|
|
|
Amendment of section 235 of Principal Act (bodies established for promotion of athletic or amateur games or sports)
|
| |
16. Section 235 of the Principal Act is amended—
|
|
| |
(a) in subsection (1)—
|
|
| |
(i) by the substitution for “In this section, “approved body of persons” means—” of the following:
|
|
| |
“In this section—
|
|
| |
‘approved body of persons’ means—”,
|
|
| |
(ii) in the definition of “approved body of persons”, in paragraph (b)—
|
|
| |
(I) in subparagraph (i), by the substitution of “1984,” for “1984, or”,
|
|
| |
(II) in subparagraph (ii), by the substitution of “1976, or” for “1976;”, and
|
|
| |
(III) by the insertion of the following subparagraph after subparagraph (ii):
|
|
| |
“(iii) any body of persons that, as respects the year 2022 or any earlier year of assessment, was granted exemption from income tax or corporation tax under this section before the coming into operation of section 16 of the Finance (No. 2) Act 2023;”,
|
|
| |
and
|
|
| |
(IV) in clause (II), by the substitution of “a tax advantage;” for “a tax advantage.”,
|
|
| |
and
|
|
| |
(iii) by the insertion of the following definitions:
|
|
| |
“ ‘competitive sport’ means all forms of physical activity which, through organised participation, aim at—
|
|
| |
(a) expressing or improving physical fitness, and
|
|
| |
(b) obtaining improved results in competition at all levels;
|
|
| |
‘games and sports exemption number’ means a number issued to a body of persons approved by the Revenue Commissioners for the purposes of this section;
|
|
| |
‘recreational sport’ means all forms of physical activity which, through casual or regular participation, aim at—
|
|
| |
(a) expressing or improving physical fitness and mental well-being, and
|
|
| |
(b) forming social relationships;
|
|
| |
‘sport’ includes competitive sport and recreational sport.”,
|
|
| |
and
|
|
| |
(b) by the insertion of the following subsection after subsection (5):
|
|
| |
“(6) Notwithstanding any obligations as to secrecy or other restriction upon disclosure of information imposed by or under any statute or otherwise, the Revenue Commissioners may publish the name, county and games and sports exemption number of an approved body of persons.”.
|
