Taxes Consolidation Act 1997 section 445

Certain trading operations carried on in Shannon Airport

Section 445 allowed the Minister for Finance to certify qualifying trading operations carried on at Shannon Airport as "relevant trading operations", so that they could be treated as the manufacture of goods in the State and qualify for manufacturing relief.

• The Minister for Finance could issue a certificate, with or without conditions, designating specified trading operations at Shannon Airport as relevant trading operations.
• Eligible activities included aircraft repair and maintenance, operations contributing to the use or development of the airport, and ancillary operations; passenger services, scheduled air transport, retail selling and the sale of aircraft fuel and stores were excluded.
• Once certified, the relevant trading operations were treated as manufacturing in the State, and receipts from them were treated as amounts receivable from the sale of goods for the purpose of manufacturing relief.
• Certificates ran until 31 December 2005 (or 31 December 2002 for operations approved after 31 May 1998) and could be revoked by the Minister if the trade ceased, moved outside the airport, breached conditions, or harmed the airport's development.