210 The Great Book of Ireland Trust

This section exempts from income tax the income of the Great Book of Ireland Trust arising from the sale of the book and any payments made from such income to Clashganna Mills Trust Ltd and Poetry Ireland Ltd. In addition, payments made by the Great Book of Ireland Trust to Clashganna Mills Trust Ltd and Poetry Ireland Ltd are not subject to deduction of tax at source at the standard rate (that is, such payments are to be made gross).

The Great Book of Ireland Trust is a trust established for the benefit of Clashganna Mills Trust Ltd and Poetry Ireland Ltd. Clashganna Mills Trust Ltd is a registered charity. Poetry Ireland Ltd (the national poetry organisation) is a company limited by guarantee. The Great Book of Ireland Trust distributes money from the sale of the Great Book of Ireland equally to Clashganna Mills Trust Ltd and Poetry Ireland Ltd.

Relevant Date: Finance Act 2019