J Jim Davis Registered User Messages 90 30 Sep 2010 #1 Can anyone tell me what the status of a club or society is as an entity i.e. company ltd by guarantee, partnership etc?. Also, can anyone tell me what the position is with clubs/societies and revenue? How does revenue treat them i.e. income tax, vat etc?
Can anyone tell me what the status of a club or society is as an entity i.e. company ltd by guarantee, partnership etc?. Also, can anyone tell me what the position is with clubs/societies and revenue? How does revenue treat them i.e. income tax, vat etc?
R RonanC Registered User Messages 1,138 30 Sep 2010 #2 These would be generally incorporated as Guarantee Companies without share capital. They would have a minimum of 7 members
These would be generally incorporated as Guarantee Companies without share capital. They would have a minimum of 7 members
T T McGibney Registered User Messages 6,809 30 Sep 2010 #3 Most sports clubs are not guarantee companies, but most will operate under a set of written rules or constitution.
Most sports clubs are not guarantee companies, but most will operate under a set of written rules or constitution.
J Jim Davis Registered User Messages 90 30 Sep 2010 #4 T McGibney said: Most sports clubs are not guarantee companies, but most will operate under a set of written rules or constitution. Click to expand... Thanks. So what exactly is the status of a club from revenues point of view?
T McGibney said: Most sports clubs are not guarantee companies, but most will operate under a set of written rules or constitution. Click to expand... Thanks. So what exactly is the status of a club from revenues point of view?
T T McGibney Registered User Messages 6,809 30 Sep 2010 #5 Jim Davis said: Thanks. So what exactly is the status of a club from revenues point of view? Click to expand... There is a procedure for sports clubs to apply to Revenue for tax exemption. It is generally a straightforward process. See http://www.revenue.ie/en/tax/it/leaflets/gs1.pdf
Jim Davis said: Thanks. So what exactly is the status of a club from revenues point of view? Click to expand... There is a procedure for sports clubs to apply to Revenue for tax exemption. It is generally a straightforward process. See http://www.revenue.ie/en/tax/it/leaflets/gs1.pdf
P Paddy199 Registered User Messages 482 4 Oct 2010 #6 Note they are not exempt from employment taxes eg PREM.
C censuspro Registered User Messages 277 8 Oct 2010 #7 Are unincorporated clubs/societies covered by Irish Gaap?