Taxes Consolidation Act 1997 Schedule 4

Exemption of specified non-commercial State sponsored bodies from certain tax provisions

Schedule 4 lists the non-commercial State sponsored bodies that are exempt from income tax or corporation tax on certain categories of income under section 227.

• Bodies listed in Schedule 4 are exempt from tax on income that would otherwise be chargeable under Case III, Case IV, or Case V of Schedule D.
• The exemption does not cover trading income — any income chargeable under Case I of Schedule D remains taxable in the normal way.
• The exemption does not extend to deposit interest retention tax (DIRT) under Chapter 4 of Part 8.
• The Schedule has been amended on numerous occasions to add, remove, or rename bodies as they are established, dissolved, or restructured.