Tax relief on donations to certain sports bodies

What records must be kept by an approved sports body or National Governing Bodies (NGB)?

As an approved sports body, or National Governing Body (NGB), you must keep a cumulative sum of all donations received:

• from all donors, both corporate and individual
• regardless of the amount
• regardless of whether or not tax relief is donated to the approved sports body.

You must also:

• retain the original Form SPR1 or Form SPR2 signed by the donor
• retain copies of your receipts provided to donors
• set up a separate bank account to lodge all donations
• keep proper financial records and accounts
• and
• keep audited accounts, if your income is over €250,000 per year.

Please note that Revenue may request evidence of donations (including copies of documentation) in support of your claim.

Approved sports bodies with an approved project number

Approved sports bodies (with an approved project number) must also submit annual progress reports to the Sports Unit of the Department of Culture, Communications and Sport. The first report is due one year from the date of the approval letter. The report should:

• outline the work completed on the approved project
• define the timetable for remaining works
• and
• list the total donations received in the preceding year.

The above reports must be made available to the Charities and Sports Exemptions Unit, upon request.