Revenue has issued new guidance on the tax relief available for relevant donations to National Governing Bodies (NGBs) which sets out the criteria on what qualifies as an NGB together with details of the relevant definitions under section 847AA TCA 1997.
The guidance outlines how both self‑assessed and PAYE‑only individuals can claim the tax relief including details and related deadlines regarding a donor’s decision to instead surrender the tax relief to an NGB. The relevant documentation requirements of NGB’s are also outlined together with information on the circumstances when relief will not be available.
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