Dec 06,2024
Mayo GAA has acknowledged that it is not in a position to sign off on its accounts for 2024 because of ongoing engagement with the Revenue Commissioners.
Last year's accounts registered a potential tax liability of €119,778, which Mayo say was a "legacy issue relating to outstanding tax liabilities from our Cúl Camp's programme in 2018 and 2019."
Mayo made a voluntary disclosure of that €119,778 figure to the Revenue Commissioners, who then requested further information in a 'wider review'.
Mayo outlined the details in a statement issued after a county board meeting last night.
"Following the disclosure, the Revenue Commissioners requested further information from Mayo GAA for the 2018 and 2019 period," read the statement.
"In light of this request, Mayo GAA began its own voluntary review of the tax treatment it applies across a range of expenses paid in subsequent years, from 2020-2024. Mayo GAA took it upon itself to engage proactively with Revenue on this wider review.
"The Revenue Commissioners’ intervention is still ongoing, and while we have no certainty on how long it will take, it is hoped that the process will conclude in the coming months." This ongoing review has prompted the decision not to sign off on the 2024 accounts until any additional liabilities are quantified and agreed. The decision of the Mayo county board executive is supported by the county’s audit and risk committee.
"To prevent similar issues highlighted by Revenue from arising in the future, Mayo GAA has commenced a review of the payment of all expenses going forward to ensure they are fully compliant with Revenue guidelines," the statement continued.
Seamus Tuohy, chairperson of Mayo GAA, added: "Mayo GAA is complying fully with the Revenue Commissioners' ongoing audit process, and we are committed to proactively ensuring all potential tax liabilities arising from past expenses payments are fully settled.
"The issues that have been identified by the Revenue Commissioners relate to expense payments made. It is therefore clear that these potential tax liabilities identified by Revenue may also impact every other county board in Ireland.
"As Mayo GAA continue to work constructively with Revenue on these issues, I would urge the wider GAA community to proactively engage on these issues and ensure all county boards have clear guidelines going forward around the tax treatment of all expenses that are incurred in the running of our association".
