Mayo GAA issues statement on engagement with Revenue Commissioners
The Mayo GAA County Board has confirmed it is engaging with the Revenue Commissioners currently with regard to expense payments from the period 2020 to 2024.
While the board insists the finances of Mayo GAA are in 'robust shape' following another 'strong financial year' in 2024, the principal officers have decided to not sign the financial statements for the year ended 30 September 2024 until the outcome of the ongoing Revenue Commissioners Risk Review is completed and any additional liabilities arising from same are quantified and agreed.
Mayo GAA chairperson Seamus Tuohy said the board are committed to proactively ensuring all potential tax liabilities arising from past expenses payments are fully settled, and is complying fully with the Revenue Commissioners’ ongoing audit process.
“The issues that have been identified by the Revenue Commissioners relate to expense payments made,” he explained. “It is therefore clear that these potential tax liabilities identified by Revenue may also impact every other county board in Ireland.”
Mr. Tuohy continued: “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.”
A statement released by Mayo GAA delves into the history of the matter. It reads: “Over the past year, Mayo GAA has been engaging with the Revenue Commissioners in relation to a legacy issue relating to outstanding tax liabilities from our Cúl Camps programme in 2018 and 2019.
“As part of that process, Mayo GAA made a voluntary disclosure of €119,778 to the Revenue Commissioners last year in relation to the potential tax liability for the Cúl Camps programme. Following the disclosure, the Revenue Commissioners requested further information from Mayo GAA for the 2018 and 2019 period.
“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 to 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.
“Mayo GAA will prepare and release its financial statement to its clubs in advance of convention without any provision for a potential liability. As Mayo GAA is not currently in a position to accurately assess with certainty the final potential liabilities that may arise from our engagement with Revenue, the principal officers of county board have decided to not sign the financial statements for the year ended 30 September 2024 until the outcome of the ongoing Revenue Commissioners Risk Review is completed and any additional liabilities arising from same are quantified and agreed.
“Our auditors are in agreement with this approach, and this approach is supported by the Mayo GAA management committee and the county’s audit and risk committee. Overall, the finances of Mayo GAA are in robust shape after another strong financial year in 2024.
“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.
“Mayo GAA will continue to update club delegates and officials as the Revenue’s intervention progresses.”