I am advised by the Revenue Commissioners that the tax code provides for certain exemptions from tax on income and property of charities. The Revenue Commissioners were not satisfied that the memorandum of association of the body referred to by the Deputy complied with the necessary conditions for granting such exemptions.
In order to seek clarification of the proposed objects and powers of the body concerned, revenue officials met with officers of the body on 13 January 1992. Following this meeting, a letter issued advising the body of a number of technical amendments to its memorandum of association which will be necessary to comply with the requirements regarding its charitable objectives. When the body has complied with the requirements set out in that letter, the matter will be considered again.