The Charites Regulator and the Revenue Commissioners have agreed an updated cooperation arrangement. The Memorandum of Understanding, published today, supports cooperation and collaboration in the interest of ensuring appropriate sharing and assessment of information by both parties. The overarching aim of the arrangement is to uphold the integrity of charitable organisations and charitable trusts in Ireland and support public confidence in charities operating in Ireland or under Irish law.
The objectives of the new Memorandum of Understanding are to:
- Facilitate administrative cooperation between the Charities Regulator and the Revenue Commissioners in the performance of their respective functions in so far as they relate to the regulation of charities;
- Ensure consistency between decisions made or measures taken by the Charities Regulator and the Revenue Commissioners, in so far as is practical, in relation to matters concerning the regulation of charities;
- Avoid any unnecessary duplication of activities by the Charities Regulator and the Revenue Commissioners;
- Promote a common understanding of the responsibilities, working procedures, legal powers and constraints of the Charities Regulator and the Revenue Commissioners;
- Facilitate and provide necessary safeguards for effective investigation and exchange of information, with the objective of preventing, detecting and remedying misconduct or mismanagement in the administration of charities and charitable funds;
- Ensure appropriate consultation and co-operation on matters of mutual interest so that charities may be encouraged to comply fully with their legal responsibilities under charity and taxation legislation and adopt best practice in governance.
The MOU between the Charities Regulator and the Revenue Commissioners is available to view at the Charities Regulator’s website or at the following link: https://www.charitiesregulator.ie/media/y3ndnmqt/revenue.pdf
ENDS