Róisín Shortall
Question:147. Deputy Róisín Shortall asked the Minister for Finance the total amount of revenue foregone in each of the past ten years under section 847A of the Taxes Consolidation Act 1997. [40981/16]
View answerFriday, 16 December 2016
Questions (147)
Written answers
Section 847A into the Taxes Consolidation Act 1997 provides for a scheme of tax relief for relevant donations to an approved sports body for the funding of approved projects. The scheme is applicable only to relevant donations received on or after 1 May 2002 in respect of expenditure incurred on approved projects on or after that date.
I am advised by Revenue that a Costs of Tax Expenditures Table is available on the Revenue Statistics webpage at www.revenue.ie/en /about/statistics/costs-expenditures.html.
This table provides an annual breakdown of the cost to the Exchequer for the 'Donations to Sports Bodies' from the years 2004 to 2014, the latest year for which data are available. This table will be updated in due course as newer data become available.