Dáil Éireann Debate, Tuesday - 23 March 2004
297 Mr. P. Breen asked the Minister for Arts, Sport and Tourism if he has received correspondence from an organisation (details supplied) in County Clare; the action he will take in regard to the correspondence under the Taxes Consolidation Act 1997; and if he will make a statement on the matter. [8549/04]
Amharc ar fhreagraSection 847A of the Taxes Consolidation Act provides for a scheme for tax relief for relevant donations to an approved sports body for the funding of approved projects. This scheme is administered jointly by the Revenue Commissioners and my Department. My Department's sole function is to certify that the project is a sports project.
It is a requirement under the scheme that the applicant be recognised as a sports exempt body under section 235 of the Taxes Consolidation Act. Sports exempt certification is provided by the Revenue Commissioners alone. This certification by the Revenue Commissioners states that a body is established and existing for the sole purpose of promoting sport, whose income is exempt from income-corporation tax.
An application to this scheme was received by my Department earlier this year from the organisation in question. However, this organisation is not recognised by the Revenue Commissioners as a sports exempt body and as a result its project does not qualify for consideration under this scheme.
