Form CT1 2008

The Explanatory Notes for the completion of Form CT1 2008 are now available on the Revenue website.

Artists Exemption

Revenue have published the updated list of individuals who received a favourable determination during the period 1 April 2002 to 30 June 2008. TCA97 s 195 deals with the artists exemption provisions.

Tax Exempt Sports Bodies

The list of Sports Bodies with a Tax Exemption under Section 235, Taxes Consolidation Act, 1997 is updated.

Bodies Granted Income Tax Exemption

Revenue has updated the list of Bodies granted Charitable Tax Exemption under Section 207, Taxes Consolidation Act, 1997. Section 207 provides that certain income of hospitals and other charities chargeable to income tax under Schedules C, D and F is exempt from income tax where such income is applied solely for charitable purposes.

Eligible Charities and Approved Bodies

The list of Eligible Charities and Approved Bodies for the purposes of tax relief on donations under Section 848A Taxes Consolidation Act, 1997 is updated from 22 July 2008.

In addition to Eligible Charities listed, the list of other “Approved Bodies” for the purposes of the Scheme include:

• Educational institutions or bodies including primary, second level or third level, if their programmes are approved by the Minister for Education and Science or the institution provides courses which are validated by the Higher Education Training and Awards Council.
• A body approved for Education in the Arts by the Minister for Finance,
• A body for the promotion of the observance of the Universal Declaration of Human Rights or the implementation of the European Convention for the protection of Human Rights and Fundamental Freedoms, or both,
• A Company incorporated under the companies Acts 1963 to 2001 on the 30 January 2003, as US-Ireland Alliance Limited,
• The company designated by the Minister of Finance by order under Section 122(2) of the Finance Act 2006, as The Irish Heritage Trust.