do we need to register with revenue Tax clearance?

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

2 Questions

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

Tony

www.kdaaccountants.ie

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