do we need to register with revenue Tax clearance?

[freddiev]

Hi Guys

Myself and my partner are PAYE workers in full time employment but on the side we have a non profit making partnership. We are waiting on a grant cheque from the enterprise board but they are telling me I need to supply a partnership clearance certificate and not a personal one. We are not registered for tax as we do not make money yet, in fact we operate at a loss. Can any of you guys tell me if we are obliged to register for tax?

I have started filling out the TR1 form but noticed the sentence

It should not be used by:

– A body whose sole aim is to receive a registration number to obtain a grant/tax clearance certificate - use a form
Exempt Registration available on the website,

I have looked on the revenue site but cannot find any such form....Any advice very welcome!

Many thanks
Freddie

 

[KDA man]

2 Questions

Do you expect the partnership to make profit in the future?
Do you sell goods or services?

Tony

www.kdaaccountants.ie

 

[freddiev]

Hi Tony

Yes we expect to make money in the future, but at the moment we are focused on R&D. We sell very little, I guess a max of €1000 worth of goods a year and no services offered at the moment.

Freddie