr. Nott

Permission is freely given for the transfer to non-residents of prize money arising from events held in this country. For an event taking place outside the British Isles, permission would depend on the nature of the payment.