Dáil Éireann Debate, Tuesday - 1 October 2013
200. Deputy Kevin Humphreys asked the Minister for Finance if membership fees for voluntary trade associations for businesses (details supplied) are eligible for tax relief or may be written off against a company's corporate tax bill; the cost of same in 2010, 2011 and 2012; the rate at which relief is given; and if he will make a statement on the matter. [40662/13]
View answerIn computing trading profits chargeable to corporation tax at the 12.5% rate, companies are allowed to deduct costs incurred on membership fees for voluntary trade associations for businesses, where membership is wholly and exclusively for the purpose of their trade. Statistical information on the amounts paid on membership fees for voluntary trade associations is not separately identified in the tax returns filed by companies and, as a consequence, the cost to the Exchequer of amounts deductible cannot be estimated.
