Revenue eBrief No. 057/24

01 March 2024

Interpretation of Corporation Tax Acts

Tax and Duty Manual Part 01-00-02, Interpretation of Corporation Tax Acts, has been updated:

  • to confirm that Finance (No.2) Act 2023 extended the tax exemption under section 208 TCA 1997 to include professional services income of a charity, e.g. income from providing counselling services;
  • to confirm that Finance (No.2) Act 2023 inserted a definition of sport which includes both competitive and recreational sport into section 235 TCA 1997. Section 235 provides for a tax exemption for certain income of a relevant body established for the promotion of athletic or amateur games or sports.