Taxes Consolidation Act 1997 section 266

Deposits of charities

Section 266 requires financial institutions to include a charity's CHY number on returns filed with Revenue in respect of deposit interest paid without deduction of DIRT.

• When a financial institution pays interest on a charity's deposit without deducting DIRT, it must file a return with Revenue under section 891.
• That return must include the charity's CHY number — the reference number assigned by the Revenue Commissioners confirming the charity's entitlement to tax exemption.
• The CHY number requirement is in addition to all the other information that must already be included on the section 891 return.
• This provision ensures Revenue can verify that interest paid gross (without DIRT) relates to a genuinely exempt charity.