Finance Act 2014

Donations to approved bodies

18. (1) The Principal Act is amended—

(a) in section 848A by inserting the following after subsection (3A):

“(3B) Where—

(a) the Revenue Commissioners withdraw the authorisation of an approved body by a notice in writing in accordance with paragraph 7 of Part 3 of Schedule 26A, and

(b) (i) a company, or

(ii) an individual who is a chargeable person (within the meaning of Part 41A) and who for a year of assessment is entitled to deduct or set off the amount of a relevant donation made to an approved body against any income of the individual chargeable to income tax for that year of assessment,

makes a donation in good faith to the approved body in the period beginning on the date specified in the notice from which the withdrawal of the authorisation applies and has effect and ending on the date of the notice,

the donation, notwithstanding the withdrawal of the authorisation, shall, subject to this section, be deemed to be a relevant donation made to an approved body.”,


(b) in paragraph 7 of Part 3 of Schedule 26A—

(i) by deleting “, subsequent to the date of the notice,”, and

(ii) by inserting “, which date shall not be earlier than the date on which the charity has ceased to so comply” after “therein”.

(2) Subsection (1) shall have effect from 1 January 2015 as respects an authorisation issued, whether before, on or after that date, under paragraph 2 of Part 3 of Schedule 26A to the Principal Act.