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Tax relief is available on donations of €250 or more in any one tax year to eligible charities from both individual and corporate donors.
After making a donation, we will send a receipt with your thank you letter. The company can claim a deduction for the donation as if it were a trading expense. The company pays corporation tax at 12.5% so their corporation tax bill is reduced by €250×12.5%=€31.
To qualify for the tax relief a donation must satisfy a number of conditions:
- It must be in the form of money.
- It must not be repayable.
- It must not confer any benefit on the donor or any person connected with the donor.
- It must not be conditional on, or associated with, any arrangement involving the acquisition of property by the charity or approved body.
- The Charitable Donation Scheme allows tax relief on qualifying donations made to approved bodies.
- If an individual donates €250 or more in a year, the approved body can claim a refund of tax paid on that donation.
- If a company donates €250 or more in a year, the company can claim a tax deduction as if the donation was a trading expense.
- There is a four year time limit for making a claim under this scheme.
Donate here or contact us for more information on partnerships@GuideDogs.ie
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